Rare Campus Adjacent Outpatient Medical Building – Pasadena, CA * Rare opportunity to acquire a purpose-built outpatient medical building proximate to Huntington Hospital (5-minute walk; 0.2 miles away). * First time made available for sale since the building was built in 1982. Value-add Opportunity with Stable In-Place Cash Flow and Tremendous Upside * 50% leased to 3 tenants with a weighted average lease term remaining of 4.7 years. High historical occupancy with a weighted average lease term lapsed of ~15 years. * Immediate upside through lease up of 16,225 SF vacant space and nearly triple NOI. Future upside in rolling rents to a market level which are approximately 24.4% below market for 33.7% of the building rolling in 2029. * Further boost cash flow by installing an automated parking system which will drop parking expenses and increase revenue. Ideal for Owner/User * Owner/user may immediately occupy the vacant 16,225 SF and enjoy the durable in-place below market cash flow. Pride of Ownership Asset * Over $1.6MM in recent renovations and capital improvements inclusive of but not limited to: Upgrade modernized elevators New boiler New cooling tower New 15-year roof coating ADA upgrades Various minor maintenance items and market-ready suite improvements Top Outpatient Medical Market in Metro LA Area * One of the top performing outpatient medical markets in the Metro LA area, the Pasadena medical office market consists of ±771,681 SF across 13 buildings with a very low direct vacancy rate of 5.8% and some of the highest average rents in the region. * The property greatly benefits from proximity to Huntington Hospital, the primary market demand driver in this area. Huntington Hospital recently formed a significant partnership with Cedars Sinai Health System to further enhance Huntington’s ability to provide premier accessible care to the San Gabriel Valley.