1167-1169 S Fair Oaks Ave - Storefront Retail/Office FOR SALE
Pasadena, CA 91105 |
1167-1169 S Fair Oaks Ave
Pasadena, CA 91105
HIGHLIGHTS
- All NNN leases with 3% annual rent increases providing strong hedge against inflation with 3.1 years WALT
- Going in cap rate of 5.01%, stabilized cap rate of 5.98% once vacant suite leased at market rents
- High barrier to entry market - Prominent hard corner with over 32,000 vehicles per day on Fair Oaks Avenue
- Long seasoned tenants (Yoga House over 23 years at location and Shape House since 2013)
- Strong affluent population of 237,010 people in 3-mile trade area with an average Household Income of $113,311
- Multiple uses allowed (see attachment)
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
All NNN Leases, 5.98% stabilized cap rate
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront Retail/Residential, Loft/Creative Space
TOTAL BUILDING SIZE
10091
STORIES
1
YEAR BUILT
1925
SPRINKLERS
-
PARKING SPACES
6
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5719-015-001
