Elysian Housing Acquires 41,600 Square Foot Office Building In Pasadena For $13.4 Million

The property asset involved in the transaction is ZK Plaza, located at 600 North Rosemead Boulevard, Pasadena, CA. The office building has a total square footage of 41,600 and was sold for $13,400,000, resulting in a price per square foot of $322.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,400,000
• Address: 600 North Rosemead Boulevard
• Market: Pasadena, CA
• Square Footage: 41,600
• Price per Square Foot: $322
• Buyer: Elysian Housing
• Seller: Star Horizon LLC
• Brokers: John Archibald, Guillermo Olaiz & Stephen Lam - NAI Capital

This transaction involved Elysian Housing acquiring the property from Star Horizon LLC. The brokers representing the deal were John Archibald, Guillermo Olaiz, and Stephen Lam from NAI Capital. Elysian Housing plans to convert the site into 133 affordable housing units to serve low- and moderate-income families, residents with special needs, and locals affected by the 2025 wildfires.