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408 & 422 S Pasadena Avenue

2 Flex Properties in Pasadena, CA

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Investment Highlights

Over 90% leased with in-place rents ~15% below market
32 Parking spaces with multiple points of ingress and egress

Individually metered units with 8'x8' roll up door, 18' clear heights in warehouse, and skylights
Prominent corner visibility

Executive Summary

CBRE, Inc. presents an exceptional opportunity to acquire a rare two-building portfolio located at 408 & 422 S Pasadena Avenue, Pasadena, CA 91105 (“Property”). This unique assemblage is comprised of two (2) free-standing flex properties totaling 15,165 sf situated on over ½ ac of land. These masonry block buildings, built in 1989 and 1955, feature ~32 parking spaces with multiple points of ingress and egress. Over 90% leased with in-place rents ~15% below market and a weighted average lease term of 1.59 years, this Property provides significant near term upside for investors.

Property Facts

Sale Type	Investment or Owner User	Individually For Sale	0
Status	Active	Total Building Size	14,780 SF
Number of Properties	2	Total Land Area	0.58 AC

Sale Type	Investment or Owner User
Status	Active
Number of Properties	2
Individually For Sale	0
Total Building Size	14,780 SF
Total Land Area	0.58 AC

Properties

Property Name / Address	Property Type	Size	Year Built	Individual Price
422 S Pasadena Ave, Pasadena, CA 91105	Flex	6,380 SF	1955	-
408 S Pasadena Ave, Pasadena, CA 91105	Flex	8,400 SF	1989	-

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