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110 Holly Street, Pasadena,...

Bershire Hathaway Home Services Acquires Retail Property On 110 E Holly St In Pasadena For $6M
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Bershire Hathaway Home Services Acquires Retail Property On 110 E Holly St In Pasadena For $6M

110 Holly Street, Pasadena, California 91103, United States

$6,000,000

$1,000,000/SF

Building Size

6 SF

Asset Type

Retail

Closing

Feb 1, 2023

AI

The retail property located at 110 E Holly Street in Pasadena has been sold for $6,000,000. The transaction took place on January 2, 2023. The property spans 6,612 square feet and has a price per square foot (PPSF) of $907.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,000,000
  • Square Footage: 6,612
  • Price Per Square Foot: $907
  • Address: 110 E Holly Street, Pasadena
  • Market: Pasadena

The buyer's representatives for this transaction were Lane Aronson and David Lao from Berkshire Hathaway Home Services. On the other hand, the seller's representatives were Dan Bacani from Lee & Associates and Nick Peukpiboon from Daum Commercial Real Estate.

Players

Lane Aronson

Berkshire Hathaway HomeServices

Broker

$18.5M

vol

4 deals

Broker

Pasadena Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93