| Property Use Type: | Investment |
| Type: | Office Medical Office |
| Building Size: | 27,952 SF |
| Lot Size: | 32,000 SF |
| Occupancy: | 95.00% |
| Price: | $5,950,000 |
| Price/SF: | $212.86 |
| Cap Rate: | 8.54% |
Property Description:
MOTIVATED SELLER! Premier Pasadena Professional Office Medical Building. Located in Playhouse District. Current Rents 49% below Market. Market Cap at $2.25 rents would be 8.54. Cash on Cash at market is approx. 10%. Current Cap 5.24 with rents in the $1 range! Zoned RM-48 - CD-3 for mixed use Development (commercial, multi-family, senior, residential etc.). Tremendous Development Opportunity potential. Steal Opportunity for Buyer Seller is motivated for clean deal. Building Size per owner TBV. Bring Offers!!
Net Operating Income:$508,130
Tenancy Type: Multiple
No Debt & Equity Information Provided
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