Updated Oct 29, 2024
Greenbridge Investment Group Acquires Office Property In South Pasadena For $31M
625 Fair Oaks Avenue, South Pasadena, CA 91030, USA
$31,000,000
$167/SF
Building Size
185,000 SF
Asset Type
Office
Closing
Jun 7, 2018
About this deal
AI
Located in South Pasadena, the office building at 625 Fair Oaks Ave has been sold for a price of $31,000,000. The property spans a total of 185,000 square feet, resulting in a price per square foot of $167. The transaction took place on 06/08/2018.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $31,000,000
- Address: 625 Fair Oaks Ave
- City: Los Angeles
- Market: South Pasadena
- Square Footage: 185,000
- Price per Square Foot: $167
The seller of the property was Genton Cockrum Partners, while the buyer was Greenbridge Investment Group represented by Sean Hashem and Fareed Kanani.
Players
South 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93