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625 S Fair Oaks Ave Pasaden...

Pacific Clinics Leases Office Space At 625 Fair Oaks Avenue In Pasadena
LEASEDOffice

Pacific Clinics Leases Office Space At 625 Fair Oaks Avenue In Pasadena

625 S Fair Oaks Ave Pasadena, CA 91105, USA

$3

$3/SF

Building Size

18,370 SF

Asset Type

Office

Closing

Jul 21, 2023

AI

The recently leased property located at 625 Fair Oaks Avenue in Pasadena is an office space comprising 18,370 square feet. The lease transaction was facilitated by Greenbridge, the landlord, and Pacific Clinics, the tenant. The lease term is set for 5 years, with an asking rent of $3.25 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 625 Fair Oaks Avenue, Pasadena
  • Market: Pasadena
  • Landlord: Greenbridge
  • Tenant: Pacific Clinics
  • Landlord's Representative: Tina LaMonica - NAI Capital
  • Tenant's Representative: Jeffrey Boucher - Radius Agent Realty
  • Asking Rent: $3.25 per square foot
  • Lease Term: 5 years

Tina LaMonica from NAI Capital served as the landlord's representative in the lease deal, while Jeffrey Boucher, representing Radius Agent Realty, acted as the tenant's representative.

Players

Tina LaMonica

NAI Global

Broker

$29.1M

vol

11 deals

Broker

Los Angeles Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5287666.67%

Cash-on-Cash

-1511231.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93