A foreign private investor has acquired a medical mixed-use property in Pasadena in an all-cash deal. The 100% occupied property traded hands for $5.18 million, and was debt-free.
Located at 777 S. Arroyo Parkway in Pasadena, the property includes medical and retail tenants, including Pizza Hut, Subway and VCA Animal Hospital as well as a dental clinic and nail salon.
CBRE's Alex Kozakov and Patrick Wade represented the unidentified private seller.
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Kelsi Maree Borland
Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.
