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2500 E Colorado Blvd
Pasadena, CA 91107
Bank of the West · Office Property For Sale
Investment Highlights
- Acquire and own/operate the office building at “value” pricing and far below replacement cost.
- Will be delivered entirely vacant on an 'As-Is, Where-Is' bases at the close of escrow.
- Acquire and create a multi-family development project with favorable LPSP zoning; Lamanda Park Specific Plan.
Executive Summary
2500 E. Colorado Blvd (“Project”) is offered for sale on an ALL CASH BASIS to both office building investors (renovate current structure) and multi-family developers (re-develop the site based on favorable zoning entitlements). The listing price for the sale of the land and building is $7,995,000 ($228/RSF of gross building and $136/SF of gross land).
The property will be delivered entirely vacant and on an “As-Is, Where-Is” basis at the close of escrow.
The property will be delivered entirely vacant and on an “As-Is, Where-Is” basis at the close of escrow.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
39,271 SF
Building Class
B
Year Built
1972
Price
$7,995,000
Price Per SF
$203.59
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,697 SF
Building FAR
0.67
Lot Size
1.35 AC
Zoning
LPSP-MV-N
Parking
88 Spaces (2.24 Spaces per 1,000 SF Leased)
Amenities
- Banking
Property Taxes
| Parcel Number | 5748-011-038 | Improvements Assessment | $6,261,758 |
| Land Assessment | $2,059,786 | Total Assessment | $8,321,544 |
Property Taxes
Parcel Number
5748-011-038
Land Assessment
$2,059,786
Improvements Assessment
$6,261,758
Total Assessment
$8,321,544
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