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Agri Capital Sells Pasadena Nursing Home For $5.1M With NAI Capital Brokers
SOLD
$5,100,000
California
See Similar DealsNursing Home28,512 SF
Sold 07/10/2025
SOLD
Agri Capital Sells Pasadena Nursing Home For $5.1M With NAI Capital Brokers
1450 North Fair Oaks Avenue
See Similar DealsNursing Home28,512 SF
Sold 07/10/2025
Summary
CALIFORNIA
Asset Type:Nursing Home
Price Per Square Foot:$178
Total Square Footage:28,512 SF
Transaction Type:Sale
A nursing home located at 1450 North Fair Oaks Avenue in Pasadena has been sold. The asset spans 28,512 square feet and was sold for $5,100,000, resulting in a price per square foot of $179.
Summary of transation details:
- Property Type: Nursing Home
- Transaction Amount: $5,100,000
- Address: 1450 North Fair Oaks Avenue
- Market: Pasadena
- Seller: Agri Capital
- Buyer: 1450 N Fair Oaks LLC
- Brokerage: NAI Capital
- Brokers: Stephen Lam, Guillermo Olaiz, John Archibald
- Square Footage: 28,512
- Price Per Square Foot: $179
Agri Capital sold the vacant former assisted living facility to 1450 N Fair Oaks LLC, which plans to convert the property into temporary housing for mental health and substance use support. The sale was facilitated by NAI Capital, represented by brokers Stephen Lam, Guillermo Olaiz, and John Archibald.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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