Updated Oct 12, 2026
Dolev Bluvstein's Oratomic, Inc. Leases 81,273 SF Office In Pasadena For Expansion
443 South Raymond Avenue
Building Size
81,273 SF
Asset Type
Office
Closing
Oct 5, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 443 South Raymond Avenue, Pasadena, CA. The leased space is an office totaling 81,273 square feet. The transaction marks a significant deal in the Los Angeles market, recognized as the fifth-largest office deal of Q3 2026. The property, previously a laundry facility, has been transformed into a creative office environment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 443 South Raymond Avenue
- Market: Pasadena, CA
- Tenant: Dolev Bluvstein - Oratomic, Inc
- Funding: $300 million raised in Series A funding
The deal was facilitated by Dolev Bluvstein, representing Oratomic, Inc, a Caltech spinout specializing in quantum computing. This lease will support the expansion of the startup's team and research operations within the newly leased office space.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93