Updated Oct 29, 2024
Arroyo Parkway Acquires Commercial Property In Pasadena For $100M
577 South Arroyo Parkway, Pasadena, CA, USA
$100,000,000
$1,250/SF
Building Size
80,000 SF
Asset Type
Commercial
Closing
May 5, 2019
About this deal
AI
The commercial property located at 465-577 Arroyo Pkwy in Pasadena was recently sold for a total price of $100 million. The property, which spans 80,000 square feet, was sold at a price of $1,250 per square foot.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $100M
- Price per Square Foot: $1,250
- Address: 465-577 Arroyo Pkwy, Pasadena
- Market: Pasadena
The buyer of the property is Arroyo Parkway. The deal was facilitated by David Ickovics from Commercial Asset Group.
The commercial sale at 577 South Arroyo Parkway, Pasadena, CA, USA in Pasadena, California sold for $100M in 2019. The building is 80,000 square feet, implying about 1.3K per square foot on the published price. Named participants on the 577 South Arroyo Parkway, Pasadena, CA, USA sale are David Ickovics. This page is the Pasadena, California file for the 577 South Arroyo Parkway, Pasadena, CA, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Pasadena sit in the Market section below. Filter that Pasadena commercial set by closing date to see what else sold near 577 South Arroyo Parkway, Pasadena, CA, USA around 2019. Published consideration for 577 South Arroyo Parkway, Pasadena, CA, USA is $100M, dated 2019. Cite this Arroyo Parkway Acquires Commercial Property In Pasadena For $100M sale when underwriting similar commercial product around Pasadena, California.
On the Map
$100,000,000
$1,250/SF
Commercial
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Pasadena Commercial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93