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MIXED-USE PROPERTY IN SOUTH PASADENA SELLS FOR $8 MILLION

FOR IMMEDIATE RELEASE

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South Pasadena. Calif. (April 18, 2022) – Coldwell Banker Commercial represented the seller in the sale of a mixed-use property located at 601 – 605 Mission St. and 912 Palm Ave. in South Pasadena, Calif. The transaction was valued at $8 million. The buyer is an artist.

Alexander Banks and Bill Ukropina, CRE, commercial real estate professionals affiliated with Coldwell Banker Commercial Realty, represented the seller. Ukropina was one of Coldwell Banker Commercial’s top 5 sales professionals globally for 2021.

The building was constructed in 1937 and measures 22,750 square feet. It has office and light industrial use capabilities and includes one drive-in door and one dock-high loading door.

“With a prominent corner identity and easy access to the 110 Freeway, and the Metro Gold Line Station just two blocks east, I believe the new owner’s proposed use for the property will accentuate the already alluring charm and character that South Pasadena has preserved, serving as another eclectic asset for the residents of South Pasadena to enjoy, as well as a newly sought-after destination for the surrounding communities,” said Banks.

About Coldwell Banker Commercial Realty

Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.

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