Andy Jassy And Jeff Bezos Of Amazon Acquire Office Building From Alvarez & Marsal For $79M
3100 New York Drive
$79,000,000
$439/SF
Building Size
179,686 SF
Asset Type
Office
Closing
Jan 15, 2026
AI
An office building located at 3100 New York Drive in Pasadena was sold for $79 million. The property has a total area of 179,686 square feet, resulting in a price per square foot of $440. This transaction is noted as one of Los Angeles County's largest office transactions in the fourth quarter of 2025.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $79,000,000
- Square Footage: 179,686
- Price Per Square Foot: $440
- Buyer: Andy Jassy & Jeff Bezos - Amazon
- Seller: Tony Alvarez II & Bryan Marsal - Alvarez & Marsal
- Date of Transaction: 01/15/2026
- Market: Pasadena
The acquisition was made by Amazon.com Services, which signifies an expansion of the company's presence in Southern California's office market. The deal indicates continued interest in office assets within the region, despite the current vacancy rate of 23.4% and negative absorption experienced in the fourth quarter of 2025.
Players
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93