Pasadena Flex Portfolio FOR SALE


Pasadena, CA - Lamanda Park
$16,180,000 USD
949-355-1979
, Pasadena, CA for Sale
$16,180,000 USD
FOR SALE
1/17
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Pasadena Flex Portfolio
Pasadena, CA
Lamanda Park


HIGHLIGHTS

  • Owner User. Ideal for R&D, Warehousing, Industrial, Flex, or Service Users
  • 31,619 Square Foot Portfolio. 11,020 Square Foot Ready for Immediate Occupancy.
  • Equipped with Paint Booth, Office Space, Loading Doors
  • 1.03 Acres of Land
  • Current NOI: $533,300
  • Little To No Deferred Maintenance

OVERVIEW

NAI Capital, as exclusive advisors to ownership, is pleased to present fee simple ownership in this multi-tenant flex/industrial campus in the City of Pasadena. The properties close proximity to the California Institiute of Technology (Caltech) has proven to be an ideal creative campus for research, development, and life sciences uses. This offering consists of 3 buildings, totaling 31,619 square feet and 1.03 acres of land. Great owner user opportunity. 89-91 N San Gabriel Blvd offers 11,020 SF of industrial / flex space ready for immediate occupancy. This building is perfect for R&D, light manufacturing, service, and warehousing. It is equipped with polished concrete floors, exposed ceiling (21’ clearance), 3,400 square feet of office space, 3x ground level loading doors, 20" clear height, 400A Power, 3x Marathon Paint Finishing Booths, 1x Despatch Oven, hanging electrical + air supply lines, and is HVAC equipped throughout. A complete roof replacement was also done in 2020. This space was formerly occupied by Materia Inc. 2670-74 Walnut St. consists of 20,599 square feet of fully leased creative research and development space. The tenant leases expire in 2026, 2026, and 2028 respectively, with options to extend. One roof replaced in 2016 and the other re-coated in 2021. The current tenants are Glassimetal technologies, Scaled Science Partners, and Fluid Efficiency. There is significant demand and low supply for creative industrial spaces within the Pasadena submarket. This makes this an attractive option for research and development, warehousing, industrial users, and headquarters,

ASK ABOUT THIS PROPERTY

Alex TohidianNAI CapitalMore Info
949-355-1979

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Alex TohidianNAI CapitalMore Info
949-355-1979

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