2234 E Colorado Blvd
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2234 E Colorado Blvd
8,156 SF 100% Leased Office Building Pasadena, CA 91107 $5,300,000 ($650/SF)
Investment Highlights
- HIGH-IMAGE BOUTIQUE OFFICE BUILDING FOR SALE IN WORLD-RENOWNED LOCATION - PASADENA, CA
Executive Summary
HIGH-IMAGE BOUTIQUE OFFICE BUILDING FOR SALE IN WORLD-RENOWNED LOCATION - PASADENA, CA
* Generational opportunity to acquire well-appointed office Owner/User on Colorado
Boulevard which is being made available for the first time since originally constructed.
* Positioned along the famous Rose Parade route on the most desirable street in Pasadena with direct access to world-class shopping, dining, and entertainment amenities.
* Uniquely designed building with abundant parking (3/1,000) situated on both sides of the property accessed through central breezeway. Overflow parking available through neighboring church lot providing potential for medical conversion.
CENTRALLY LOCATED WITH ABUNDANT AMENITIES
* Ability to host annual Rose Parade events or generate additional revenue by renting out parking area for spectators.
* Walk Score of 90 (Walkers Paradise): Ideally situated along the Colorado Blvd corridor of Pasadena, proximate to top retail and entertainment amenities in Old Pasadena, the South Lake Financial District, and the Playhouse District.
* East Colorado Boulevard and Sierra Madre Blvd intersection is a top thoroughfare in Pasadena with an average daily traffic count exceeding 21,000 cars (CoStar). Providing direct access to the I-210 Freeway and Metro Gold Line – Allen Station just 3 blocks north of the property.
STRONG NEIGHBORHOOD OFFICE FUNDAMENTALS
* Neighborhood office (Under 10,000 SF) has a 1.8M SF base and is out performing the overall Class A & B market by more than four-fold at a very low direct vacancy of 3.8% (CoStar) with no new product under construction.
* Limited supply in boutique office market with only ±1,300 SF available between 12 office buildings under 10K SF along Colorado Blvd between Marengo and San Gabriel Blvd.
* Generational opportunity to acquire well-appointed office Owner/User on Colorado
Boulevard which is being made available for the first time since originally constructed.
* Positioned along the famous Rose Parade route on the most desirable street in Pasadena with direct access to world-class shopping, dining, and entertainment amenities.
* Uniquely designed building with abundant parking (3/1,000) situated on both sides of the property accessed through central breezeway. Overflow parking available through neighboring church lot providing potential for medical conversion.
CENTRALLY LOCATED WITH ABUNDANT AMENITIES
* Ability to host annual Rose Parade events or generate additional revenue by renting out parking area for spectators.
* Walk Score of 90 (Walkers Paradise): Ideally situated along the Colorado Blvd corridor of Pasadena, proximate to top retail and entertainment amenities in Old Pasadena, the South Lake Financial District, and the Playhouse District.
* East Colorado Boulevard and Sierra Madre Blvd intersection is a top thoroughfare in Pasadena with an average daily traffic count exceeding 21,000 cars (CoStar). Providing direct access to the I-210 Freeway and Metro Gold Line – Allen Station just 3 blocks north of the property.
STRONG NEIGHBORHOOD OFFICE FUNDAMENTALS
* Neighborhood office (Under 10,000 SF) has a 1.8M SF base and is out performing the overall Class A & B market by more than four-fold at a very low direct vacancy of 3.8% (CoStar) with no new product under construction.
* Limited supply in boutique office market with only ±1,300 SF available between 12 office buildings under 10K SF along Colorado Blvd between Marengo and San Gabriel Blvd.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
8,156 SF
Building Class
C
Year Built
1983
Price
$5,300,000
Price Per SF
$650
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,078 SF
Building FAR
0.81
Lot Size
0.23 AC
Zoning
PSC*
Parking
42 Spaces (5 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 3,577-8,156 SF
- Office
- Full Build-Out
- 60 Days
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,577-8,156 SF | Office | Full Build-Out | 60 Days |
1st Floor
| Size |
| 3,577-8,156 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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Walk Score ®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5747-006-025 | Improvements Assessment | $1,126,898 |
| Land Assessment | $341,621 | Total Assessment | $1,468,519 |
PROPERTY TAXES
Parcel Number
5747-006-025
Land Assessment
$341,621
Improvements Assessment
$1,126,898
Total Assessment
$1,468,519
Contacts
-
Mark Shaffer -
Gerard Poutier -
Dylan Rutigliano -
Bryan Johnson -
Nick Williams -
CBRE, Inc.
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2234 E Colorado Blvd
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