Description

535 South Lake Avenue is a retail property for sale in Pasadena, CA, in the South Lake Avenue submarket. Its 6,721 SF of gross leasable area and 50 ft of frontage give buyers a defined retail footprint with a street-facing presence.

The frontage gives an occupier room to establish a visible identity at the address, while building-mounted signage rights provide another way to identify the property from the street. Outdoor seating and patio space add a customer-facing feature to the retail setting. The 6,721 SF of gross leasable area establishes the scale of the building; it is a property measure, not a representation of space available for occupancy. For a buyer considering the property’s retail position, the frontage, signage rights and outdoor area are distinct features to weigh together.

The ownership interest is leasehold, a material part of the acquisition structure for a buyer to understand. NNN is the identified lease type, but the sale is not presented with an in-place income figure or an asking price. Offered without an asking price, 535 South Lake Avenue puts the focus on the property and the interest being acquired: a defined retail building in the South Lake Avenue submarket, with frontage, building-mounted signage rights and outdoor seating or patio space. The opportunity is to acquire that leasehold interest in a retail property whose physical scale and customer-facing features are clear.