1373-1393 E Walnut St
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1373-1393 E Walnut St
6,000 SF 100% Leased Retail Building Pasadena, CA 91106 $7,544,550 CAD ($1,257 CAD/SF)
Investment Highlights
- Los Angeles MSA
- Strong Credit Tenant
- Affluent Community with Attractive Demographics
- Rare Opportunity at Signalized Corner with Cross Traffic VPD Exceeding 60,000
Executive Summary
Stan Johnson Company (“SJC”), on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the rare 100% fee simple interest in the twotenant commercial property, located at 1373 E Walnut Street, Pasadena, CA (“The Property”). The Property is positioned on a signalized corner one block between the Historic Route 66 and Interstate 210 and is comprised of two buildings on 0.53 acres. The availability to acquire such a rare asset could very well be a once in a lifetime opportunity as many real estate properties in a prime area like Pasadena are held through multiple generations. Over the last decade, land values in the area have more than doubled and are expected to continue to rise. The dual tenancy of Discount Tire Centers and Safelite AutoGlass offers a synergistic tenant mix. Both companies are well established in the auto service industry. Safelite is the nation’s largest provider in vehicle glass repair and served 6 million customers across its 7,200 locations in 2018. Discount Tire Centers is a respected operator in California for the last 40 years and has grown to 36 locations.
Property Facts Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,000 SF
Building Class
C
Year Built
1979
Price
$7,544,550 CAD
Price Per SF
$1,257 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.53 AC
Zoning
CG1
Parking
6.67 Spaces per 1,000 SF Leased
Frontage
200 ft on E Walnut
Amenities
- Bus Line
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Discount Tire Centers
- -
- 2,779 SF
- -
- Dec 2022
- Safelite Auto Glass
- -
- 2,739 SF
- -
- Jun 2023
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
Discount Tire Centers | - | 2,779 SF | - | Dec 2022 | ||
Safelite Auto Glass | - | 2,739 SF | - | Jun 2023 |
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5738-016-030 | Improvements Assessment | $366,165 CAD |
Land Assessment | $1,361,720 CAD | Total Assessment | $1,727,886 CAD |
PROPERTY TAXES
Parcel Number
5738-016-030
Land Assessment
$1,361,720 CAD
Improvements Assessment
$366,165 CAD
Total Assessment
$1,727,886 CAD
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1373-1393 E Walnut St
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