Farz Vat Acquires Retail Asset In Pasadena From Naz Mak For $3.5M

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.