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

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SOLD
$8,000,000

California

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Mixed-use12,744 SF
Sold 05/10/2024
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Property Image
SOLD

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

130 East Colorado Boulevard

See Similar Deals
Mixed-use12,744 SF
Sold 05/10/2024
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$627
Total Square Footage:12,744 SF
Transaction Type:Sale

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.

Players

KB
CBRE
Kyle Barratt
4 deals$46.5M volume(818) 300-4742
BROKER

Details

SOLD
IMAGE: Kyle Barratt DATE: 05/10/2024 ADDRESS: 130 East Colorado Boulevard MARKET: Pasadena ASSET TYPE: Mixed-use ~ ACRES: 0.53 BUYER: DFTC SELLER: G&C Frost Company BROKER: Kyle Barratt - CBRE (@CBRE) SALE PRICE: $8,000,000 SF: 12,744 ~ PPSF: $628 NOTE: CBRE facilitated the $8 million sale of a 12,744 sq. ft. retail/office building at 130 E. Colorado Blvd. in Old Town Pasadena to DFTC, Inc., with Kyle Barratt representing the seller, G&C Frost Company. The two-story property, constructed in 1952 and updated in 2011, previously housed financial institutions, offering 46 parking spots and prime frontage along the Rose Parade route. The sale marked the first time in 150 years that the property, situated in Pasadena's bustling downtown core, was on the market, drawing interest from various investors attracted to its revitalization potential.

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