1130 Colorado BlvdPasadena, CA 91106

This exceptional investment opportunity presents a single-tenant, net-leased (NNN) shopping center located at 1130 E. Colorado Blvd., Pasadena, CA 91106. The property boasts a 24,076 square foot building situated on a 1.38-acre lot, currently occupied by Office Depot under a NNN lease with 5 years remaining. The asking price is $12,900,000, representing a price per square foot of $623.03. The property features a current Net Operating Income (NOI) of $679,665, yielding a 5.27% cap rate. A pro-forma NOI of $747,560 projects a 5.80% cap rate, reflecting a 10% rent bump. Built in 1999 and renovated the same year, this single-story building sits on three parcels and is zoned EC-MU-C. The property offers exceptional value and stability due to its strong tenant, long lease term, and prime location in Pasadena, Los Angeles County. The 100% occupancy ensures immediate cash flow, making this an attractive investment for discerning buyers seeking a secure and profitable retail asset. The property's location on Colorado Boulevard provides high visibility and accessibility.