For Sale
$5,200,000

2713 Colorado BlvdPasadena, CA 91107

High-yield multi-tenant retail building

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Pasadena investment opportunity presents a 3,674 square foot multi-tenant retail building situated at the signalized intersection of San Gabriel Boulevard and Colorado Boulevard. The property features a diverse tenant mix, anchored by a corporate-owned 7-Eleven, ensuring consistent revenue generation. A thriving health spa and a billboard lease further diversify income streams, mitigating risk and maximizing returns. The 100% occupancy rate underscores the property's strong performance and desirability. The building is classified as Class C, with a Net Lease (NNN) structure. The 0.284-acre lot offers high visibility and accessibility in a high-traffic area. The asking price is $5,200,000, translating to $1,415.35 per square foot. The property's prime location, combined with its stable and diverse tenancy, makes it an attractive investment for those seeking a reliable and consistent income stream. The billboard lease includes a rent escalation clause every five years, providing additional long-term growth potential. This is a rare opportunity to acquire a well-performing retail property in a desirable Pasadena location with a strong anchor tenant and diversified income streams. The property's APN is 5748-008-009. This multi-tenant building offers a secure investment with a proven track record of success.

Highlights

  • Rare investment opportunity: Multi-tenant retail building at signalized intersection of San Gabriel Blvd and Colorado Blvd, Pasadena, CA.
  • Strong anchor tenant: Corporate-owned 7-Eleven provides stable income.
  • Diverse income streams: 7-Eleven, health spa, and billboard leases mitigate risk.
  • Stable billboard lease: Provides dependable income with rent escalation every five years.
  • Consistent income: Prime location and tenant mix ensure reliable cash flow.

Property Details for 2713 Colorado Blvd

Property type
Retail properties, Land
Square Feet
3,674 SF
Class
C
Lot Size (sq. ft)
12,371 SF

Location Insight

City
Pasadena
County
Los Angeles
State
California
Latitude
34.146213280835
Longitude
-118.09432954761
2713 Colorado Blvd, Pasadena, California

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2713 Colorado Blvd
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