The strip center located at 701-707 Lake Ave in Pasadena, CA, has been sold for an undisclosed sum. The property spans over 5,000 square feet and is situated on a lot of nearly 16,000 square feet. This retail property is positioned at the prominent corner of Lake Avenue and Orange Grove Boulevard in Pasadena's market. The center features several tenants including Goodwill Industries International Inc., Cash 1, and Lakeview Dental Corp.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Buyer: Unknown
• Seller: Unknown
• Buyer's Rep: Rick Rivera (CBM1)

Central Business Management’s Rick Rivera played a pivotal role in the sale of the retail strip center at 701 N Lake Ave. In addition to representing the undisclosed buyer, Rivera also acted on behalf of the seller in the transaction. The property's tenant roster includes well-known establishments such as Goodwill Industries International Inc., Cash 1, and Lakeview Dental Corp, making it a strategic addition to the buyer's investment portfolio.