A 15,000-square-foot office building located at 3450 East Sierra Madre Boulevard in the Pasadena market was sold for $5,500,000. The lot spans 65,632 square feet, making the price per square foot $367 and the price per lot square foot $84.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,500,000
• Square Footage: 15,000
• Lot Square Footage: 65,632
• Price per Square Foot: $367
• Price per Lot Square Foot: $84
• Seller: Bob Kurkjian - Greater Los Angeles Scouting
• Seller's Representatives: Guillermo Olaiz, Philip "Ted" Attalla & Tina LaMonica - NAI Capital
• Buyer's Representative: BJ Investment Group
• Sale Date: 10/08/2024

NAI Capital Commercial's representatives, Philip “Ted” Attalla, Guillermo Olaiz, and Tina LaMonica, were instrumental in completing the sale, which involved a lot split and two simultaneous escrows. The proceeds from this transaction are intended to benefit the Scouting program, while BJ Investment Group represented the buyer.