408 & 422 S Pasadena Avenue Flex FOR SALE


Pasadena, CA - Bellefontaine
$4,600,000 USD
818-907-4650
, Pasadena, CA for Sale
$4,600,000 USD
Flex - FOR SALE
1/18
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408 & 422 S Pasadena Avenue
Pasadena, CA
Bellefontaine


HIGHLIGHTS

  • Over 90% leased with in-place rents ~17% below market
  • Individually metered units with 8'x8' roll up door, 18' clear heights in warehouse, and skylights
  • 32 Parking spaces with multiple points of ingress and egress
  • Prominent corner visibility

OVERVIEW

NEW PRICING! CBRE, Inc. presents an exceptional opportunity to acquire a rare two-building portfolio located at 408 & 422 S Pasadena Avenue, Pasadena, CA 91105 (“Property”). This unique assemblage is comprised of two (2) free-standing flex properties totaling 15,165 sf situated on over ½ ac of land. These masonry block buildings, built in 1989 and 1955, feature ~32 parking spaces with multiple points of ingress and egress. Over 90% leased with in-place rents ~17% below market and a weighted average lease term of 1.59 years, this Property provides significant near term upside for investors.

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 Policy.