Edward Doheny Family Trust Acquires Property At 32 W Colorado Blvd Pasadena For $10.6M
32 W Colorado BLVD, Pasadena, CA, 9...
$10,600,000
$985/SF
Building Size
10,755 SF
Asset Type
Office
Closing
Nov 19, 2023
AI
The property asset involved in this transaction is located at 32 W Colorado BLVD, Pasadena, CA. It has a total area of 10,755 square feet and was sold for $10,600,000.00. This sale took place in the Pasadena market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $10,600,000.00
- Address: 32 W Colorado BLVD, Pasadena, CA
- Square Footage: 10,755
- Market: Pasadena
- Buyer: Edward Doheny family trust
- Seller's Representatives: Dan Bacani, Jodi Shoemake (Lee & Associates)
In this transaction, the buyer is represented by the Edward Doheny family trust, while the seller's representatives are Dan Bacani and Jodi Shoemake from Lee & Associates, handling the sale on behalf of the seller.
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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93