Multi-Tenant Retail Center in Pasadena
2450 East Foothill Boulevard
Pasadena, CA 91107
Year Built: 1959
Interior: 5,463 sq. ft. (approx.)
Lot Size: 15,054 sq. ft. (approx.)
Ideally situated on a major signalized intersection, this multi-tenant boutique retail center represents a rare opportunity in Pasadena; a marketplace with exceptionally high barriers of entry. Perfect for an owner-user or value-add investor, the four retail suites, plus second floor office space are all efficiently sized and separately metered for utilities.
Abundant on-site customer parking and generous ingress / egress enhances the desirability for prospective tenants and customers alike. The property features an impressive 162 feet of retail frontage along Sierra Madre Blvd, a major thoroughfare through Pasadena. Additional income is generated from the full-scale billboard on the property.
First time on the market in 30 years, this bread & butter retail center is priced to sell and would be a great 1031 exchange property for those seeking an easy to manage, perfectly sized retail property in a marketplace with strong demographics, population density and median income levels. Immense upside due to vacancies and month-to-month leases allow for an immediate boost in cash flow.