Pasadena Strip Center

    • $2,850,000
    488-504 N Allen Ave - Pasadena, CA
    Under Contract

    Pasadena Strip Center

    488-504 N Allen Ave - Pasadena, CA
    • $2,850,000

    Property Highlights

    • 100% Leased Retail Center
    • Located in Historic Pasadena, California
    • All Tenants are E-commerce Resistant
    • Upside in Converting All Leases to True Triple Net Pushing Yield to Nearly 6%
    • Maintained 90% Occupancy Even During Recession
    • Densely Populated Residential Trade Area (184,998 Residents within 3-Miles)
    • Daytime Population within 3-Miles more than 229,000 People
    • Affluent Trade Area with Average Household Income Exceeding $115,503
    • Located Less than A Quarter Mile From 210 Freeway with Over 288,000 VPD

    Broker of Record
    Enrique Wong
    Regional Manager, Los Angeles
    [email protected]
    License: 01172596

    Details

    • Price: $2,850,000
    • Year Built: 2007
    • Property Type: Multi-Tenant
    • Property Status: Under Contract

    Additional details

    • Price/SF: $328.00
    • Cap Rate: 4.9%
    • Lot Size: .21 AC
    • Rentable Area: 8,690 SF
    • Parking Ratio: 4.89 / 1,000 SF
    • Zoning: C-2
    • APN/Parcel ID: 5745-012-050
    • Cross Streets: Allen Ave & Villa St
    • Address 488-504 N Allen Ave
    • City Pasadena
    • State/county California
    • Zip/Postal Code 91106

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