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2616-2620 East COLORADO BLVD PASADENA, CA 91107

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2616-2620 East COLORADO BLVD PASADENA, CA 91107 ENDLESS POSSIBILITIES 2616-2620 East COLORADO BLVD PASADENA, CA 91107 PRIME OWNER-USER AND/OR INVESTMENT OPPORTUNITY ON A RARE COLORADO BLVD. CORNER IN THRIVING PASADENA OFFERING MEMORANDUM Affiliated Business Disclosure reference purposes only and are based on assumptions its contents to any other entity without the prior written relating to the general economy, market conditions, authorization of the Owner or CBRE, Inc. You also agree that CBRE, Inc. operates within a global family of companies competition and other factors beyond the control of you will not use this Memorandum or any of its contents with many subsidiaries and/or related entities (each an the Owner and CBRE, Inc. Therefore, all projections, in any manner detrimental to the interest of the Owner or “Affiliate”) engaging in a broad range of commercial real assumptions and other information provided and made CBRE, Inc. estate businesses including, but not limited to, brokerage herein are subject to material variation. All references to services, property and facilities management, valuation, acreages, square footages, and other measurements are If after reviewing this Memorandum, you have no further investment fund management and development. At times approximations. Additional information and an opportunity interest in purchasing the Property, kindly return this different Affiliates may represent various clients with to inspect the Property will be made available to interested Memorandum to CBRE, Inc. competing interests in the same transaction. For example, and qualified prospective purchasers. In this Memorandum, this Memorandum may be received by our Affiliates, certain documents, including leases and other materials, including CBRE Investors, Inc. or Trammell Crow Company. are described in summary form. These summaries do Those, or other, Affiliates may express an interest in the not purport to be complete nor necessarily accurate Disclaimer property described in this Memorandum (the “Property”) descriptions of the full agreements referenced. Interested may submit an offer to purchase the Property and may parties are expected to review all such summaries and other © 2017 CBRE, Inc. The information contained in this documents of whatever nature independently and not rely be the successful bidder for the Property. You hereby document has been obtained from sources believed on the contents of this Memorandum in any manner. acknowledge that possibility and agree that neither CBRE, reliable. While CBRE, Inc. does not doubt its accuracy, Inc. nor any involved Affiliate will have any obligation to CBRE, Inc. has not verified it and makes no guarantee, disclose to you the involvement of any Affiliate in the sale or Neither the Owner or CBRE, Inc, nor any of their respective warranty or representation about it. It is your responsibility to purchase of the Property. In all instances, however, CBRE, directors, officers, Affiliates or representatives make any independently confirm its accuracy and completeness. Any Inc. will act in the best interest of the client(s) it represents representation or warranty, expressed or implied, as to the projections, opinions, assumptions or estimates used are in the transaction described in this Memorandum and will accuracy or completeness of this Memorandum or any of its for example only and do not represent the current or future not act in concert with or otherwise conduct its business contents, and no legal commitment or obligation shall arise performance of the property. The value of this transaction in a way that benefits any Affiliate to the detriment of any by reason of your receipt of this Memorandum or use of its to you depends on tax and other factors which should other offeror or prospective offeror, but rather will conduct contents; and you are to rely solely on your investigations be evaluated by your tax, financial and legal advisors. You its business in a manner consistent with the law and any and inspections of the Property in evaluating a possible and your advisors should conduct a careful, independent fiduciary duties owed to the client(s) it represents in the purchase of the real property. investigation of the property to determine to your satisfaction transaction described in this Memorandum. the suitability of the property for your needs. