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Faits saillants de l'investissement
- Concept Design Approval
- Walkable Amenities
- Owner-User Financing
- Premier Location
- Full-Floor Availability
- Infill Scarcity
Résumé de l'annonce
CBRE is pleased to present 141 S Lake Avenue, a 2-story, a 27,220 SF mixed-use retail and office building situated on 1.27 acres along South Lake Avenue in Pasadena, California. The Property presents a compelling opportunity for an owner-user seeking a prominent South Lake Avenue address, an investor looking to capitalize on below-market in-place income, or a developer looking to advance a well-positioned mixed-use project. Anchored by Celestino's, the Property benefits from existing cash flow while offering significant upside through lease-up, renovation, or redevelopment.
A conceptual development plan has received Concept Design Approval from the City of Pasadena, a meaningful milestone that reflects City support for the project vision and provides a qualified developer with a significant head start in the entitlement process. The approved concept envisions a 134-unit mixed-use project with 16 affordable units, comprised of 6 very low income and 10 moderate income units, a favorable affordability structure that meaningfully improves project economics relative to comparable sites in the submarket.
The Property is being marketed without an asking price. Offers will be negotiated as received and please direct all inquiries to the investment advisors listed in this offering.
A conceptual development plan has received Concept Design Approval from the City of Pasadena, a meaningful milestone that reflects City support for the project vision and provides a qualified developer with a significant head start in the entitlement process. The approved concept envisions a 134-unit mixed-use project with 16 affordable units, comprised of 6 very low income and 10 moderate income units, a favorable affordability structure that meaningfully improves project economics relative to comparable sites in the submarket.
The Property is being marketed without an asking price. Offers will be negotiated as received and please direct all inquiries to the investment advisors listed in this offering.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Taille du bâtiment
27 220 pi²
Classe d’immeuble
B
Année de construction
1979
Pourcentage loué
46%
Location
Multiples
Hauteur du bâtiment
2 étages
Superficie de plancher typique
13 610 pi²
Coefficient d’occupation des sols de l’immeuble
0,49
Taille du lot
1,27 AC
Zonage
CD-MU-G - Commercial
Stationnement
69 places (3,04 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Atrium
- Service d'alimentation
1 1
Très praticable à pied
80/100
Exceptionnellement facile d'accès en voiture
100/100
Bons transports en commun
70/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 5734-035-031 | Évaluation des bâtiments | 13 025 162 $ CAD |
| Évaluation du terrain | 10 366 318 $ CAD | Évaluation totale | 23 391 480 $ CAD |
Impôts fonciers
Numéro de lot
5734-035-031
Évaluation du terrain
10 366 318 $ CAD
Évaluation des bâtiments
13 025 162 $ CAD
Évaluation totale
23 391 480 $ CAD
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Présenté par
141 S Lake Ave
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