Los Angeles, CA –– Executive Vice President Tina LaMonica, SIOR with NAI Capital Commercial’s Pasadena office completed the purchase of an office condominium totaling 8,650 square feet in Pasadena, California. Tina represented the buyer, Triad Law Center LLC, in the transaction. The seller, J & J Property Investment LLC, was represented by KW Commercial. The sale price totaled $4,175,000 or $483 per square foot.
Condominium unit 100C is situated in a modern 8-story 62-unit mixed-use luxury commercial/residential building at 388 Cordova Street in the heart of Pasadena. Originally built in 1980, the condo underwent extensive renovations in 2019/2020, transforming it into a modern and sophisticated space.
Unit 100C, located on the first floor, is a high-end commercial space. The seller invested nearly $2 million in the build-out, resulting in a beautiful modern design with top-notch finishes. This unit features a spacious and welcoming reception area, along with an open space ideal for workstations. Additionally, it offers a grand conference room, five floor-to-ceiling glass window line offices with street views, and 23 covered parking spaces, providing ample parking for employees and clients.
The office condo boasts a central location, within walking distance to various attractions and amenities, including The Paseo, Pasadena Civic Auditorium, City Hall, Hyatt Place, Old Town Pasadena, and Colorado Boulevard.
Tina said, “This deal exemplifies the shifting dynamics in the office space market. My client sought a building where they could tailor it to their law firm’s needs. They found this turn-key office space highly attractive due to its amenities, prime location, and the cost benefit of ownership. Triad Law Center expresses immense satisfaction with the purchase.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 375 brokerage offices and over 6,000 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 6,000 local market professionals, managing in excess of over 1.15 billion square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
