CBRE Arranges $7M Purchase of Pasadena Office Building
The CBRE team of Kyle Barratt, Kevin Duffy, Natalie Bazarevitsch and Jackie Benavidez helped secure a $7 million sale of a 9,500-square-foot office property in Pasadena, CA. The group represented the seller, a California-based foundation in the transaction. The buyer was Diamond Green LLC, a local real estate investment group.
“CBRE ran a competitive bid process, which generated multiple offers and significant buyer interest,” said Barratt in a news release. “The process helped to maximize value and created favorable deal terms for the seller.”
Built in 1965, the one-story office property is located at 1300 E. Green St., near the Interstate 210 freeway, public transportation, Caltech and Pasadena City College. The building features high ceilings, two bank vaults, a private outdoor patio and 26 surface parking stalls.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!