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60 San Gabriel Boulevard

Captura Corp. Leases 8408 Square Feet R&D Flex Facility At 60 San Gabriel Boulevard Pasadena
LEASEDMixed-use

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

Shadd Walker

Colliers

Broker

1 deal

Broker

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