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
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