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Union Savings Building 83-85 E Colorado Blvd 18,083 SF 100% Leased Retail Building Pasadena, CA 91105 $16,485,816 CAD ($911.67 CAD/SF) 6.01% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Premier LA Retail Corridor | Strong Tenant Synergy
  • Top Performing Office Market | Skilled Workforce

EXECUTIVE SUMMARY

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in the Union Savings Building, a cornerstone property in the heart of Old Pasadena. The asset, located at the intersection of N. Raymond Avenue and E. Colorado Blvd, was originally constructed in the early 1900s and has undergone a meticulous restoration that preserved its classic brick exterior, oversized windows, and original architectural detail—while introducing high-end modern finishes, state-of-the-art systems, and creative interiors that now define Pasadena’s boutique office and retail.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,083 SF
Building Class
B
Year Built/Renovated
1902/1990
Price
$16,485,816 CAD
Price Per SF
$911.67 CAD
Cap Rate
6.01%
NOI
$990,172 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.97
Lot Size
0.14 AC
Zoning
CD-MU-C-AD-1 - Commercial District - Mixed Use
Frontage
148’ on Raymond

AMENITIES

  • Bus Line
  • Signalized Intersection
  • Air Conditioning
Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

SPENGA
[solidcore]
Stretchlab
Blue Bottle Coffee
Intelligentsia Coffee
Citi
Credit Union of Southern California
The Cheesecake Factory
King Taco
Ruth's Chris Steak House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5723-024-011
Land Assessment
$1,699,227 CAD
Improvements Assessment
$5,041,509 CAD
Total Assessment
$6,740,736 CAD
  • Listing ID: 36376900

  • Date on Market: 2025-06-24

  • Last Updated:

  • Address: 83-85 E Colorado Blvd, Pasadena, CA 91105

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