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South Lake Pasenda Shopping Center 495-505 S Lake Ave 3,066 - 9,500 SF of Retail Space Available in Pasadena, CA 91101
Highlights
- Located on Pasadena’s premier retail corridor, South Lake Avenue, with strong visibility and traffic.
- Surrounded by top-tier tenants including Erewhon Market, Talbots, and Ann Taylor, plus nearby dining and fitness destinations.
- On-site parking with 66 spaces, shared with neighboring retailers.
- High ceilings and expansive frontage ideal for branding and flagship concepts.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 511 | 3,066-9,500 SF | Negotiable | $42.00 /SF/YR $3.50 /SF/MO $399,000 /YR $33,250 /MO | Triple Net (NNN) |
495-505 S Lake Ave - 1st Floor - Ste 511
The subject space is a 9,500 sq ft retail space with a 1,800 sq ft mezzanine. Property is situated on Lake street, amongst some of the best tenants in the market and located next door to Erewhon Market. Space has extremely high ceilings. Landlord is open to TI dollars for the right deal and tenant. Space can be divided into a 3,066 sq ft space and a 5,860 sq ft space. Plans are being developed currently to be submitted to the city for the division. Property has a 66 space parking lot in the near which is shared with Ann Taylor and Talbots.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Partially Demolished Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 9,500 SF | Center Properties | 1 |
| Min. Divisible | 3,066 SF | Gross Leasable Area | 31,379 SF |
| Center Type | Neighborhood Center | Total Land Area | 1.72 AC |
| Parking | 66 Spaces | Year Built | 1954 |
| Stores | 3 | Cross Streets | 400 Block South Lake |
| Total Space Available | 9,500 SF |
| Min. Divisible | 3,066 SF |
| Center Type | Neighborhood Center |
| Parking | 66 Spaces |
| Stores | 3 |
| Center Properties | 1 |
| Gross Leasable Area | 31,379 SF |
| Total Land Area | 1.72 AC |
| Year Built | 1954 |
| Cross Streets | 400 Block South Lake |
About the Property
The South Lake Pasadena Shopping Center, located at 495-505 S Lake Avenue and the 400 Block of South Lake in Pasadena, is a vibrant retail destination positioned along one of the city’s most dynamic shopping corridors. This neighborhood center spans approximately 31,379 square feet of gross leasable area on a 1.72-acre site and features a mix of national and local retailers. The property offers expansive storefronts with excellent visibility, high ceilings, and abundant natural light, creating an inviting environment for shoppers and tenants alike. The center benefits from strong foot traffic driven by its proximity to popular dining, fitness, and lifestyle brands, as well as its location in a dense residential and office trade area. On-site parking includes approximately 66 spaces, providing convenience for visitors. The property is adjacent to Erewhon Market and surrounded by well-known retailers such as Talbots, Ann Taylor, and other high-performing tenants, making it a prime location for flagship retail opportunities.
Nearby Major Retailers
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South Lake Pasenda Shopping Center | 495-505 S Lake Ave
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