CityStreet Commercial Acquires Mixed-Use Property In Pasadena For $18M
SOLD
$18,000,000
California
See Similar DealsMixed-use34,000 SF
Sold 12/10/2021
SOLD
CityStreet Commercial Acquires Mixed-Use Property In Pasadena For $18M
1384 East Washington Boulevard, Pasadena, California 91104, United States
See Similar DealsMixed-use34,000 SF
Sold 12/10/2021
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$529
Total Square Footage:34,000 SF
Transaction Type:Sale
A mixed-use property located at 1384 E. Washington Blvd. & 1349 N. Hill Ave. in Pasadena has been sold for a total of $18,000,000. The property spans a size of 34,000 square feet. This transaction took place on 12/10/2021. The price per square foot for this sale was $529.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $18,000,000
- Address: 1384 E. Washington Blvd. & 1349 N. Hill Ave.
- Market: Pasadena
- Buyer's Representative: Elan Kermani - CityStreet Commercial
- Seller's Representatives: Dana Brody & Floyd Shaheen - Marcus & Millichap
- SF: 34,000
- PPSF: $529
The buyer's representative for this transaction was Elan Kermani from CityStreet Commercial, while the seller's representatives were Dana Brody and Floyd Shaheen from Marcus & Millichap. This deal represents a significant sale in the Pasadena market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
Is there something missing? Send suggestions