Garden Style Medical Office
For Sale
Contact for pricing
960 E Green St, Pasadena, CA 91106
84.5% leased medical office campus with renovated common areas and 40 spaces totaling 54,598 SF.
Property SizeContact for details
Days on Market122
Property Features for 960 E Green St
General Information
Standard status
Active
Property subtype
Office
Occupancy
85%
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Orange County
(818) 502-6700
Listed By:
Bryan Johnson · License #02018612
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 3:28PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
A best-in-class garden-style medical office campus currently 84.5% leased, supported by 41 medical office tenants. More than two-thirds of the tenants have been at the property for five years or more, and no tenant is shown as occupying more than 5% of the project, helping limit rollover risk. Institutional ownership has completed improvements to the common areas and renovated 40 spaces totaling 54,598 SF, representing 73.9% of the GLA.
The remaining vacancy is described as 11,449 SF, with an additional $154,148 of NOI identified in the remarks by leasing that space at a weighted-average market rental rate of $2.69 per SF per month. The campus is located in the premier South Lake Avenue District of Pasadena, and the remarks note the highest parking and best access within the competitive set, which is expected to improve following completion of a nearby RTI multifamily development.
The same offering also includes a 107-unit RTI multifamily development opportunity. The entitlement process has been completed and the project is advanced to “Ready-To-Issue” building permits, positioning it for immediate construction in the Pasadena submarket described as having low current vacancy.
The remaining vacancy is described as 11,449 SF, with an additional $154,148 of NOI identified in the remarks by leasing that space at a weighted-average market rental rate of $2.69 per SF per month. The campus is located in the premier South Lake Avenue District of Pasadena, and the remarks note the highest parking and best access within the competitive set, which is expected to improve following completion of a nearby RTI multifamily development.
The same offering also includes a 107-unit RTI multifamily development opportunity. The entitlement process has been completed and the project is advanced to “Ready-To-Issue” building permits, positioning it for immediate construction in the Pasadena submarket described as having low current vacancy.
Key Highlights
- 84.5% leased garden‑style medical office campus in Pasadena’s South Lake Avenue District
- 41 medical office tenants; more than two‑thirds have been at the property 5+ years
- No tenant occupies more than 5% of the project, helping limit rollover risk
Property Analytics
Property Profile
Current Use
Lease Details
84.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,349
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 84.5% leased medical office campus with renovated common areas and 40 spaces totaling 54,598 SF.
Where is this medical office space located?
The property is located at 960 E Green St Pasadena, CA.
What are key features of this property?
This property features: 84.5% leased garden‑style medical office campus in Pasadena’s South Lake Avenue District; 41 medical office tenants; more than two‑thirds have been at the property 5+ years; No tenant occupies more than 5% of the project, helping limit rollover risk
