facebook
Traded Co logo
Submit

Brian Dro Acquires Mixed-Use Property In Pasadena For $3M

Property Image
SOLD
$3,000,000

California

See Similar Deals
Mixed-use5,122 SF
Sold 06/30/2020
the dealplayerscompscontact
Property Image
SOLD

Brian Dro Acquires Mixed-Use Property In Pasadena For $3M

599 N Fair Oaks Ave, Pasadena, CA 91103, USA

See Similar Deals
Mixed-use5,122 SF
Sold 06/30/2020
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$585
Total Square Footage:5,122 SF
Transaction Type:Sale

The mixed-use property located at 5862 W. 3rd Street and 599 N Fair Oaks in Pasadena has been sold for a total price of $3,000,000. The property spans 5,122 square feet, resulting in a price per square foot of $585. This transaction involved two units, with each unit being valued at $1,500,000.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $3,000,000
  • Address: 5862 W. 3rd Street, 599 N Fair Oaks
  • Market: Pasadena
  • Square Footage: 5,122
  • Price per Square Foot: $585
  • Units: 2
  • Price per Unit: $1,500,000

The seller in this transaction was Divinity L, while the buyer was Brian Dro. The deal was facilitated by brokers Steve Anavim and Lauren Aboulafia.

It is worth noting that the buyer closed the transaction using all cash in just 21 days.

Players

Steve Anavim
12 deals$65.3M volume
BROKER

Lauren Aboulafia
Conroy Commercial
7 deals$38.1M volume
BROKER

Details

SOLD
IMAGE: IMAGE: @SteveAnavim DATE: 06/30/2020 ADDRESS: 5862 W. 3rd Street, 599 N Fair Oaks MARKET: Pasadena ASSET TYPE: Mixed-Use PRICE: $3,000,000 SF: 5,122 PPSF: $585 UNITS: 2 PPU: $1,500,000 SELLER: Divinity L BUYER: Brian Dro BROKERS: Steve Anavim & Lauren Aboulafia NOTES: Buyer closed all cash in 21 days.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37