Marine Bldg 118-128 N Fair Oaks Ave 10,527 SF Office Building Pasadena, CA 91103 £5,543,517 (£526.60/SF)

NAI Capital Commercial Real Estate is pleased to present an exceptional opportunity to an owner-user to acquire 118-128 N. Fair Oaks Ave. AKA The Marine Building, in the heart of Old Pasadena. The two-story office building with ±10,527 square feet along with ±600 square feet of outdoor patios on the first and second floors sits on ±11,112 square feet of land and is currently occupied by an owner-user law firm but will be delivered vacant.
Built in 1905, the building has had multiple upgrades over the years including early California Craftsman inspired interior improvements, full kitchen, large conference room with suspended room dividers, high ceilings with exposed wood beams and HVAC ducts, Seismic in 1990, Sprinklers in 1989, Exterior Paint and AT&T Fiber 2022, New roof and 9 new skylights 2023 along with above standard power of 600 amps. There is gated secure surface lot for 12 single parking spaces plus plenty of monthly private and public parking in immediate vicinity.
The interior of the space offers 21 private window offices, 6 private interior offices, support staff areas, 1 full service kitchen and a kitchenette, 5 restrooms and 1 shower and 2 conference rooms.
Situated directly across the street from the new $1 Billion Phase 1, 10 W. Walnut mixed-use 210,000 square feet of office and retail and 400 apartment units, this free-standing building is situated in the Old Pasadena Historic District with 200 specialty stores, boutiques and more than 100 upscale restaurants, cozy bistros and outdoor cafes.
Premier location to connect to Pasadena’s vibrant economy.