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Colomar Partnership Sells Retail Property In Pasadena For $9.4M

Property Image
SOLD
$9,400,000
Kathi Constanzo
Alexander (Alex) Banks
Bill Ukropina
+ 1

California

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Retail
Sold 09/19/2022
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Property Image
SOLD

Colomar Partnership Sells Retail Property In Pasadena For $9.4M

1155 East Colorado Boulevard, Pasadena, California 91106, United States

See Similar Deals
Retail
Sold 09/19/2022
Kathi Constanzo
Alexander (Alex) Banks
Bill Ukropina
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Transaction Type:Sale

The retail property located at 1155 E Colorado Blvd in Pasadena was recently sold for a price of $9,400,000. The transaction took place on 09/19/2022 and involved the seller, Colomar Partnership.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,400,000
  • Address: 1155 E Colorado Blvd, Pasadena
  • Market: Pasadena

The sale of this retail property was facilitated by Coldwell Banker, with Bill Ukropina, Robert Ip, Kathi Constanzo, and Alex Banks representing the seller, Colomar Partnership.

Players

Robert Ip
Coldwell Banker
Robert Ip
3 deals$31.1M volume
BROKER
Bill Ukropina
Coldwell Banker
Bill Ukropina
2 deals$11.8M volume
BROKER
Kathi Constanzo
Coldwell Banker
Kathi Constanzo
1 deal$9.4M volume
BROKER
Alexander (Alex) Banks
Coldwell Banker
Alexander Banks
1 deal$9.4M volume
BROKER

Details

SOLD
IMAGE: Kathi Constanzo, Robert Ip, Alex Banks & Bill Ukropina DATE: 09/19/2022 ADDRESS: 1155 E Colorado Blvd MARKET: Pasadena ASSET TYPE: Retail SELLER: Colomar Partnership BROKERS: Bill Ukropina, Robert Ip, Kathi Constanzo (@Kathi_Constanzo) & Alex Banks - Coldwell Banker (@ColdwellBanker) SALE PRICE: $9,400,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$501,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55