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
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.
Pasadena Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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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