Updated Oct 29, 2024
Greenbridge Investment Partners Acquires Pasadena Property From Seller Represented By Chalvis Evans For $31M
625 S Fair Oaks Ave, Pasadena, CA, 9...
$31,000,000
$335/SF
Building Size
92,547 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 625 S Fair Oaks Ave, Pasadena, CA. It has a transaction amount of $31,000,000.00 and a total square footage of 92,547. The property is situated in the Pasadena market.
Summary of transaction details:
- Property Type: SALE
- Transaction Amount: $31,000,000.00
- Address: 625 S Fair Oaks Ave, Pasadena, CA
- Market: Pasadena
- Seller's Representative: Chalvis Evans (CBRE)
- Buyer: Greenbridge Investment Partners
Chalvis Evans from CBRE represented the seller in this transaction, while Greenbridge Investment Partners acted as the buyer, completing the acquisition of the property located at 625 S Fair Oaks Ave.
On the Map
$31,000,000
$335/SF
Office
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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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93