213-631-8788
33 S Fair Oaks Ave, Pasadena, CA for Sale
Office - FOR SALE
1/26
null | Request Cap Rate

33 S Fair Oaks Ave
Pasadena, CA 91105
Old Town Pasadena


HIGHLIGHTS

  • IRREPLACEABLE OLD PASADENA LOCATION
  • 100% OCCUPIED
  • LARGE-FORMAT OFFICE ANCHOR WITH DEMISING FLEXIBILITY
  • TRANSIT-ORIENTED LOCATION
  • FOOD AND BEVERAGE CORRIDOR WITH PROVEN STAYING POWER

OVERVIEW

CBRE is pleased to present the opportunity to acquire 33-61 S. Fair Oaks Avenue, a 64,405 square foot mixed-use commercial asset in the heart of Old Pasadena, California. The property spans nearly a full block along S. Fair Oaks Avenue, one block south of Colorado Boulevard, in one of Southern California’s most visited and enduring retail and dining destinations. The asset comprises three distinct structures united along a contiguous block-length footprint, an original 19th century commercial building that anchors the historic Fair Oaks streetscape, and a purpose-built 2013 addition that expanded the campus to its current scale. Together they accommodate a diverse mix of restaurant, fitness, and office uses across three levels, drawing from one of the highest-traffic pedestrian environments in the San Gabriel Valley. The property is 100% occupied, with in-place rents across a portion of the tenant base set below current market, offering a new owner a clear path to NOI growth through natural lease rollover.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

One Green

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1886

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,212 SF

ZONING

CD-MU-C-AD-1

APN/PARCEL ID

5713-007-029

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

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

Jenny EngCBREMore Info
213-631-8788

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