442-452 N Los Robles Ave
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442-452 N Los Robles Ave
31,000 SF 100% Leased Retail Building Pasadena, CA 91101 $17,000,000 ($548/SF)
Investment Highlights
- Walking distance to Lake Avenue Metro Station & Old Town Pasadena
- Immediate access to the Foothill I-210 Freeway
- Excellent visibility along N. Los Robles Avenue
- Potential for owner-user, adaptive reuse, or a mixed-use residential development
Executive Summary
NAI Capital is pleased to present an opportunity to purchase a 31,100 square foot retail / commercial building on ±2.42 acres of land for a myriad of scenarios: owner-user, adaptive reuse, or a mixed-use residential development in an desirable Pasadena location.
452 N. Los Robles Avenue is walking distance to the Lake Avenue Metro Station and Old Town Pasadena. The subject site boasts excellent visibility along N. Los Robles Avenue with immediate access to the Foothill I-210 Freeway.
The City of Pasadena is home to more than 141K residents and nearly 60K households while approximately 556K people and 207K households reside within a five-mile radius of the subject property. The City and the area around the property expect to grow 0.7%, adding nearly 2K households through 2025.
Pasadena offers a unique opportunity to live, work, and play in a vibrant urban setting featuring an authentic downtown experience. It features a walker friendly environment with convenient metro transportation to nearby employment, education and entertainment. Since the year 2000, over 5,000 new luxury apartments and condos have been completed, including Archstone Del Mar Station, The Raymond Renaissance, Park View at Old Pasadena, 80 N. Raymond, DeLacey at Green, Catania Pasadena, Terraces at Paseo Colorado, Residencies at Westgate, and Old Pasadena Collection: Messina & Palermo. With cafes and restaurants on many corners, fantastic an urban-chic lifestyle.
452 N. Los Robles Avenue is walking distance to the Lake Avenue Metro Station and Old Town Pasadena. The subject site boasts excellent visibility along N. Los Robles Avenue with immediate access to the Foothill I-210 Freeway.
The City of Pasadena is home to more than 141K residents and nearly 60K households while approximately 556K people and 207K households reside within a five-mile radius of the subject property. The City and the area around the property expect to grow 0.7%, adding nearly 2K households through 2025.
Pasadena offers a unique opportunity to live, work, and play in a vibrant urban setting featuring an authentic downtown experience. It features a walker friendly environment with convenient metro transportation to nearby employment, education and entertainment. Since the year 2000, over 5,000 new luxury apartments and condos have been completed, including Archstone Del Mar Station, The Raymond Renaissance, Park View at Old Pasadena, 80 N. Raymond, DeLacey at Green, Catania Pasadena, Terraces at Paseo Colorado, Residencies at Westgate, and Old Pasadena Collection: Messina & Palermo. With cafes and restaurants on many corners, fantastic an urban-chic lifestyle.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
31,000 SF
Building Class
C
Year Built
1965
Price
$17,000,000
Price Per SF
$548
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.29
Lot Size
2.42 AC
Zoning
CL-1PS - Medium Mixed Use
Parking
120 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
296 FT on N Los Robles Ave
Amenities
- Bus Line
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (80)
Bike Score ®
Biker's Paradise (91)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5731-021-042 | Improvements Assessment | $744,086 |
Land Assessment | $1,852,255 | Total Assessment | $2,596,341 |
PROPERTY TAXES
Parcel Number
5731-021-042
Land Assessment
$1,852,255
Improvements Assessment
$744,086
Total Assessment
$2,596,341
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442-452 N Los Robles Ave
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