Owner-User Retail/Office/Mixed Use | 911 E Colorado Blvd
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Owner-User Retail/Office/Mixed Use 911 E Colorado Blvd
24,956 SF Office Building Pasadena, CA 91106 $14,800,000 ($593/SF)
INVESTMENT HIGHLIGHTS
- Located in the heart of the Playhouse Village Historic Arts District just 1 parcel east of busiest intersection in Pasadena
- Traffic volume of over 52,931cars per day in each direction. Easy access is 2 blocks from Rt-210/134 FWY
- Multi-deck parking to rear of property
- Convenient access to the ARTS bus, 2 blocks to Gold Line’s Lake Avenue Station.
EXECUTIVE SUMMARY
NAI Capital Commercial, as exclusive advisor, is pleased to present the opportunity for an owner-user / investor to acquire the fee simple interest in 911 E. Colorado Blvd., Pasadena, CA 91106, a freestanding ±24,956 rentable square foot, 3 story, commercial building located at one parcel east of the NEC of Colorado Blvd. and Lake Avenue, the highest traffic count intersection in Pasadena.
This Playhouse District landmark building has available to and owner-user the 2nd and 3rd floors plus ±6,680 RSF of Lower Level offices and storage areas. Included in the ±12,892 RSF on the 2nd and 3rd floors is a ±3,385 SF 2nd floor office tenant with a lease to 3/31/2027 that can be cancelled with a 90 day notice for an owner-user or can continue as a tenant. The 5,284 RSF Ground Floor is leased to LifeSource Water Systems through 06/30/2030 with a 5 year option at FMV, allowing an owner-user to purchase the property and mitigate their occupancy costs through collection of rent as well as appreciation and tax benefits.
This Playhouse District landmark building has available to and owner-user the 2nd and 3rd floors plus ±6,680 RSF of Lower Level offices and storage areas. Included in the ±12,892 RSF on the 2nd and 3rd floors is a ±3,385 SF 2nd floor office tenant with a lease to 3/31/2027 that can be cancelled with a 90 day notice for an owner-user or can continue as a tenant. The 5,284 RSF Ground Floor is leased to LifeSource Water Systems through 06/30/2030 with a 5 year option at FMV, allowing an owner-user to purchase the property and mitigate their occupancy costs through collection of rent as well as appreciation and tax benefits.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
24,956 SF
Building Class
B
Year Built/Renovated
1926/1984
Price
$14,800,000
Price Per SF
$593
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,000 SF
Building FAR
3.21
Lot Size
0.18 AC
Zoning
CD-MU-G
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 5738-008-065 | Improvements Assessment | $3,537,360 (2024) |
| Land Assessment | $1,196,460 (2024) | Total Assessment | $4,733,820 (2024) |
PROPERTY TAXES
Parcel Number
5738-008-065
Land Assessment
$1,196,460 (2024)
Improvements Assessment
$3,537,360 (2024)
Total Assessment
$4,733,820 (2024)
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Owner-User Retail/Office/Mixed Use | 911 E Colorado Blvd
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