Updated Oct 30, 2026
Rotana Steven Tek Of Alpha Hormones Acquires Office Building In Pasadena For $3.5M From Rabco Investors LLC
2234 East Colorado Boulevard
$3,500,000
$376/SF
Building Size
9,300 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in this transaction is a 9,300-square-foot office building located at 2234 East Colorado Boulevard in Pasadena, CA. The sale price of the building was $3,500,000, and it is designated for office use.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,500,000
- Buyer: Rotana Steven Tek - Alpha Hormones
- Seller: Rabco Investors LLC
- Broker Representatives: Gerard Poutier, Mark Shaffer & Dylan Rutigliano - CBRE
- Date of Transaction: 10/22/2026
Rotana Steven Tek, associated with Alpha Hormones, acquired the property through OM Realty Ventures LLC. The buyer intends to reposition the office building for medical use and financed the acquisition with an SBA loan. Alpha Hormones has also leased space within this office building.
On the Map
$3,500,000
$376/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93