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46 W. Colorado Blvd. - Old Pasadena

Listing was updated at: 04/24/2019
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Property Overview

Price/Rent PSF $ 15,650,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 5,580
Date Available 10/16/2018
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Description

46 West Colorado is an inline freestanding single story retail building 100% occupied by Athleta. The building was constructed in 1922 and over the years has been improved structurally and cosmetically, including seismic retrofitting. In 2007, the Landlord made substantial capital improvements to the building and in 2014, additional updates and improvements were made by Athleta. The property is located right next door to the Apple Store in the heart of the urban retail of Pasadena. Over 1,000 people per day visit or shop at the store. Our retail neighbors such as Tiffany’s, Lululemon, Tesla, Forever 21 and The Cheesecake Factory speak for the strength of the area. Please do not disturb tenant. Call broker for tour. VALUE-ADD OPPORTUNITY There is potential to DOUBLE the square footage by adding a second floor at a future date. Parking Info: There is a parking easement of 10 spaces for the benefit of the property at 37 South Delacy which affords the new owner flexibility in adding square footage or other potential uses. The frontage of the property is not designated as historic. The owner can make changes to the building’s façade and use.

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