Fire-Sprinklered
For Sale
Contact for pricing
24-98 N San Gabriel Blvd, Pasadena, CA 91107
Fire-sprinklered warehouse configured with multiple loading doors and 100% leased tenancy.
Property Size29,868 SF
Price / SF$476.76
Days on Market143
Property Features for 24-98 N San Gabriel Blvd
General Information
Standard status
Active
Size
29,868 SF
Total Parking Spaces
44
Property subtype
INDUSTRIAL
Occupancy
100%
Site & Location
Neighborhood
Lamanda Park Merchants & Residents Neighbrhd Assn
Warehouse & Industrial
Clear Height
15 ft
Power
2,600 amps
Voltage
400 V
Three-Phase Power
Yes
Sprinkler System
Yes
Listing Agency:
NAI Capital
(626) 564-4800
Listed By:
John S. Archibald · License #00996775
(626) 660-8228
Source:
Moodyscre
Added: Jun 12
Changed: Oct 25
Last Checked: Oct 30 at 4:59PM
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
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Investment Insights
Based on property information with market context.
This fire-sprinklered warehouse is offered as a 100% leased investment. The facility is powered with 2,600 amps at 400 volts, three-phase, four-wire electricity. It features two 12'x12' GL and DH doors and provides 15' clear height for efficient material handling.
The property totals 29,868 square feet and includes 44 parking stalls, with room for additional parking as needed.
Operational features include sprinkler protection and dedicated power capacity suitable for industrial users that require dependable loading and electrical service.
The property totals 29,868 square feet and includes 44 parking stalls, with room for additional parking as needed.
Operational features include sprinkler protection and dedicated power capacity suitable for industrial users that require dependable loading and electrical service.
Key Highlights
- 100% leased investment
- 2,600 amps, 400 volts, three‑phase, four‑wire power
- Two (2) 12'x12' GL and DH doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$450,546
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,010,920
$9.0M
Cap Rate 7%
$6,436,371
$6.4M
Cap Rate 9%
$5,006,067
$5.0M
Market Conditions
NOI Build-Up for 29,868 SF
Gross rent
$566.3K $18.96/SF
− Vacancy
−$36.2K −$1.21/SF
EGI
$530.1K $17.75/SF
− OpEx
−$79.5K −$2.66/SF
NOI
$450.5K $15.08/SF
Area
Pasadena, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,010,920
Cap Rate 7%
$6,436,371
Cap Rate 9%
$5,006,067
Alternative Uses
Best Use
Warehouse
$6.44M
$5.63M – $7.51M
NOI $450,546 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$672.33M
$588.29M – $784.39M
NOI $47,063,105 @ 7.0% cap · market cap 330.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
15 ft
Clear height
100%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,547
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91107, CA
33,729
Population
14,137
Households
2.4
Avg Household Size
43
Median Age
59%
College-Educated
93%
High-School Grad
8.5 sq mi
ZIP Area
3,968
Density / Sq Mi
$124,880
Median Household Income
$62,250
Median Earnings
$2,311
Median Rent
$1,106,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- ZakiBox — 3016 E Colorado Blvd, Pasadena, CA 91107
- Shipping Container Depot Inc. — 40 N Altadena Dr #201, Pasadena, CA 91107
- Public Storage — 2773 E Colorado Blvd, Pasadena, CA 91107
- STORBOX Self Storage — 2233 E Foothill Blvd, Pasadena, CA 91107
- The Wine Grotto — 2233 E Foothill Blvd #200, Pasadena, CA 91107
Frequently Asked Questions
What type of property is this?
Warehouse - Fire-sprinklered warehouse configured with multiple loading doors and 100% leased tenancy.
Where is this warehouse located?
The property is located at 24-98 N San Gabriel Blvd Pasadena, CA.
What is the asking price?
The asking price for this property is $14,240,000.
What are key features of this property?
This property features: 100% leased investment; 2,600 amps, 400 volts, three‑phase, four‑wire power; Two (2) 12'x12' GL and DH doors
