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3016 E Colorado Blvd
Pasadena, CA 91107
The District · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,650 SF
Building Class
B
Year Built
2007
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.55 AC
Zoning
C3
Parking
17 Spaces (3.04 Spaces per 1,000 SF Leased)
Frontage
306’ on Colorado Blvd
Amenities
- Bus Line
- Signage
About 3016 E COLORADO BLVD , PASADENA, CA 91107
• At 66% current occupancy, 34% (1,916 SF) of the GLA is available for lease—lease up of the existing availability should help grow the NOI by $113,000—doubling the existing income • The two in-place tenants have strong national brand names » Subway (18% of the GLA) has more than 44,000 locations in 112 countries » USPS (48% of the GLA) is an independent agency of the US government and handles more than 47% of the world’s mail volume • The offering is a “stand alone asset” and is not subject to any other CC&Rs or REAs, further simplifying ownership/management • Pasadena is a densely populated, infill trade area with extremely high barriers to entry, ensuring the center’s long-term growth
Property Taxes
| Parcel Numbers | Improvements Assessment | $656,184 | |
| Land Assessment | $2,241,970 | Total Assessment | $2,898,154 |
Property Taxes
Parcel Numbers
Land Assessment
$2,241,970
Improvements Assessment
$656,184
Total Assessment
$2,898,154
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