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    1130 Colorado Blvd Pasadena, CA 91106

    Sponsored
    For Sale
    $12,900,000

    Prime Pasadena retail investment. Strong tenant, high NOI.

    Property size:
    24,076 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a single-tenant, net-leased (NNN) shopping center located at 1130 E. Colorado Blvd., Pasadena, CA 91106. The property boasts a 24,076 square foot building situated on a 1.38-acre lot, currently occupied by Office Depot under a NNN lease with 5 years remaining. The asking price is $12,900,000, representing a price per square foot of $623.03. The property features a current Net Operating Income (NOI) of $679,665, yielding a 5.27% cap rate. A pro-forma NOI of $747,560 projects a 5.80% cap rate, reflecting a 10% rent bump. Built in 1999 and renovated the same year, this single-story building sits on three parcels and is zoned EC-MU-C. The property offers exceptional value and stability due to its strong tenant, long lease term, and prime location in Pasadena, Los Angeles County. The 100% occupancy ensures immediate cash flow, making this an attractive investment for discerning buyers seeking a secure and profitable retail asset. The property's location on Colorado Boulevard provides high visibility and accessibility.

    Property Features for 1130 Colorado Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    24,076 SF
    Lot Size
    60,113 SF

    Building Details

    Year Built/Renovated
    1999/1999
    Buildings
    1
    Stories
    1

    HighLights

    • EC‑MU‑C zoning.
    • 1.38‑acre lot with 60,092 square feet.
    • 24,076 square foot building on three parcels.
    • $12,900,000 asking price ($623.03/SF).
    • 5.27% cap rate with $679,665 NOI; pro‑forma 5.80% cap rate with $747,560 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    FedEx ShipSite Mailing Service Office Depot Print ... Copy Shop Primo Water Exchange Bottled Water Supplier Coinhub Bitcoin ATM ... Atm Office Depot Photo ... Photo Lab

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pasadena
    County
    Los Angeles
    State
    California
    Longitude
    -118.126989
    Latitude
    34.1455627

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Pasadena retail investment. Strong tenant, high NOI.
    Where is this lifestyle center located?
    The property is located at 1130 Colorado Blvd Pasadena, CA.
    What is the asking price?
    The asking price for this property is $12,900,000.
    What are key features of this property?
    This property features: EC-MU-C zoning.; 1.38-acre lot with 60,092 square feet.; 24,076 square foot building on three parcels.
    Request Owner's contact information
    1130 Colorado Blvd Pasadena, CA 91106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1130 Colorado Blvd Pasadena, CA 91106
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