345 Lake AvePasadena, CA 91101

Property Details for 345 Lake Ave

Year built

2002

Construction

CONCRETE

Lot size

2.55 AC

Property size (Sq ft)

75,366 SF

Zone code

PSR*

Property type

Retail properties

Property subtype

Super regional malls

APN

5734-032-004

APU

5734032004

Description

The Shops on Lake Avenue, a prime retail center in Pasadena, California, offers exceptional leasing opportunities. Located at 345-455 S Lake Avenue, 91101, this 127,128 square foot shopping center sits on a 7.23-acre lot in Los Angeles County. Multiple spaces are available, ranging from a minimum of 2,580 square feet to a maximum contiguous space of 13,844 square feet. Currently, there is 23,600 square feet of vacant space ready for immediate occupancy. This presents a unique chance for businesses seeking high-visibility locations in a thriving Pasadena market. The property's strategic location provides excellent access to major transportation routes and a dense population base. The Shops on Lake Avenue is a well-established center with a proven track record of success, making it an ideal investment for retailers seeking a strong presence in a desirable area. The property is classified as a retail shopping center with multiple tenancies. This presents a flexible opportunity for businesses of various sizes and types. Interested parties are encouraged to inquire about available spaces and lease terms. Don't miss this chance to secure your place in this vibrant Pasadena retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $29,686,624

  6.5%

  $27,403,038

  7%

  $25,445,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,965,252

  Geo Method

  $36,115,628

• Alternative Use

  Use

  Valuation

  Residential

  $23,115,488

  Hospitality

  $21,173,662

  Educational

  $17,616,238

  Medical

  $18,222,088

  Retail

  $27,403,038

Location Insight

City

Pasadena

County

Los Angeles

State

California

Latitude

34.1399

Longitude

-118.133

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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