NAI Capital Lists Owner-User Opportunity in Pasadena’s Playhouse Village District

NAI Capital Commercial has listed 530–532 E. Colorado Blvd. in Pasadena’s Playhouse Village District for sale, presenting an owner-user opportunity encompassing approximately 99,280 square feet across eight stories. Executive managing director Ryan Campbell, SIOR, and EVP Scott Martin are representing the property.

Built in 1924 and currently vacant, 530–532 E. Colorado Blvd. features a marble-tile lobby, three Otis traction elevators, including two passenger elevators and one freight elevator, and approximately 300 tons of water-cooled chiller capacity. The building also features emergency power supported by two Generac diesel generators and a fully addressable fire alarm and sprinkler system.

“530–532 E. Colorado Blvd. represents a rare opportunity for an owner-user to acquire a substantial office building in one of Pasadena’s most walkable and amenity-rich districts,” said campbell. “The combination of scale, parking, transit access and a central Colorado Boulevard location gives an owner the ability to establish a significant long-term presence in Pasadena while taking advantage of a market where owner-user acquisitions have already reduced available office inventory.”