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: For Sale

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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