Log In/Sign Up
Your email has been sent.
Cycle Gear | Pasadena Premier Retail Corridor 414 S Lake Ave 8,500 SF Retail Building Pasadena, CA 91101 $7,536,572 CAD ($886.66 CAD/SF) 5.31% Cap Rate



INVESTMENT HIGHLIGHTS
- Premier Pasadena Retail Corridor | Strong Tenant Synergy
- High-Density Trade Area | Affluent Consumer Base
EXECUTIVE SUMMARY
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in 414 South Lake Avenue, a rare single-tenant retail asset ideally situated along one of Pasadena’s premier retail corridors. The property boasts 50 feet of street frontage on South Lake Avenue and encompasses 7,000 square feet of ground-floor retail space plus an additional 1,500 square feet of second-floor office space. The tenant, Cycle Gear is a leading national retailer of motorcycle apparel and accessories with 165+ locations nationwide. The tenant has approximately 6 years remaining, with 2 (5-year) renewal options The subject property represents a strategically positioned brand location within a premier Southern California retail market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
8,500 SF
Building Class
C
Year Built/Renovated
1962/2022
Price
$7,536,572 CAD
Price Per SF
$886.66 CAD
Cap Rate
5.31%
NOI
$400,214 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.93
Lot Size
0.21 AC
Zoning
PSC
Parking
3 Spaces (0.43 Spaces per 1,000 SF Leased)
Frontage
50’ on S Lake Ave
AMENITIES
- Bus Line
- Food Court
- Signalized Intersection
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5735-031-006 | Improvements Assessment | $2,418,709 CAD |
| Land Assessment | $3,070,776 CAD | Total Assessment | $5,489,485 CAD |
PROPERTY TAXES
Parcel Number
5735-031-006
Land Assessment
$3,070,776 CAD
Improvements Assessment
$2,418,709 CAD
Total Assessment
$5,489,485 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Cycle Gear | Pasadena Premier Retail Corridor | 414 S Lake Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
