Pasadenacalifornia 91105

400 For Sale S Fair Oaks Avenue

PasadenaCalifornia 91105

S Fair Oaks Avenue

W Bellevue Drive

INVESTMENT / REDEVELOPMENT OPPORTUNITY IN PASADENA 400 S. Fair Oaks Avenue | Pasadena CA 91105

400 S Fair Oaks Avenue

PasadenaCalifornia 91105

CONFIDENTIALITY AGREEMENT...... 3 HUNTINGTON HOSPITAL AERIAL VIEW...... 4 INVESTMENT SUMMARY...... 5 PARCEL MAP...... 6 ZONING...... 7 PROPOSED ZONING...... 8 ALLOWABLE USES / DEVELOPMENT STANDARDS...... 9 AMENITIES MAP...... 10 METRO MAP...... 11 REGIONAL MAP...... 12 AREA MAP...... 13 DEMOGRAPHICS & TRAFFIC COUNTS...... 14 CITY OF PASADENA OVERVIEW...... 15 PASADENA MARKETPLACE...... 16

400 S Fair Oaks Avenue | Pasadena, CA 2 Confidentiality Agreement

Colliers International (hereinafter “Colliers”) has been retained as the exclusive advisor and fully executed, delivered, and approved by Owner and its legal counsel, and any conditions broker regarding the sale of the Property located at 400 S. Fair Oaks Avenue, Pasadena, to Owner’s obligations thereunder have been satisfied or waived. Colliers is not authorized CA 91105. to make any representations or agreements on behalf of Owner.

This Offering has been prepared by Colliers for use by a limited number of parties and This Offering and the contents, except such information which is a matter of public record does not purport to provide a necessarily complete summary of the Property or any of or is provided in sources available to the public (such contents as so limited herein are the documents related thereto, nor does it purport to be all-inclusive or to contain all of called the “Contents”), are of a confidential nature. By accepting the package, you agree the information which prospective investors may need or desire. All projections have been (i) to hold and treat it in the strictest confidence, (ii) not to photocopy or duplicate it, (iii) developed by Colliers, the Owner, and designated sources and are based upon assumptions not to disclose the package or any of the contents to any other entity (except to outside relating to the general economy, competition, and other factors beyond the control of advisors retained by you, if necessary, for your determination of whether or not to make the Owner and, therefore, are subject to variation. No representation is made by Colliers a proposal and from whom you have obtained an agreement of confidentiality) without or Owner as to the accuracy or completeness of the information contained herein, and the prior written authorization of Owner or Colliers, (iv) not use the package or any of the nothing contained herein is, or shall be relied on as, a promise or representation as to the contents in any fashion or manner detrimental to the interest of Owner or Colliers, and (v) future performance of the Property. Although the information contained herein is believed to return it to Colliers immediately upon request of Colliers or Owner. to be correct, Owner and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such If you have no further interest in the Property, please return this Investment Offering forthwith. information. Further, Colliers, Owner, and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in, or for omission from, ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. this Investment Offering or any other written or oral communication transmitted or made available to the recipient. This Offering does not constitute a representation that there has DO NOT DISTURB OCCUPANT been no change in the business or affairs of the Property or the Owner since the date of preparation of the package. Analysis and verification of the information contained in this package is solely the responsibility of the prospective purchaser. FOR MORE INFORMATION CONTACT: Additional information and an opportunity to inspect the Property will be made available upon written request to interested and qualified prospective investors.

Owner and Colliers each expressly reserve the right, at their sole discretion, to reject any GUILLERMO OLAIZ JOHN S. ARCHIBALD, MCR and all expressions of interest or offers regarding the Property and/or terminate discussions Senior Vice President Senior Vice President with any entity at any time with or without notice. Owner shall have no legal commitment Lic. No. 01778986 Lic. No. 00996775 or obligation to any entity reviewing this Offering or making an offer to purchase the  +1 626 696 1018  +1 626 696 1208 Property unless and until a written agreement for the purchase of the Property has been [email protected] [email protected]

