Updated Dec 4, 2024
Guillermo Olaiz, Philip Ted Attalla & Tina LaMonica Of NAI Capital Represent Seller In Pasadena Office Sale For $5.5M
3450 East Sierra Madre Boulevard
$5,500,000
$366/SF
Building Size
15,000 SF
Asset Type
Office
Closing
Oct 8, 2024
About this deal
AI
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.
On the Map
$5,500,000
$366/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93