John Pollock Of Meridian Acquires Medical Office In Pasadena For $13.35M

Meridian acquired a medical office building located at 55 East California Boulevard in Pasadena, CA for $13.35 million. The property spans 32,100 square feet, resulting in a price per square foot of $416.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $13,350,000
• Square Footage: 32,100
• Address: 55 East California Boulevard
• Market: Pasadena, CA
• Price per Square Foot: $416
• Buyer: John Pollock - Meridian
• Broker Representatives: Mark Shaffer & Cody Chiarella - CBRE

The firm has secured a long-term lease with The Huntington Physicians for the entire second floor. Following the approval of zoning changes that allow medical office use, Meridian plans to implement upgrades to the Class B property including enhancements to the lobby, façade, ADA compliance, and building systems.