Courtyard Bldg | 95 N Marengo Ave
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Courtyard Bldg 95 N Marengo Ave
25,040 SF 100% Leased Retail Building Pasadena, CA 91101 $28,349,400 CAD ($1,132 CAD/SF)
Executive Summary
- Two Story Brick Mixed Use Building currently occupied by restaurant, theatre and office tenants w/990 SF outdoor patio
- Architectural Pedigree- Sylvanus Marston & Garrett Van Pelt. Primary Architectural Style is Craftsman (Arts & Crafts)
- Located in Civic Center Historic District between Old Pasadena and Playhouse Districts and 1 block to Pasadena City Hall
- Only privately owned out of 12 buildings listed as National Register of Historic Places in the Civic Center District
- Rare generational opportunity to purchase a trophy asset in high barrier to entry market
- Next door to Memorial Park Metro A Line Station
- Affluent AHHI of $133,760 in a 1 Mi. radius and $170,210 in a 3 Mi. radius
- Innovative center of major research, science technology and incubators
- City of Pasadena Parking agreement for 65 monthly spaces in structure across street
- GROUND FLOOR 12,277 RSF occupied by Restaurant, Theatre and Office Tenant. SECOND FLOOR 6,502 RSF and LOWER LEVEL 4,529 RSF occupied by Office Tenant.
- Architectural Pedigree- Sylvanus Marston & Garrett Van Pelt. Primary Architectural Style is Craftsman (Arts & Crafts)
- Located in Civic Center Historic District between Old Pasadena and Playhouse Districts and 1 block to Pasadena City Hall
- Only privately owned out of 12 buildings listed as National Register of Historic Places in the Civic Center District
- Rare generational opportunity to purchase a trophy asset in high barrier to entry market
- Next door to Memorial Park Metro A Line Station
- Affluent AHHI of $133,760 in a 1 Mi. radius and $170,210 in a 3 Mi. radius
- Innovative center of major research, science technology and incubators
- City of Pasadena Parking agreement for 65 monthly spaces in structure across street
- GROUND FLOOR 12,277 RSF occupied by Restaurant, Theatre and Office Tenant. SECOND FLOOR 6,502 RSF and LOWER LEVEL 4,529 RSF occupied by Office Tenant.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
25,040 SF
Building Class
C
Year Built/Renovated
1922/1984
Price
$28,349,400 CAD
Price Per SF
$1,132 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.46
Land Acres
0.39 AC
Zoning
CD-MU-G - Allows for most office, medical office, retail, work live units, residential, restaurant, cultural institutions, religious & child day care uses.
Parking
65 Spaces (2.79 Spaces per 1,000 SF Leased)
Frontage
89 ft on N Marengo Ave
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5723-019-015 | Improvements Assessment | $1,459,691 CAD |
| Land Assessment | $1,122,839 CAD | Total Assessment | $2,582,530 CAD |
PROPERTY TAXES
Parcel Number
5723-019-015
Land Assessment
$1,122,839 CAD
Improvements Assessment
$1,459,691 CAD
Total Assessment
$2,582,530 CAD
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Cheryl Pestor -
NAI Capital
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Courtyard Bldg | 95 N Marengo Ave
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