1000 Fremont Ave
South Pasadena, California
Introduction
Stats
- Property Type Office
- Theater
- Year built 1925
- Building size (SF) 12,057
- Size (Ac) 0.48
- Price $5,400,000
- NOI Proforma $385,459
- Cap Rate Proforma 7.14%
The Fremont Theatre & Office Building
Built in 1925, this once in a generation investment pride of ownership opportunity has a long-storied past, first as a mortuary and then repurposed for what felt like were it’s roots as a live performing arts theater space. The well established (22) office, retail, and service tenants on 2 floors are anchored by an interior beautiful courtyard and an absolute “best of” restaurant with Fiore Café and their magnificent outdoor garden space. This iconic building (cherished by the existing beloved operators and other legends who called it home including Ray Bradbury) is an absolute irreplaceable trophy asset in the heart of historic South Pasadena. Large long term leased parking lot comes with the sale.
Unique Investment Opportunity
Highly visible, signalized intersection
Mostly short-term leases in place
Prime location in South Pasandna
Boasting exceptional demographics
Tremendous upside potential
