Cadillac Pasadena & Land Rover Pasadena — 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 53 days. Compare it against other retail listings for sale in Pasadena, CA — view the full market.

Estimated Market Rate

$612.99/SF – $829.35/SF

Mid: $721.17/SF

Estimated total for 34,700 SF: $25,024,599 per year

Rate estimator only; cost-of-business estimate unavailable.

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