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PRIME CORNER OFFICE & RETAIL SPACE 48-50 S De Lacey Ave 24,544 SF 63% Leased Office Building Pasadena, CA 91105 $11,000,000 ($448.17/SF)
EXECUTIVE SUMMARY
An exceptional opportunity to own a high-visibility, mixed-use retail and office building in the heart of Old Pasadena, one of Southern California’s most vibrant and walkable commercial districts. Whether it’s a café, a service-based business, or a larger user that wants to combine suites, this building is flexible in use. This ±24,544 SF corner property offers strong in-place income from established tenants and multiple vacant suites ideal for lease-up or owner-user repositioning. Located just steps from premium restaurants, national retailers, and historic architecture, the property benefits from high foot traffic, robust demographics, and excellent freeway access. With zoning flexibility (PSC-) and value-add upside, this is a rare chance to invest in a generational location.
PROPERTY HIGHLIGHTS
- Premier Corner Location in Old Pasadena
- ±24,544 SF Building on a Highly Visible Parcel
- Mixed-Use Configuration: Office & Retail
- Multiple Vacant Units – Value-Add Leasing Potential
- Lush Walkable Area Near Top Dining, Shops, & Entertainment
- Zoning: PSC- (Pasadena Specific Commercial)
- Year Built: 1955
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Controlled Access
- Food Service
- Skylights
- Central Heating
- Natural Light
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Our lounge area features plate glass windows along two walls that flood the room with natural light during the daytime, and that provide entertaining glimpses of what happens in Pasadena’s Old Town after dark. . We offer deep soft-leather chairs, as well as tables with seating for clients who prefer a more upright posture while enjoying their cigars. We provide complimentary Wi-Fi, so you can work, explore the internet, or simply allow yourself to be hypnotized by your phone while you smoke. We even have a chess set. We’ve also stocked our lounge with some of the nicest, most interesting and coolest people you can find anywhere. There are many, many ways in which to enjoy a cigar, and we at Cigars by Chivas believe that one of the most important of those is enjoying one in good company.
- Pasadena Weekly
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cigars By Chivas Inc | Retailer | - | - | - | ||
| Pasadena Weekly | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This space is ideal for office or retail tenants seeking street access to a community with excellent walk score. Located in the heart of Old Pasadena, this space could be a fit for an office tenant with many daytime visitors, a service-based business, or paired with an additional suite in the property for a larger retail need. Potential for up to 4,270 square feet.
$4.50 NNN; NNN are $0.87
Second Generation restaurant $4.00 NNN; NNN are $0.87
Adaptable office space in a vibrant community. Ample parking located in the same block, and ideally located in the core of Old Pasadena.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 2,270 SF | Office/Retail | Full Build-Out | Now |
| 1st Fl-Ste 56 S DeLacey Ave | 300 SF | Office/Retail | - | Now |
| 1st Fl-Ste 69 W Green Street | 2,602 SF | Restaurant | Full Build-Out | Now |
| 2nd Fl-Ste 200 & 201 | 4,004 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 2,270 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 56 S DeLacey Ave
| Size |
| 300 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 69 W Green Street
| Size |
| 2,602 SF |
| Space Use |
| Restaurant |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200 & 201
| Size |
| 4,004 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 2,270 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
This space is ideal for office or retail tenants seeking street access to a community with excellent walk score. Located in the heart of Old Pasadena, this space could be a fit for an office tenant with many daytime visitors, a service-based business, or paired with an additional suite in the property for a larger retail need. Potential for up to 4,270 square feet.
1st Fl-Ste 56 S DeLacey Ave
| Size | 300 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
$4.50 NNN; NNN are $0.87
1st Fl-Ste 69 W Green Street
| Size | 2,602 SF |
| Space Use | Restaurant |
| Condition | Full Build-Out |
| Available | Now |
Second Generation restaurant $4.00 NNN; NNN are $0.87
2nd Fl-Ste 200 & 201
| Size | 4,004 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Adaptable office space in a vibrant community. Ample parking located in the same block, and ideally located in the core of Old Pasadena.
PROPERTY TAXES
| Parcel Number | 5713-007-019 | Improvements Assessment | $2,411,056 |
| Land Assessment | $2,390,576 | Total Assessment | $4,801,632 |
PROPERTY TAXES
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PRIME CORNER OFFICE & RETAIL SPACE | 48-50 S De Lacey Ave
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