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Arash Danialifar Of GD Realty Group Acquires Retail And Office Properties In Pasadena For $15.55M

Property Image
SOLD
$15,550,000
Scott Unger
Linda Lee
+ 1

California

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Retail55,854 SF
Sold 10/10/2025
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Property Image
SOLD

Arash Danialifar Of GD Realty Group Acquires Retail And Office Properties In Pasadena For $15.55M

695 East Colorado Boulevard & 709 East Colorado Boulevard

See Similar Deals
Retail55,854 SF
Sold 10/10/2025
Scott Unger
Linda Lee
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$278
Total Square Footage:55,854 SF
Transaction Type:Sale

The property asset involved in the transaction includes two addresses: 695 East Colorado Boulevard and 709 East Colorado Boulevard, located in the Pasadena market. The total sale price was $15,550,000 for an asset with a square footage of 55,854, resulting in a price per square foot of $278. The property comprises both retail and office spaces.

Summary of transaction details:

  • Property Type: Retail & Office
  • Transaction Amount: $15,550,000
  • Address: 695 East Colorado Boulevard & 709 East Colorado Boulevard
  • Market: Pasadena
  • Square Footage: 55,854
  • Price Per Square Foot: $278
  • Buyer: Arash Danialifar - GD Realty Group
  • Seller: Joel Sheldon - Vroman's Real Estate Ventures
  • Seller's Representative: William Boyd, Linda Lee & Scott Unger - Kidder Mathews

Arash Danialifar, representing GD Realty Group, acquired the properties from seller Joel Sheldon of Vroman's Real Estate Ventures. The transaction involved the expertise of William Boyd, Linda Lee, and Scott Unger from Kidder Mathews, who represented the seller in this deal.

Players

William (Bill) Boyd
4 deals$43.1M volume
BROKER

Linda Lee
Kidder Mathews
5 deals$44M volume
BROKER

Scott Unger
Kidder Mathews
5 deals$43.1M volume
BROKER

Kidder Mathews
BROKERAGE

Arash Danialifar
10 deals$114.4M volume
BUYER

Details

SOLD
IMAGE: Arash Danialifar, William Boyd, Linda Lee & Scott Unger DATE: 10/10/2025 ADDRESS: 695 East Colorado Boulevard & 709 East Colorado Boulevard MARKET: Pasadena ASSET TYPE: Retail & Office BUYER: Arash Danialifar - GD Realty Group SELLER: Joel Sheldon - Vroman's Real Estate Ventures SELLER'S REP: William Boyd, Linda Lee & Scott Unger - Kidder Mathews (@Kidder.Mathews) SALE PRICE: $15,550,000 SF: 55,854 ~ PPSF: $278

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

$829,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$55,245.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,714.93
Annual Debt Service$884,579.20