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Pasadena Flex Portfolio 3 Properties Offered at $16,180,000 in Pasadena, CA
INVESTMENT HIGHLIGHTS
- Owner User. Ideal for R&D, Warehousing, Industrial, Flex, or Service Users
- Equipped with Paint Booth, Office Space, Loading Doors
- Current NOI: $533,300
- 31,619 Square Foot Portfolio. 11,020 Square Foot Ready for Immediate Occupancy.
- 1.03 Acres of Land
- Little To No Deferred Maintenance
EXECUTIVE SUMMARY
NAI Capital, as exclusive advisors to ownership, is pleased to present fee simple ownership in this multi-tenant flex/industrial campus in the City of Pasadena. The properties close proximity to the California Institiute of Technology (Caltech) has proven to be an ideal creative campus for research, development, and life sciences uses. This offering consists of 3 buildings, totaling 31,619 square feet and 1.03 acres of land. Great owner user opportunity.
89-91 N San Gabriel Blvd offers 11,020 SF of industrial / flex space ready for immediate occupancy. This building is perfect for R&D, light manufacturing, service, and warehousing. It is equipped with polished concrete floors, exposed ceiling (21’ clearance), 3,400 square feet of office space, 3x ground level loading doors, 20" clear height, 400A Power, 3x Marathon Paint Finishing Booths, 1x Despatch Oven, hanging electrical + air supply lines, and is HVAC equipped throughout. A complete roof replacement was also done in 2020. This space was formerly occupied by Materia Inc.
2670-74 Walnut St. consists of 20,599 square feet of fully leased creative research and development space. The tenant leases expire in 2026, 2026, and 2028 respectively, with options to extend. One roof replaced in 2016 and the other re-coated in 2021. The current tenants are Glassimetal technologies, Scaled Science Partners, and Fluid Efficiency.
There is significant demand and low supply for creative industrial spaces within the Pasadena submarket. This makes this an attractive option for research and development, warehousing, industrial users, and headquarters,
89-91 N San Gabriel Blvd offers 11,020 SF of industrial / flex space ready for immediate occupancy. This building is perfect for R&D, light manufacturing, service, and warehousing. It is equipped with polished concrete floors, exposed ceiling (21’ clearance), 3,400 square feet of office space, 3x ground level loading doors, 20" clear height, 400A Power, 3x Marathon Paint Finishing Booths, 1x Despatch Oven, hanging electrical + air supply lines, and is HVAC equipped throughout. A complete roof replacement was also done in 2020. This space was formerly occupied by Materia Inc.
2670-74 Walnut St. consists of 20,599 square feet of fully leased creative research and development space. The tenant leases expire in 2026, 2026, and 2028 respectively, with options to extend. One roof replaced in 2016 and the other re-coated in 2021. The current tenants are Glassimetal technologies, Scaled Science Partners, and Fluid Efficiency.
There is significant demand and low supply for creative industrial spaces within the Pasadena submarket. This makes this an attractive option for research and development, warehousing, industrial users, and headquarters,
PROPERTY FACTS
| Price | $16,180,000 | Number of Properties | 3 |
| Price / SF | $511.72 / SF | Individually For Sale | 0 |
| Sale Type | Owner User | Total Building Size | 31,619 SF |
| Status | Active | Total Land Area | 1.03 AC |
| Price | $16,180,000 |
| Price / SF | $511.72 / SF |
| Sale Type | Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 31,619 SF |
| Total Land Area | 1.03 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2670-2672 E Walnut St, Pasadena, CA 91107 | Flex | 15,613 SF | 1960 | - |
| 89-91 N San Gabriel Blvd, Pasadena, CA 91107 | Industrial | 11,020 SF | 1947 | - |
| 2674 E Walnut St, Pasadena, CA 91107 | Industrial | 4,986 SF | 1985 | - |
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Pasadena Flex Portfolio
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