Pasadena Child Development Associates Leases 16K SF Medical Office Space BROKER: Tina LaMonica - NAI Capital Commercial
118 S Oak Knoll Avenue, Pasadena, California 91101, USA
Building Size
16,163 SF
Asset Type
Medical Office
Closing
Jun 7, 2023
AI
Pasadena Child Development Associates (PCDA) has leased 16,163 square feet of office and medical space in Pasadena's Central Business District. The lease includes two adjacent buildings located at 790 East Green Street and 118 South Oak Knoll Avenue. The property is situated in the medical office asset type and is part of the Pasadena market.
Summary of transation details
- Property Type: Medical Office
- Square Footage: 16,163
- Address: 790 East Green Street & 118 South Oak Knoll Avenue
- Market: Pasadena
The tenant, Pasadena Child Development Associates, was represented by Tina LaMonica of NAI Capital Commercial in this lease transaction. Tina LaMonica acted as PCDA's broker in the deal.
Players
Los Angeles Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93