Updated Oct 19, 2026
Onni Group Acquires Retail Property In Pasadena, CA From Granite Point Mortgage Trust For $103M
280 East Colorado Boulevard
$103,000,000
$225/SF
Building Size
457,000 SF
Asset Type
Retail
Closing
Oct 21, 2022
About this deal
AI
The retail property located at 280 E Colorado Blvd in Pasadena, CA has been sold in a recent transaction. This property spans a total space of 457,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $103,000,000
- Price Per Square Foot: $225
- Address: 280 E Colorado Blvd, Pasadena, CA
- Market: Pasadena, CA
The buyer of the property is the Onni Group, represented by Inno De Cotiis. The seller, on the other hand, is Granite Point Mortgage Trust, represented by Jack Taylor. The deal was facilitated by brokers Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Bill Bauman from Newmark.
On the Map
$103,000,000
$225/SF
Retail
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Pasadena Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93