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Investment Highlights

  • This expansive property spans 24,067 square feet of improvement on 60,092 square feet of land.
  • An exceptional investment opportunity, with a strong history of steady rental income and potential for further development
  • Situated in the bustling heart of Pasadena, this property enjoys prime positioning along the renowned Colorado Boulevard.

Executive Summary

Coldwell Banker Commercial is pleased to present an exceptional value-added commercial opportunity at 1130 E Colorado Blvd in Pasadena, California. This expansive property spans 24,067 square feet of improvement on 60,092 square feet of land. Situated in the bustling heart of Pasadena, this property enjoys prime positioning along the renowned Colorado Boulevard. Its strategic location offers high visibility and easy access, surrounded by a vibrant community and within proximity to major transportation routes. This property presents an exceptional investment opportunity, with a strong history of steady rental income and potential for further development. The thriving local economy and growing demand for commercial spaces in Pasadena make this an attractive prospect for investors seeking long-term returns.

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Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,076 SF
Building Class
C
Year Built
1999
Price
$16,275,630 CAD
Price Per SF
$676.01 CAD
Cap Rate
5.71%
NOI
$929,578 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.40
Lot Size
1.38 AC
Zoning
CG - General Commercial
Parking
72 Spaces (2.99 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100

Nearby Major Retailers

Dream Dinners
Lee's Sandwiches
US Bank
Columbia Bank
Bank of America
Citizens Business Bank
Chase Bank
First Foundation
Pita Pit
Yoshinoya

Property Taxes

Property Taxes

Parcel Number
5735-012-017
Land Assessment
$9,984,327 CAD
Improvements Assessment
$7,036,572 CAD
Total Assessment
$17,020,899 CAD
  • Listing ID: 30684979

  • Date on Market: 2024-01-17

  • Last Updated:

  • Address: 1130 E Colorado Blvd, Pasadena, CA 91106

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