24 - 98 North San Gabriel Boulevard, Pasadena, CA 91107
100% NNN leased R&D and light manufacturing site with lab buildouts, executive offices, and multiple loading doors.
- Added:
- Jun 11, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 13 at 2:45 am
Property Features for 24 - 98 North San Gabriel Boulevard
General Information
- Standard status
- Active
- Property subtype
- Industrial
Building Details
- Year Built
- 1945
Listing agent John S. Archibald License #CalDRE #00996775 (626) 660-8228
Listing office NAI Capital (626) 660-8228
Listing date Jun 11, 2026
Source Naiglobal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital
HighLights
- 100% NNN leased R&D/flex industrial facility to Captura Corporation
- NOI of $854,629 as of 12/1/2026, with 6.0% cap rate and 3% annual rental increases
- 4.5 years remaining lease term to 11/30/2030 plus a 5‑year renewal option at FMV (minimum 103%)
- Laboratory buildouts plus executive offices and premium high‑end improvements for advanced R&D and light manufacturing/flex use
- 2,600A power, 15' clear height, and 4 loading doors for operational flexibility
- 44+ on‑site parking spaces
Overview
Located at 24–98 North San Gabriel Boulevard in Pasadena, California, the asset benefits from an all-corporate tenant occupancy structure with a lease in place through 11/30/2030, plus a five-year renewal option at FMV with a minimum of 103%. Current operating performance is reported as NOI of $854,629 as of 12/1/2026, with 6.0% cap rate referenced in the materials.
For buyers seeking a stabilized, tenant-driven R&D/flex profile, this offering pairs specialized lab improvements with warehouse/logistics functionality, including clear height and multiple loading doors. The lease is fully in place with annual rental increases of 3%, aligning well with investors looking for an institutional-style industrial cash flow structure backed by a single, long-term corporate tenant.
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Pasadena
- County
- Los Angeles
- State
- California
- Longitude
- -118.0942751
- Latitude
- 34.1466594
