393-401 South Fair Oaks Ave Pasadena, CA 91105
Freestanding medical office building in Pasadena's South Fair Oaks Medical Corridor.
Property size:
12,426 SFProperty Features for 393-401 South Fair Oaks Ave
General Information
- Size
- 12,426 SF
Building Details
- Year built
- 1973
Source:
Lee-associates
Listing Agent: Mauricio Olaiz
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Pasadena Medical Office Building For Sale
Located in Pasadena's South Fair Oaks Medical Corridor, the property at 393–401 South Fair Oaks Avenue offers a freestanding medical office building. The building provides approximately 12,426 square feet of space on a lot of approximately 32,117 square feet. The property features 50 surface parking spaces. The building was built in 1973 and features well-maintained masonry construction. The property is zoned SFO-CG (South Fair Oaks Commercial General), which allows for a variety of medical, office, and commercial uses. The location is near Huntington Hospital and close to dining and retail amenities in Old Pasadena. Public transportation options are nearby, including the Metro Gold Line and bus routes. The property has in-place income through August 31, 2026. The property has redevelopment potential under SB 79. The property is currently occupied by UnitedHealth Group (Optum) with a lease in place until August 31, 2026. It is located along Fair Oaks Avenue, two blocks north of Huntington Hospital and near the Del Mar Gold Line Station. The property has excellent accessibility to the 210, 134, and 110 freeways and Del Mar Metro Gold Line Station.
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
Vetco, Vetco Total Care Animal Hospital, Modern Animal
Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.1507918
- Latitude
- 34.1390561
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Freestanding medical office building in Pasadena's South Fair Oaks Medical Corridor.
Where is this medical office space located?
The property is located at 393-401 South Fair Oaks Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: - Prime location in Pasadena's South Fair Oaks Medical Corridor, near Huntington Hospital and other major healthcare providers.; - In-place income with a 5.25% cap rate from UnitedHealth Group (Optum) lease until August 31, 2026.; - Significant redevelopment potential due to SFO-CG zoning and SB 79 adoption, allowing for increased density and height.
