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.