6/12/2007

Office building near Rose Bowl sells for $4.1 million

by
Beaumont Land Acquisitions of Arcadia, Calif. purchased a 11,430 sq. foot office/retail building in the Old Town section of Pasadena, Calif. for $4.1 million ($358 per sq. foot) on June 12.

The property at 39-45 E. Union St. was sold by 39 E Union LLC, which was represented by Scott Martin and Deborah Leudy of NAI Capital.

Jim Read of Sperry Van Ness represented the buyer.

The structure, built in 1905 and renovated in 1989, was 65 percent leased at the time of the sale. Tenants of the building include Chignon Hair Salon and a landscape architect.

The buyer plans to fully lease the remaining space, including a restaurant space that has been vacant. It is located near Colorado Boulevard and the 210 Freeway, just south of the Rose Bowl.

Address: 39-45 E. Union St., Pasadena, Calif.

Size: 11,430 sq. feet

Built: 1905

---

Filed Under: Office

E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us

Comments on this article

No comments have been posted in the last 15 days!

Send us your comments on this article

* - Required fields Subject: * Message: * Contact Name: * Contact URL: Contact Email: * Write the characters in the image above:

Related Headlines

• Colliers International welcomes three brokers in California - 5/29/2009
• Texas hotel sells for $4.275M - 5/29/2009
• Massey Knakal lists NoHo retail building for $5.95M - 5/29/2009
• California industrial building sells for nearly $3 million - 5/29/2009
• NAI facilitates sale of Alaska mixed-use building - 5/28/2009
• Long Beach retail center commands $6.05M - 5/28/2009
• Florida land fetches $2.725M - 5/28/2009
• Marcus & Millichap list Virginia retail store for more than $10.2M - 5/28/2009
• Colliers Arnold stays busy in Tampa - 5/27/2009
• Colliers sells two buildings in California - 5/27/2009