Pasadena Tower I

Property Type Office - General Office
Property Size 229,596 SF
Lot Size 2.26 Acre
Parking Spaces Avail. 688
Parking Ratio 3.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 1989

Location

Map
Street

City Pasadena, CA
Neighborhood South Lake
Zip Code 91101
Market Los Angeles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

Purchase Date 14 Mar, 2016
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Pasadena

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

Unlock on CommercialEdge

Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

Unlock on CommercialEdge

Asking Rents in Pasadena Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $41.26
2020 Office Vacancy Rate 14.78%
2020 Office Completions (SF)

Pasadena Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $296.77
2020 Office Sales Volume $240M
2020 Number of Transactions 4

View more Pasadena market trends

Tax

Property Tax in 2021-2022 $2,087,143
Market Value* $195,773,586
Assessed Value $195,773,586

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Pasadena Tower I?

Pasadena Tower I totals 229,596 square feet.

When was this property built?

Pasadena Tower I was built in 1989.

When was Pasadena Tower I last sold?

Pasadena Tower I was last sold on 14 Mar, 2016.

What is the property tax for Pasadena Tower I?

The property tax for Pasadena Tower I in 2021-2022 was $2,087,143.

What is the market value for Pasadena Tower I?

The market value* for Pasadena Tower I in 2021-2022 was $195,773,586.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.