Coldwell Banker Commercial is pleased to present a fully occupied retail strip center in East Pasadena. This property was completely renovated in 2016 with a new, clean and secure parking lot. It's an ideal location as it is 0.3 miles off the 210 Freeway entrance and the Allen Avenue Metro Gold Line Station, has a traffic count of 16,000 cars daily and is located just blocks from Pasadena City College. Right next door is the beautiful Luxe apartments complex with 131 apartment units, recently built in 2016. This property is ideal for an investor who wants to be in the path of progress on this important Pasadena corridor.
|Cap Rate Percentage||4.5|
|Style||Retail Bldg -Local Strip|
|Building Size||5,350 SF|
|Lot Size||0.38 AC|
• Totally Renovated in 2016 • 0.3 Miles from the 210 Freeway Exit / Allen Avenue Gold Line Station • Blocks from PCC • Building has had New: ADA complaint bathrooms, ADA compliant ramp and walkway, drains and sewer line, rear doors are ADA complaint, plumbing from meter throughout building, electrical panels and wiring throughout, new roof is Code-24 compliant, new lighting, new exterior and interior paint, landscape and water-conserving drip irrigation • ADA compliant parking lot completed in 2017 • Pharmacy serves as a stable anchor for the property with a long-term leaseArea Description