DFTC Acquires Mixed-Use Property In Pasadena From G&C Frost For $8M

The property involved in the transaction is a 12,744 sq. ft. retail/office building located at 130 East Colorado Boulevard in Pasadena. The two-story building, constructed in 1952 and updated in 2011, offers 46 parking spots and prime frontage along the Rose Parade route. Situated in Pasadena's bustling downtown core, the property attracted various investors due to its revitalization potential.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,000,000
• Market: Pasadena
• Acres: 0.53
• Buyer: DFTC
• Seller: G&C Frost Company

Kyle Barratt from CBRE represented the seller, G&C Frost Company, in the $8 million sale of the property to DFTC, Inc. This transaction marked the first time in 150 years that the property was on the market, showcasing the historical significance of the deal. The property, with its historical background and strategic location, presented a unique investment opportunity in Old Town Pasadena.