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388 Cordova St Pasadena, CA...

Triad Law Center Acquires Office Condo In Pasadena For $4.2M
SOLDOffice

Triad Law Center Acquires Office Condo In Pasadena For $4.2M

388 Cordova St Pasadena, CA 91101, USA

$4,175,000

$482/SF

Building Size

8,650 SF

Asset Type

Office

Closing

Aug 11, 2023

AI

The office condo located at 388 Cordova Street in Pasadena has been sold for a sale price of $4,175,000. The property spans a total area of 8,650 square feet, resulting in a price per square foot of $483. The transaction took place on August 11, 2023, and involved parties such as the buyer, Triad Law Center, and the seller, JJ Property Investment.

Summary of Transaction Details

  • Property Type: Office Condo
  • Transaction Amount: $4,175,000
  • Address: 388 Cordova Street
  • Market: Pasadena

Tina LaMonica from NAI Capital represented the buyer, Triad Law Center, in the deal, while Steve Chang from KW Commercial acted as the seller's representative for JJ Property Investment.

Players

Steve Chang

Chang Investment Group

Broker

$85.5M

vol

11 deals

Broker

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

3.80%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93