460 S Lake Ave - Department Store FOR SALE
Pasadena, CA 91101 |
460 S Lake Ave
Pasadena, CA 91101
HIGHLIGHTS
- Generational Pasadena Lake Avenue Location with Investment Grade Credit Tenant
- Ross- Corporate guarantee – S&P BBB+ credit rating | 2020 revenue – $15.2 Billion | Market cap – $42.64 Billion
- 2021 1st quarter sales of $4.5 Billion – surged 145% over year over year
- Irreplaceable Lake Avenue frontage with over 34,000 VPD
- Nearby retailers include: Trader Joes, William Sonoma, Mendocino Farms, Lemonade, Philz Coffee, Urban Plates, CAVA, Ann Taylor
- World Class Pasadena Trade Area
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Ross Dress For Less/Legacy RE / BBB+ Credit
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Fast Food, Storefront, Supermarket
TOTAL BUILDING SIZE
38492
STORIES
2
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
5735-031-022
