Farz Vat Acquires Retail Asset In Pasadena From Naz Mak For $3.5M
6013 Spencer Highway
Building Size
78,000 SF
Asset Type
Retail
Closing
Apr 22, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 6013 Spencer Highway in Pasadena, comprising a total area of 78,000 square feet. The asset is positioned within the retail market and features land specifically requested by the buyer for the development of a gas station, complete with plans and permits already established.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 6013 Spencer Highway
- Market: Pasadena
- Buyer: Farz Vat
- Seller: Naz Mak
- Broker: Shoby Kurjee - SK Real Estate Consulting
This transaction was facilitated by Shoby Kurjee, representing SK Real Estate Consulting, who successfully matched the client's stringent criteria for land that met specific requirements for a gas station project. The tight criteria led to a focused search resulting in this transaction.
On the Map
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93