Updated Oct 29, 2024
Newmark Knight Frank Capital Acquires Mixed-Use Property In Pasadena For $16.1M
1 E Colorado Blvd, Pasadena, CA 91105, USA
$16,100,000
$520/SF
Building Size
30,955 SF
Asset Type
Mixed-use
Closing
May 6, 2020
About this deal
AI
Located at 1 E. Colorado Blvd in Pasadena, this mixed-use property has recently been sold in a closed transaction. The property spans a total area of 30,955 square feet and consists of both commercial and residential spaces.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $16,100,000
- Price per Square Foot: $520
The buyer's representatives for this transaction were Rob Ippolito, Glenn Rudy, and Pete Bethea from Newmark Knight Frank Capital Markets. They played a pivotal role in facilitating the deal on behalf of the buyer.
The seller, Federal Realty Investment Trust, enlisted the expertise of Carlos Lopez and Lee Csenar as their representatives in this transaction. They worked diligently to secure the sale of the property.
Players
Pasadena Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93