690 E Green St Listing Details & Market Data

The Pasadena Playhouse, known as the State Theatre of California, opened its doors in 1923 and since then, the cultural landscape of Playhouse Village has grown exponentially. The area is now home to over 45 restaurants, bars, and coffee shops along with museums, bookstores, and theaters. Notable institutions and corporate tenants have also become part of our vibrant community, making it a bustling hub where almost 24,000 workers are located within a half-mile radius. Playhouse Village boasts a unique retail market with national and regional retailers, Southern California’s oldest and largest independent bookstore, and numerous home furnishings and art boutiques. Come be a part of the diverse mix that makes Playhouse Village a cultural and commercial destination in downtown Pasadena.Lee & Associates – Pasadena is proud to present 690 E. Green Street in Pasadena, CA, a multi-tenant professional office building situated in Pasadena’s Playhouse Village. Constructed in 1959, the ±13,573 property is comprised of ten office suites of various sizes on two complete stories, and a partial third story with a penthouse suite on a ±16,203 SF flat parcel. The property is elevator served, and is master metered for gas and electric. There are 33 on-grade parking spaces in the rear. The suites are easily demised and/or reconfigured depending on the needs of its occupants. Currently, there is ±4,427 SF of vacant office; ±2,907 SF of month-to-month tenancies; and ownership occupies approximately 2,639 SF of office space. The potential exists for a minimum of 7,000 SF (52% of GLA) to be delivered vacant at the completion of a sale, which would qualify for SBA owner-user financing. The ownership is willing to make their suites available as well, if the buyer desires, creating roughly 10,000 SF of space available for an owner user. Pasadena’s Playhouse Village is a vibrant and culturally rich neighborhood nestled in the heart of Pasadena, California. Known for its historic charm and artistic ambiance, the Village revolves around the iconic Pasadena Playhouse, a historic theater that has been a cornerstone of the community since 1917. The area surrounding the Playhouse is a delightful blend of quaint streets, lined with unique shops, trendy boutiques, and diverse dining options. The Village exudes a creative energy, attracting artists, performers, and art enthusiasts alike. With its tree-lined sidewalks and vintage architecture, Pasadena’s Playhouse Village provides a unique and immersive experience for locals and visitors, offering a perfect blend of entertainment, shopping, and culinary delights in a setting that celebrates the city’s rich cultural heritage. The offering presents an ideal owner-user opportunity for a company to occupy a phenomenal asset in the heart of the Pasadena Central Business District and derive income from the existing tenant base; with a long-term redevelopment play should it be desired.