161 E California Blvd - Flex FOR SALE


Pasadena, CA 91105- Raymond Hill
$4,200,000 USD
760-610-3147
161 E California Blvd, Pasadena, CA for Sale
$4,200,000 USD
Flex - FOR SALE
1/10
null | Request Cap Rate

161 E California Blvd
Pasadena, CA 91105
Raymond Hill


HIGHLIGHTS

  • One of the highest trafficked intersections in Pasadena with 88,000 cars per day.
  • Arroyo Parkway is one of the primary commercial corridors in the region.
  • Current ownership has owned the property for 50+ years.
  • Excellent opportunity for investors or owner/users.

OVERVIEW

CBRE is pleased to offer qualified investors the opportunity to acquire a prime commercial property situated at the Northeast corner of California Boulevard and Arroyo Parkway, one of the most prominent intersections in the Pasadena sub-market. The subject property consists of several commercial buildings totaling approximately 11,678 sf located on two separate parcels totaling approximately 18,730 square feet. The property offers incredible exposure to both California Boulevard as well as Arroyo Parkway, two of the region’s most heavily trafficked arterials carrying a combined traffic count of almost 90,000 cars per day. This legacy property has been under the same ownership for decades offering a rare opportunity to prospective investors to acquire a truly iconic site. Given the short term leases in place, the property offers great optionality that is ideal for an owner/user or investor with a variety of potential leasing or redevelopment possibilities.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$778 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NEC California Blvd. & Arroyo Pkwy.

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

PSC-

APN/PARCEL ID

5722-016-037

ASK ABOUT THIS PROPERTY

760-610-3147

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760-610-3147

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