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
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