facebook
Traded Co logo
Submit
Daily limit: 0/10

Lee & Associates Sells Vacant Retail Building In Pasadena For $7.1M

Property Image
SOLD
$7,100,000
Vaun Lennon
Robert Clifford
Sean Fang
+ 2

California

See Similar Deals
Retail10,039 SF
Sold 06/16/2023
the dealplayerscompscontact
Property Image
SOLD

Lee & Associates Sells Vacant Retail Building In Pasadena For $7.1M

865 E Colorado Blvd Pasadena, CA 91101, USA

See Similar Deals
Retail10,039 SF
Sold 06/16/2023
Vaun Lennon
Robert Clifford
Sean Fang
+ 2
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$707
Total Square Footage:10,039 SF
Transaction Type:Sale

A vacant retail building in Pasadena was sold by KSO Pasadena, LLC for $7.1 million. The property, located at 865 East Colorado Boulevard, has a total square footage of 10,039. The price per square foot is $707.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,100,000
  • Address: 865 East Colorado Boulevard
  • Market: Pasadena

The deal was facilitated by the brokerage firm Lee & Associates. The team of Sean Fang, Robert Clifford, Vaun Lennon, Colleen Carey, and Jodi Shoemake represented both the buyer and the seller in this transaction. They are now planning to transform the vacant retail building into a restaurant. Additionally, they will assist in leasing the space to a popular dining establishment in the future.

Players

Robert Clifford
Compass
Robert Clifford
4 deals$20.3M volume
BROKER
Vaun Lennon
Lee & Associates
Vaun Lennon
5 deals$24.3M volume
BROKER
Sean Fang
Lee & Associates
Sean Fang
1 deal$7.1M volume(626) 240-2791
BROKER
Colleen Carey
Lee & Associates
Colleen Carey
1 deal$7.1M volume(626) 240-2782
BROKER
Jodi Shoemake
Lee & Associates
Jodi Shoemake
2 deals$17.7M volume(626) 240-2780
BROKER

Details

SOLD
IMAGE: Jodi Shoemake, Colleen Carey, Vaun Lennon, Sean Fang & Robert Clifford DATE: 06/16/2023 ADDRESS: 865 East Colorado Boulevard MARKET: Pasadena ASSET TYPE: Retail SELLER: KSO Pasadena, LLC BROKERS: Sean Fang, Robert Clifford, Vaun Lennon, Colleen Carey & Jodi Shoemake (@JodiShoemake_Leepasadena) - Lee & Associates (@LeeAssociatesre) SALE PRICE: $7,100,000 SF: 10,039 ~ PPSF: $707 NOTE: Lee & Associates sold a vacant retail building in Pasadena for $7.1 million. The brokers are transforming the space into a restaurant and will assist in leasing it to a popular dining establishment in the future.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$378,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47