400 S Fair Oaks Avenue | Pasadena, CA 3 PASADENA CENTRAL 400 BUSINESS DISTRICT S Fair Oaks Avenue

AVALON PasadenaCalifornia 91105 100 W. WALNUT DEL MAR STATION NEW NEW +/-825 UNIT +/-612,000 SF PASADENA MIXED USE MIXED USE CITY HALL DEVELOPMENT DEVELOPMENT 177 E. COLORADO

HUNTINGTON HOSPITAL 0.25 Mile

S Fair Oaks Avenue

W Bellevue Drive

400 S Fair Oaks Avenue | Pasadena, CA 4 Investment Summary

EXECUTIVE SUMMARY:

ADDRESS 400 S Fair Oaks Avenue, Pasadena, CA 91105 BUILDING SIZE ±10,212 SF LAND AREA ±0.593 Acres (±25,812 SF) ZONING City of Pasadena CD-6 (Central District Specific Plan) ASKING PRICE $5,500,000

HIGHLIGHTS: • Highly visible Corner Lot with over 300 feet of street facing frontage. • Ideal for Medical Redevelopment due to proposed updated Specific Plan (shown on page 8). • Strong Demographics: Household Incomes average approximately $109,000 within a 1 mile radius. • Large Parcel on main Pasadena commercial thoroughfare allowing for myriad redevelopment opportunities. • Located less than 1 mile south of 210 Freeway and just one block north of Huntington Hospital.

SITE DESCRIPTION: The Subject Property is a prime corner lot measuring approximately 25,812 square feet (0.593 AC) located in Pasadena, California. It is improved by an automotive-servicing building consisting of two structures measuring approximately 10,212 square foot of combined rentable building area. The small improvement (storage area) measures +/-1,378 SF, was built in 1962. The larger improvement (auto servicing building) measures +/-8,834 SF, was built in 1970 (per Assessor).

Great visibility, large retail signage and ease of access from a highly-trafficked commercial thoroughfare. The Subject Property is located on the northeast corner of S. Fair Oaks Avenue and E. Bellevue Drive.

There are 200’ linear feet facing E. Bellevue and 130’ linear feet facing S. Fair Oaks Ave.

NOTICE: DO NOT DISTURB TENANT.

400 S Fair Oaks Avenue | Pasadena, CA 5 Parcel Map

PARCEL NUMBER 5722-004-001

ZONING CD-6 (Central District Specific Plan)

BUILDING SIZE ±10,212 SF

LAND SF ±25,812 SF (±0.593 Acres)

5722-004-001

400 S Fair Oaks Avenue | Pasadena, CA 6 ZONING:

Specific Plan: CD-6: Central District Specific Plan within the Transit Oriented Development (“TOD”) Overlay Zoning

SPECIFIC PLAN GENERAL PLAN

SITE SITE

General Plan: Medium Commercial (0.0-2.0 FAR)

CITY OF PASADENA ZONING MAP CITY OF PASADENA LAND USE DIAGRAM

400 S Fair Oaks Avenue | Pasadena, CA 7

South Fair Oaks Specific Plan Figure X-X South Fair Oaks Land Use Concept Site Land Use Concept

Metro Station

Proposed Zoning Metro Goldline Assessor Parcel Building DEL MAR BLVD. FAIR OAKS AVE. OAKS FAIR EDMONSON ALY. ARTS & INNOVATION FLEX DISTRICT AVE. RAYMOND South Fair Oaks 3-4 stories 1.0 - 2.0 FAR

WAVERLY DR. Use Focus: • Flex space, including instructional, light manufacturing, MAY ALY. SITE creative office, biotech, medical, R&D, assembly spaces,

breweries/brew pubs, restaurant ALY. TENHAEFF BELLEVUE DR. • Live/work • Neighborhood retail along California Blvd. and Fair Oaks Ave.

Key Features: HERR ALY. PALMETTO DR. • Maintain existing eclectic character • Establish parking reductions to encourage incubator space and infill development • Require urban plazas and/or paseo connections through blocks CALIFORNIA BLVD.

OUR PASADENA is a three-year program to update the City’s Specific Plans and Zoning Code to establish new development standards and design guidelines that support the vision, objectives, and policies established in the General Plan.

