Freestanding NNN Retail
For Sale
Contact for pricing
1155 E Colorado Blvd, Pasadena, CA 91106
Fully leased single-story retail building positioned at a signalized corner with established national-credit tenancy.
Property Size21,450 SF
Lot Size0.99 Acres
Days on Market141
Property Features for 1155 E Colorado Blvd
General Information
Standard status
Active
Size
21,450 SF
Total Parking Spaces
61
Lot size
0.99 Acres
Property subtype
Retail
Zoning
PSC*
Occupancy
100%
Net Operating Income
$394,500
Financials
Asking Price
$9,488,000
Cap Rate
4.16%
Opportunity Zone
No
Site & Location
Frontage
189 ft
Corner Location
Yes
Building Details
Year Built
1939
Buildings
1
Stories
1
Tenancy
Single
Parking Ratio
2.04 per 1,000 SF
Listing Agency:
Coldwell Banker Commercial NRT Pasadena
(626) 898-2308
Listed By:
Kathi Constanzo, CCIM · License #CA
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 2:10PM
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 Coldwell Banker Commercial NRT Pasadena
Investment Insights
Based on property information with market context.
This freestanding NNN retail property comprises a 21,450 SF, single-story building constructed in 1939. The 0.99-acre site includes one loading dock, 61 parking spaces, and 189 FT of frontage along Colorado Blvd. The property is fully leased to Michaels, an Arts and Crafts retailer that has operated at the location for more than 25 years, with a single-building tenancy structure.
The site occupies a signalized corner on Colorado Boulevard and Historic Route 66 in Pasadena. Lake Avenue provides access to the 210 freeway, while the Metro Gold Line station is 0.8 miles away. The property carries PSC* zoning and a 0.50 exterior building FAR. Its pedestrian and bicycle accessibility are reflected in Walk Score® of 94 and Bike Score® of 87.
The site occupies a signalized corner on Colorado Boulevard and Historic Route 66 in Pasadena. Lake Avenue provides access to the 210 freeway, while the Metro Gold Line station is 0.8 miles away. The property carries PSC* zoning and a 0.50 exterior building FAR. Its pedestrian and bicycle accessibility are reflected in Walk Score® of 94 and Bike Score® of 87.
Key Highlights
- 21,450 SF freestanding retail building on a 0.99‑acre site
- Fully leased to Michaels, an Arts and Crafts retailer operating at the property for more than 25 years
- NNN investment property with single‑building tenancy
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,339
Businesses Nearby
590k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 25%
Superstores 24%
Groceries 20%
Target
Superstores
139,271 visits/mo
0.4 miles
Total Wine & More
Groceries
58,318 visits/mo
0.4 miles
Ralphs
Groceries
57,296 visits/mo
0.2 miles
Michaels
Shops & Services
43,666 visits/mo
0.1 miles
McDonald's
Dining
26,642 visits/mo
0.3 miles
Demographics for 91106, CA
24,172
Population
11,809
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
2.7 sq mi
ZIP Area
8,953
Density / Sq Mi
$89,213
Median Household Income
$59,700
Median Earnings
$2,096
Median Rent
$966,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully leased single-story retail building positioned at a signalized corner with established national-credit tenancy.
Where is this nnn property located?
The property is located at 1155 E Colorado Blvd Pasadena, CA.
What are key features of this property?
This property features: 21,450 SF freestanding retail building on a 0.99‑acre site; Fully leased to Michaels, an Arts and Crafts retailer operating at the property for more than 25 years; NNN investment property with single‑building tenancy
