- ACTIVE: $3,105,000
- PROPERTY SUB TYPE: RETAIL
- 22,651 SQFT LOT
The District, a gorgeous one story freestanding retail building located at 3016 E. Colorado
Boulevard in the City of Pasadena, California. Built in 2007, the property is approximately 5,600 square feet situated on just over half an acre. Just south of the 210 freeway and a short distance from the Sierra Madre Villa Metro Station, the District I ideally located in a high-traffic area on Colorado Boulevard, a key thoroughfare in Pasadena.
The current tenant base includes Subway and the United States Postal Service. Ample front-end parking makes for a very convenient and attractive building for tenants and customers alike. The property also has built-in upside because of a current vacancy. The stabilized NOI of approximately $199,355 implies a 6.08% cap rate on the asking purchase price.