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One Green 33 S Fair Oaks Ave 64,405 SF 100% Leased 4-Star Office Building Pasadena, CA 91105 For Sale
Investment Highlights
- IRREPLACEABLE OLD PASADENA LOCATION
- LARGE-FORMAT OFFICE ANCHOR WITH DEMISING FLEXIBILITY
- FOOD AND BEVERAGE CORRIDOR WITH PROVEN STAYING POWER
- 100% OCCUPIED
- TRANSIT-ORIENTED LOCATION
Executive Summary
CBRE is pleased to present the opportunity to acquire 33-61 S. Fair Oaks Avenue, a 64,405 square foot mixed-use commercial asset in the heart of Old Pasadena, California. The property spans nearly a full block along S. Fair Oaks Avenue, one block south of Colorado Boulevard, in one of Southern California’s most visited and enduring retail and dining destinations.
The asset comprises three distinct structures united along a contiguous block-length footprint, an original 19th century commercial building that anchors the historic Fair Oaks streetscape, and a purpose-built 2013 addition that expanded the campus to its current scale. Together they accommodate a diverse mix of restaurant, fitness, and office uses across three levels, drawing from one of the highest-traffic pedestrian environments in the San Gabriel Valley. The property is 100% occupied, with in-place rents across a portion of the tenant base set below current market, offering a new owner a clear path to NOI growth through natural lease rollover.
The asset comprises three distinct structures united along a contiguous block-length footprint, an original 19th century commercial building that anchors the historic Fair Oaks streetscape, and a purpose-built 2013 addition that expanded the campus to its current scale. Together they accommodate a diverse mix of restaurant, fitness, and office uses across three levels, drawing from one of the highest-traffic pedestrian environments in the San Gabriel Valley. The property is 100% occupied, with in-place rents across a portion of the tenant base set below current market, offering a new owner a clear path to NOI growth through natural lease rollover.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
64,405 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1886/2013
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
21,468 SF
Building FAR
1.64
Lot Size
0.90 AC
Zoning
CD-MU-C-AD-1 - Commercial
Parking
5 Spaces (0.08 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- All India Cafe
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99,999 SF
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- -
- Kinrose Creamery
- Accommodation and Food Services
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99,999 SF
- -
- -
- Mama Lu's Dumpling House
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Mike's Sandwiches & Pizza
- Accommodation and Food Services
-
99,999 SF
- -
- -
- Mills Alley
- -
-
99,999 SF
- -
- -
- Supply Frame Inc.
- -
-
99,999 SF
- -
- -
- Tacos Nezas
- -
-
99,999 SF
- -
- -
- The Bar Method
- -
-
99,999 SF
- -
- -
- Urban Pocha
- -
-
99,999 SF
- -
- -
- Whimsy Pasadena
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| All India Cafe | - | 99,999 SF | - | - | ||
| Kinrose Creamery | Accommodation and Food Services | 99,999 SF | - | - | ||
| Mama Lu's Dumpling House | Accommodation and Food Services | 99,999 SF | - | - | ||
| Mike's Sandwiches & Pizza | Accommodation and Food Services | 99,999 SF | - | - | ||
| Mills Alley | - | 99,999 SF | - | - | ||
| Supply Frame Inc. | - | 99,999 SF | - | - | ||
| Tacos Nezas | - | 99,999 SF | - | - | ||
| The Bar Method | - | 99,999 SF | - | - | ||
| Urban Pocha | - | 99,999 SF | - | - | ||
| Whimsy Pasadena | - | 99,999 SF | - | - |
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Exceptionally walkable
90/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5713-007-029 | Improvements Assessment | $45,288,413 |
| Land Assessment | $14,878,907 | Total Assessment | $60,167,320 |
Property Taxes
Parcel Number
5713-007-029
Land Assessment
$14,878,907
Improvements Assessment
$45,288,413
Total Assessment
$60,167,320
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