Captura Corp. Leases 8408 Square Feet R&D Flex Facility At 60 San Gabriel Boulevard Pasadena
60 San Gabriel Boulevard
Building Size
8,408 SF
Asset Type
Mixed-use
Closing
Dec 6, 2024
AI
Captura Corp. has leased a mixed-use facility at 60 San Gabriel Boulevard in Pasadena, consisting of 8,408 square feet. The property features advanced lab upgrades and is strategically located near Caltech, supporting Captura's focus on ocean carbon removal research and engineering.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 60 San Gabriel Boulevard
- Market: Pasadena
- Landlord: San Gabriel Capital, LP
- Tenant: Steve Oldham - Captura Corp.
- Landlord's Representative: Guillermo Olaiz & John Archibald - NAI Capital
- Tenant's Representative: Shadd Walker - Colliers
The leasing transaction was facilitated by Shadd Walker representing Captura Corp., while the landlord, San Gabriel Capital, LP, was represented by Guillermo Olaiz and John Archibald from NAI Capital. The combination of their expertise contributed to the successful lease of the facility tailored to support specialized research initiatives.
Players
Pasadena Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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