Updated Oct 29, 2024
Private Investor Acquires $23M Retail Property In Pasadena LA From Aegon USA Realty Advisors
310 South Lake Avenue, Pasadena, CA 91101, USA
$23,000,000
$589/SF
Building Size
39,000 SF
Asset Type
Retail
Closing
Sep 12, 2018
About this deal
AI
A retail property located at 310 S. Lake Ave in Pasadena, LA has been sold in a transaction valued at $23,000,000. The property spans across 39,000 square feet and is situated in the Pasadena market. The sale price per square foot is approximately $585. The transaction took place on September 13, 2018. The buyer involved in this deal is a private investor, while the seller is Aegon USA Realty Advisors.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,000,000
- Address: 310 S. Lake Ave, Pasadena, LA
- Market: Pasadena
Carlos Lopez, Lee Csenar, and John Repstad were involved in the sale of this retail property. However, the role they played in the transaction is not specified in the provided information.
Players
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93