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions Confidentiality Agreement with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The This is a confidential Memorandum intended solely for your Owner shall have no legal commitment or obligation to any limited use and benefit in determining whether you desire entity reviewing this Memorandum or making an offer to to express further interest in the acquisition of the Property. purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions This Memorandum contains selected information pertaining to the Owner’s obligations therein have been satisfied or to the Property and does not purport to be a representation waived. of the state of affairs of the Property or the owner of the Property (the “Owner”), to be all-inclusive or to contain all or part of the information which prospective investors may By receipt of this Memorandum, you agree that this require to evaluate a purchase of real property. All financial Memorandum and its contents are of a confidential nature, projections and information are provided for general that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of 2 Contacts Edward Matevosian Lic. 1358783 +1 818 502 6744 [email protected] ANITA PEMSTEIN LIC. 00779581 Contents +1 626 688 1736 [email protected] Natalie Aghaei Market Overview // 4 Lic. 01939416 • AREA Overview +1 310 948 2948 [email protected] • Demographics 2616 E. COLORADO BLVD // 8 • Property Information Market Overview AREA Overview Demographics AREA OVERVIEW RARE INVESTMENT AND/OR OWNER-USER OPPORTUNITY IN AN EVOLVING COMMERCIAL CORRIDOR Nestled between Downtown Los Angeles, Glendale, and the San Gabriel Valley, the City of Pasadena is located in Los Angeles County, California. With over 130,000 residents, Pasadena is the 183rd largest city in the United States.. Pasadena is known for hosting the annual Rose Bowl football game and Tournament of Roses parade. Pasadena is also home to the California Institute of Technology, Pasadena City College, Art Center College of Design, the USC Pacific Asia Museum, the Pasadena Playhouse, and the Norton Simon Museum. Pasadena is known for its culture of performing and visual arts, museums and galleries, literature, its historical estates, and the famous Orange Grove Boulevard. TRANSPORTATION The Los Angeles Metro Gold Line light rail passes through six stations in Pasadena, including the Fillmore Station, Del Mar Station, Memorial Park Station, Lake Station, Allen Station and Sierra Madre Villa Station. The same Metro Gold Line that passes through Pasadena recently extended through the San Gabriel Valley to Arcadia, Monrovia, Duarte, Irwindale and Azusa. Other than the Metro Line, Pasadena is served by various bus services and trains, including the Amtrak. The closest airport to Pasadena would be the Bob Hope Airport located in Burbank. Pasadena is served by four freeways– the 210, 134, 710, and 110 Freeways. TOP EMPLOYERS Employer # of employees Employer # of employees Jet Propulsion Laboratory 5,029 OneWest Bank 800 Kaiser Permanente 4,760 Parsons 650 California Institute of Technology 3,900 Hathaway-Sycamores 615 Huntington Hospital 3,200 The Langham Huntington 584 Pasadena Unified School District 3,000 Western Asset 577 AT&T 2,525 Rusnak Auto Group 450 City of Pasadena 2,179 East West Bank 342 Pasadena City College 1,500 Avon Products 249 Bank of America 1,300 Pacific Clinics 1,100 Art Center College of Design 883 5 DEMOGRAPHICS pOPULATION 1 Mile 2 MileS 3 Miles 5 Miles Household Income 1 Mile 2 Miles 3 Miles 5 Miles 2016 Estimated Population 19,541 74,431 186,068 475,748 2016 Average Household Income $109,655 $117,697 $110,479 $104,279 2021 Estimated Population 20,327 76,875 191,556 489,827 2021 Average Household Income $120,362 $128,675 $120,733 $114,277 Growth 2016-2021 0.79% 0.65% 0.58% 0.58% Education Attainment 1 Mile 2 Miles 3 Miles 5 Miles Households 1 Mile 2 MileS 3 Miles 5 Miles 2016 Population 25 and Over 14,318 54,007 134,955 342,046 2016 Households HS and Associates Degrees 38.1% 36.3% 36.4% 41.1% 7,896 28,903 73,368 172,456 Current Year Estimate Bachelor's Degree or Higher 54.9% 55.6% 54.4% 45.8% 2021 Households 8,178 29,741 75,237 176,874 Five Year Projection 2010 Households - Census 7,626 28,224 72,037 169,195 2010-2016 Annual Household 0.56% 0.38% 0.29% 0.31% Growth Rate Housing Units 1 Mile 2 Miles 3 Miles 5 Miles 2016-2021 Annual Household 0.70% 0.57% 0.50% 0.51% Growth Rate 2016 Housing Units 8,366 30,499 78,447 183,615 2016 Average Household Size 2.46 2.54 2.50 2.72 2016 Vacant Housing Units 5.6% 5.2% 6.5% 6.1% 2016 Occupied Housing Units 94.4% 94.8% 93.5% 93.9% 2016 Owner Occupied Housing 47.8% 51.6% 46.0% 47.3% Units 2016 Renter Occupied Housing 46.6% 43.1% 47.5% 46.6% Units 6 DEMOGRAPHIC BRIEF 2616 E COLORADO BLVD DEMOGRAPHICS Map 7 NAME LATITUDE LONGITUDE 2616 E COLORADO BLVD 34.14579 -118.096331 ©2016 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it.
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