414 S Lake Ave - Storefront FOR SALE


Pasadena, CA 91101- South Lake
$5,399,000 USD
844-585-7657
414 S Lake Ave, Pasadena, CA for Sale
$5,399,000 USD
Storefront - FOR SALE
1/6
null | 5.31% Cap Rate

414 S Lake Ave
Pasadena, CA 91101
South Lake


HIGHLIGHTS

  • Premier Pasadena Retail Corridor | Strong Tenant Synergy
  • High-Density Trade Area | Affluent Consumer Base

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 414 South Lake Avenue, a rare single-tenant retail asset ideally situated along one of Pasadena’s premier retail corridors. The property boasts 50 feet of street frontage on South Lake Avenue and encompasses 7,000 square feet of ground-floor retail space plus an additional 1,500 square feet of second-floor office space. The tenant, Cycle Gear is a leading national retailer of motorcycle apparel and accessories with 165+ locations nationwide. The tenant has approximately 6 years remaining, with 2 (5-year) renewal options The subject property represents a strategically positioned brand location within a premier Southern California retail market.

FOR SALE DETAILS

PRICE

$5,399,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

5.31%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cycle Gear | Pasadena Premier Retail Corridor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

PSC

APN/PARCEL ID

5735-031-006

ASK ABOUT THIS PROPERTY

Carlos LopezSRS Real Estate PartnersMore Info
844-585-7657

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Carlos LopezSRS Real Estate PartnersMore Info
844-585-7657

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