Pasadena Retail Center Generates Multiple Offers and is Sold by SVN’S Pacific Bridge Team

Share Article

The sale of 825-849 North Lake Blvd. generated a record number of offers, followed by a fast closing. It’s a great win for both interested parties and for the City of Pasadena.

We are very proud of this transaction – with more than ten highly qualified offers on the table, the property sold above the asking price to the great satisfaction of both the seller and the buyer.

SVN | Rich Investment Real Estate, a full-service commercial real estate brokerage firm and part of the SVN® brand, has announced the sale of the 10,825 sf retail center located at 825-849 North Lake Boulevard in Pasadena, CA.

The Pacific Bridge Team, together with Dan Newman, represented both sides of the transaction. According to Tilden Moschetti, CCIM, a senior partner of the Pacific Bridge Team, “Pasadena has been a historically strong market for retail properties. Especially now with the renovation of Downtown Pasadena, it has become a sought-after location for retail buyers. We are very proud of this transaction – with more than ten highly qualified offers on the table, the property sold above the asking price to the great satisfaction of both the seller and the buyer.”

Travis Albee, a senior partner of the Pacific Bridge Team, noted that “the success of this sale came from an extensive marketing campaign that made the property stand out above the competition. We do not hold our listings back, SVN is the only commercial real estate firm that markets all of its properties to the entire brokerage and investment community. Our job is to generate as many offers as we can, so the seller can make their best choice.”

The sale of 825-849 North Lake Blvd. generated a record number of offers, followed by a fast closing. It’s a great win for both interested parties and for the City of Pasadena.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tilden Moschetti

Tilden Moschetti
@Pac_Bridge_CRE
since: 05/2014
Follow >
SVN - Pacific Bridge
Like >
Follow us on
Visit website