2500 E Colorado Blvd - Office FOR SALE


Pasadena, CA 91107- Lamanda Park
$7,995,000 USD
818-907-4650
2500 E Colorado Blvd, Pasadena, CA for Sale
$7,995,000 USD
Office - FOR SALE
1/6
null | Request Cap Rate

2500 E Colorado Blvd
Pasadena, CA 91107
Lamanda Park


HIGHLIGHTS

  • Acquire and own/operate the office building at “value” pricing and far below replacement cost.
  • Acquire and create a multi-family development project with favorable LPSP zoning; Lamanda Park Specific Plan.
  • Will be delivered entirely vacant on an 'As-Is, Where-Is' bases at the close of escrow.

OVERVIEW

2500 E. Colorado Blvd (“Project”) is offered for sale on an ALL CASH BASIS to both office building investors (renovate current structure) and multi-family developers (re-develop the site based on favorable zoning entitlements). The listing price for the sale of the land and building is $7,995,000 ($228/RSF of gross building and $136/SF of gross land). The property will be delivered entirely vacant and on an “As-Is, Where-Is” basis at the close of escrow.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bank of the West

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

LPSP-MV-N

APN/PARCEL ID

5748-011-038

ASK ABOUT THIS PROPERTY

Kyle BarrattCBRE, Inc.More Info
818-907-4650

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Kyle BarrattCBRE, Inc.More Info
818-907-4650

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.