Mauricio Olaiz Acquires Office Property At 1191 East Walnut Street Pasadena For $1.05M
1191 East Walnut Street
$1,050,000
$486/SF
Building Size
2,160 SF
Asset Type
Office
Closing
Mar 18, 2026
AI
The property asset involved in this transaction is an office located at 1191 East Walnut Street in Pasadena. The transaction was executed with a sale price of $1,050,000, encompassing a total square footage of 2,160, translating to a price per square foot of $486.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,050,000
- Square Footage: 2,160
- Price per Square Foot: $486
- Buyer: Mauricio Olaiz
- Seller: Gary A. Wamhof
- Brokers: Brandon Michaels & Steven Schechter - Marcus & Millichap
- Date of Sale: 03/18/2026
The deal featured key individuals, with Mauricio Olaiz acquiring the property from seller Gary A. Wamhof. The transaction was facilitated by brokers Brandon Michaels and Steven Schechter, representing them on the deal through Marcus & Millichap.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93