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1110 - 1118 E Green Street - 1110 Professional Bldg, Pasadena, CA
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1110 - 1118 E Green Street - 1110 Professional Bldg
Pasadena, CA 91106-2514 - Pasadena/Arcadia/Monrovia Submarket
For Sale Price:
Total Space Avail:
Ratio of 3/1,000 SF
Bus Line, On Site Management, Property Manager on Site
This building offers prime CBD location of Pasadena. T-1 lines and roof satelite are available. Easy access to 210 Freeway. 3 blocks east of Lake Ave. Private restrooms. Additional parking available.
Brookfield Partners is pleased to present for sale 1118 E Green Street in the city of Pasadena CA. The property is located in one of Pasadena' s most sought-after areas. The improvements consist of a four-story office building totaling approximately 18,000 square feet of medical and general office space on an approximately 11,866 square feet parcel. The ground floor space has recently been converted to medical space. Approximately 9,200 SF can me made available to an owner users looking to take advantage of the historical low rates provided through SBA financing.
**See attached Offering Memorandum for the current rent roll and financial analysis.**
The subject property offers an investor or and owner user the opportunity to acquire an asset that has great visibility and corporate identity.
Additionally, the subject property offers excellent exposure and strong supplemental rental income from the current tenants which allows an owner occupant to reduce their occupancy cost significantly.
Now is the time to take advantage of low interest rates and protect your business from future rental market spike. Rather than paying rent to a landlord, your rent will pay off the property mortgage and provide a more attractive after tax return. Net occupancy cost after ownership benefits excluding appreciation is approximately $0.97 per-square foot.
The subject property location is regarded as one of Pasadena' s most desirable commercial regions, surrounded by its numerous walk able amenities and attractions along Lake Ave and Colorado Street. With tremendous access to freeways and transportation
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