|
OFFERING PRICE:
$54,428,000
CURRENT OCCUPANCY:
100%
TOTAL BUILDING AREA:
±28,421 SF
|
|
|
|
INITIAL BIDS DUE THURSDAY, NOVEMBER 12TH
INVESTMENT HIGHLIGHTS | •
|
Best of Class Tenancy – Featuring corporate leases with Tiffany & Co., Crate & Barrel and Foot Locker, the property acts as a flagship location for the respective brands within the prestigious Old Pasadena Shopping District
|
|
» |
Founded in 1837, Tiffany & Co. (NYSE: TIF) is an international luxury jewelry retailer headquartered in New York City. Tiffany & Co. has over 326 locations, 14,200 employees and a market cap of $13.5 billion
|
|
» |
Crate & Barrel, owned by Otto GmbH one of the largest e-commerce companies globally, is based in Northbrook, IL and currently operates approximately 100 locations, with 7,500 employees
|
|
» |
House of Hoops by Foot Locker (NYSE: FL) has a market capitalization of $4 billion, a revenue of $8 billion, and an S&P rating of BB+
|
•
|
Leasing Momentum – In addition to the recent 10-year renewal of Tiffany & Co. (±5,613 SF), Crate and Barrel (±12,814 SF) and Macha and Desert House (±1,347 SF) are on brand new leases proving the viability of the location within the heavily competitive retail trade area
|
• |
Crate & Barrel Relocation – Crate & Barrel relocated from across W Colorado Blvd., proving the desirability and allure of the location on the superior side of Colorado adjacent to Apple
|
• |
More than 30,500 and 201,000 people within a 1-mile and 3-mile radius with an Average Household Income exceeding $107,900 and $122,000, respectively |
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
|
| |
|
|
|
|
THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.
All of CBRE's COVID-19 related materials have been developed with information from the World Health Organization, the Centers for Disease Control & Prevention (and similar global organizations), public health experts, industrial hygienists, and global subject matter experts across CBRE and our strategic suppliers. Our materials may not be suitable for application to all facilities or situations.
Ultimately, occupiers and landlords must make and implement their own reopening decisions for their individual stakeholders and facilities. CBRE's guidance is intended to help facilitate those discussions and expedite the implementation of those decisions once made by the client. We make no representations or warranties regarding the accuracy or completeness of these materials. CBRE cannot ensure safety and disclaims all liability arising from use of these materials.
|
|