Updated Oct 15, 2026
Cushman & Wakefield Represents Seller In $35.5 Million Office Sale In Pasadena
1055 E Colorado Blvd
$35,500,000
$192/SF
Building Size
184,660 SF
Asset Type
Office
Closing
Oct 9, 2026
About this deal
AI
The asset involved in the transaction is an office property located at 1055 East Colorado Boulevard in Pasadena. The sale price was $35,500,000. The property encompasses a total square footage of 184,660, resulting in a price per square foot of $192.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $35,500,000
- Address: 1055 East Colorado Boulevard
- Market: Pasadena
- Square Footage: 184,660
- Price Per Square Foot: $192
- Seller's Representatives: Mike Condon Jr., Erica Finck, Reid Gratsch, Katie Goldberg, and Kevin Donner - Cushman & Wakefield
Key individuals involved in the transaction include Mike Condon Jr., Erica Finck, Reid Gratsch, Katie Goldberg, and Kevin Donner, who represented the seller through their affiliation with Cushman & Wakefield. They played a significant role in facilitating the sale of the property.
On the Map
$35,500,000
$192/SF
Office
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Pasadena Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93