45 Colorado Blvd Pasadena, CA 91105
Prime Old Pasadena storefront, high cap rate.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Prime Old Pasadena location on Colorado Blvd, between Fair Oaks and Raymond Avenues.
- 6,884 SF two-story retail building with a 2,276 SF finished basement on a 2,867 SF lot.
- 32% occupied by Romantix with a new 10-year lease featuring annual rent increases.
- Two significant vacancies: a 2,422 SF rent-ready second-floor office and a 2,276 SF finished basement.
- 6.57% pro-forma cap rate and $269,370 pro-forma NOI, asking price $4,250,000 ($617.37/SF).
Property Details for 45 Colorado Blvd
- Property type
- Retail properties, Retail space
- Square Feet
- 6,884 SF
- Year Built
- 1919
- Stories
- 2
Location Insight
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Latitude
- 34.1460442
- Longitude
- -118.1494912
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Prime Old Pasadena storefront, high cap rate.
- Where is the retail property located?
- The property is located at 45 Colorado Blvd Pasadena, CA.
- What is the asking price?
- The asking price for this property is $4,250,000.
- What are key features of this property?
- This property features: Prime Old Pasadena location on Colorado Blvd, between Fair Oaks and Raymond Avenues.; 6,884 SF two-story retail building with a 2,276 SF finished basement on a 2,867 SF lot.; 32% occupied by Romantix with a new 10-year lease featuring annual rent increases.
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