Agri Capital Sells Pasadena Nursing Home For $5.1M With NAI Capital Brokers

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.