Fremont Center Theatre & Office Building | 1000 Fremont Ave
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Fremont Center Theatre & Office Building 1000 Fremont Ave
12,057 SF 100% Leased Office Building South Pasadena, CA 91030 $5,400,000 ($448/SF) 7.14% Cap Rate
Executive Summary
The Fremont Center Theatre & Office Building
Built in 1925, this once in a generation investment pride of ownership opportunity has a long-storied past, first as a mortuary and then repurposed for what felt like were it’s roots as a live performing arts theater space. The well established (22) office, retail, and service tenants on 2 floors are anchored by an interior beautiful courtyard and an absolute “best of” restaurant with Fiore Café and their magnificent outdoor garden space. The Fremont Center Theatre & Office Building (cherished by the existing beloved operators and other legends who called it home including Ray Bradbury) is an absolute irreplaceable trophy asset in the heart of historic South Pasadena. Large long term leased parking lot comes with the sale.
Built in 1925, this once in a generation investment pride of ownership opportunity has a long-storied past, first as a mortuary and then repurposed for what felt like were it’s roots as a live performing arts theater space. The well established (22) office, retail, and service tenants on 2 floors are anchored by an interior beautiful courtyard and an absolute “best of” restaurant with Fiore Café and their magnificent outdoor garden space. The Fremont Center Theatre & Office Building (cherished by the existing beloved operators and other legends who called it home including Ray Bradbury) is an absolute irreplaceable trophy asset in the heart of historic South Pasadena. Large long term leased parking lot comes with the sale.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
12,057 SF
Building Class
C
Year Built
1925
Price
$5,400,000
Price Per SF
$448
Cap Rate
7.14%
NOI
$385,459
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,479 SF
Building FAR
0.58
Land Acres
0.48 AC
Zoning
SPC1
Parking
31 Spaces (2.57 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Central Heating
- Air Conditioning
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 5315-003-028 | Improvements Assessment | $700,233 |
| Land Assessment | $1,181,838 | Total Assessment | $1,882,071 |
PROPERTY TAXES
Parcel Number
5315-003-028
Land Assessment
$1,181,838
Improvements Assessment
$700,233
Total Assessment
$1,882,071
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Fremont Center Theatre & Office Building | 1000 Fremont Ave
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