Retail Business for Sale in Pasadena, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Pasadena, CA 91107
  • Size: 34,700 SF

Description

Newmark Pacific is pleased to offer qualified investors the opportunity to acquire two high-profile and high-volume luxury dealerships - Land Rover of Pasadena and Pasadena Cadillac are strategically located along Pasadena’s primary commercial corridor at 3475 & 3485 E Colorado Blvd. The dealerships have deep roots at this location with the Cadillac dealership having a 50-year operating history providing investors with tremendous stability. Situated on a recently parcelized ±4.47-acre site, the properties are encumbered by two separate absolute NNN leases with 3% annual increases, providing stable growth, “hands off” passive ownership, and exceptional intrinsic land value.

Market Context

This retail in Pasadena, CA is listed for sale across 34,700 SF. It has been on the market for 6 days. Compare it against other retail listings for sale in Pasadena, CA — <a href="/search/sale/retail/california/pasadena">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

Unified Estimate

Medium Confidence

$318.26/SF – $430.58/SF

Mid: $374.42/SF

Total estimate for 34,700 SF: $12,992,374

Rate-first confidence-weighted blend with cost-of-business adjustment.

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