Edward Doheny Family Trust Acquires Property At 32 W Colorado Blvd Pasadena For $10.6M
SOLD
$10,600,000
California
See Similar DealsOffice10,755 SF
SOLD
Edward Doheny Family Trust Acquires Property At 32 W Colorado Blvd Pasadena For $10.6M
32 W Colorado BLVD, Pasadena, CA, 9...
See Similar DealsOffice10,755 SF
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$985
Total Square Footage:10,755 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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