213-955-5100
48 S Chester Ave, Pasadena, CA for Sale
Office - FOR SALE
1/8
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48 S Chester Ave
Pasadena, CA 91106
South Lake


HIGHLIGHTS

  • An opportunity for immediate or near-term full building occupancy, allowing for complete customization and utilization.
  • Efficient floor plates and existing infrastructure support a wide range of uses including traditional office, technology, education, nonprofit, etc.
  • Located adjacent to Caltech and within one of Southern California's leading technology, research, and education hubs.
  • The Property is equipped with existing EV charging capabilities and solar infrastructure, reducing future capital requirements and enhancing function
  • The Property features a large secured parking lot with 48 on-site spaces, providing an above-market parking ratio that is difficult to replicate.
  • Existing roof access creates the opportunity for a future outdoor collaboration area, employee amenity space, or rooftop terrace with views.

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 48 South Chester Avenue, a two-story office building totaling 14,700 rentable square feet situated on 0.46 acres in Pasadena, California. Located within Pasadena's highly desirable South Lake/Caltech corridor, the Property sits just south of East Colorado Boulevard and steps from the California Institute of Technology (Caltech), one of Southern California's premier research and innovation institutions. The Property benefits from immediate access to a highly educated workforce, an extensive amenity base along South Lake Avenue, and convenient connectivity throughout the San Gabriel Valley and greater Los Angeles region. Featuring 48 on-site parking stalls, solar infrastructure, EV charging capabilities, and efficient floor plates, the building is well-positioned for a variety of owner-user, office, technology, education, research, and nonprofit occupiers. 48 South Chester Avenue offers the opportunity to acquire a freestanding office asset with strong corporate identity, exceptional parking, and rooftop amenity potential in one of Pasadena's most established and supply-constrained office submarkets.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CL1, Pasadena

APN/PARCEL ID

5735-001-024

ASK ABOUT THIS PROPERTY

John WinnekCushman & WakefieldMore Info
213-955-5100

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John WinnekCushman & WakefieldMore Info
213-955-5100

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