SOURCE: www.ourpasadena.org

400 S Fair Oaks Avenue | Pasadena, CA 8

Service Layer Credits: Service Layer 3/12/2018 5:00:58 PM amy.burgess

CONCEPTUAL DESIGN STANDARDS

BUILDING FORM AND PLACEMENT STREETSCAPES AND OPEN SPACE - Height transitions adjacent to residential neighborhoods - Active ground oor standards - Setbacks that enhance the public realm - Enhance street tree and landscaping coverage for pedestrian comfort - Street wall and building form articulation or breaks - Encourage ground oor-accessible public/private open space - Pedestrian-oriented site design standards

Round 2 Workshop | June 20, 2019 Allowable Uses/Development Standards

ADDRESS 400 S. Fair Oaks Ave, Pasadena, CA 91105 LOT SIZE ±25,812 Square Feet (0.59 AC) SPECIFIC PLAN ZONING CD-6: Central District Specific Plan within the Transit Oriented Development (“TOD”) Overlay (1.25 FAR) GENERAL PLAN ZONING General Commercial (CG) – Medium Commercial MAXIMUM FAR 1.25 FAR (Specific Plan) 2.0 FAR (General Plan) DU/ACRE N/A HOUSING Expressly Prohibited in CD-6 Specific Plan Zoning MIXED-USE (RESIDENTIAL & COMMERCIAL) Expressly Prohibited in CD-6 Specific Plan Zoning LIVE/WORK Conditionally Permitted MEDICAL USES Permitted OFFICE, PROFESSIONAL Permitted RESTAURANTS Permitted HOTELS Requires CUP BUILDING HEIGHT Maximum: 45 ft/3 stories

*All zoning information and user permit requirements should be thoroughly verified with the City of Pasadena’s Planning Department. Brokers make no zoning and/or permit requirement recommendations.

Source: City of Pasadena Planning Department https://www.cityofpasadena.net/planning/

400 S Fair Oaks Avenue | Pasadena, CA 9 Conceptual Plan - Medical Office

400 S Fair Oaks Avenue | Pasadena, CA 10 PASADENA CENTRAL Amenities Map BUSINESS DISTRICT 100 W. WALNUT NEW 612,000 SF PASADENA MIXED USE ROSE BOWL JPL DEVELOPMENT 177 E. COLORADO CITY HALL

+/- 825 UNIT MIXED-USE DEVELOPMENT

AVALON DEL MAR STATION CENTRAL PARK

SALVATION ARMY

GOODWILL S Raymond Avenue

KELLY PAPER

DAVITA 400 S Fair Oaks Avenue HEALTHCARE PARTNERS

PasadenaCalifornia 91105 PASADENA WINE STORAGE

S Fair Oaks Avenue

W Bellevue Drive

HUNTINGTON HOSPITAL BLUEBEAM INC. 0.25 Mile

GALE’S RESTAURANT

400 S Fair Oaks Avenue | Pasadena, CA 11 Metro Map

ROUTE MAP SUBJECT PROPERTY

METRO NoHo - Pasadena Express A va PASADENA ARCADIA

Metro Express Line 501 provides daily service from AnitSant Aa va

North Hollywood Station (Metro Orange & Red Lines) to the ve AMyrtl ve Arroyo Bl Lincoln Av Fair Oaks Av Los Robles Av Lake Av Hill Av Allen Av Altadena Dr Metro Gold Line (Del Mar & Memorial Park Stations). Linda Vist For more information, go to metro.net l Mountain St Sierra Madre Bl o AZUSA Sierra Madre Villa Av 210 Orange Grove Bl Highland Av Baldwin Av Villa St MONROVIA DUARTE LAKE ALLEN SIERRA MADRE AZUSA DOWNTOWN APU/CITRUS COLLEGE 134 VILLA MEMORIAL PARK Walnut St Foothill Bl Huntington Dr Foothill Bl r s Holly St Colorado Bl 210 p DUARTE/CITY IRWINDALE Alosta Av k n OF HOPE e Blvange Gro e Blvange IRWINDALE DEL MAR Del Mar Bl ARCADIA MONROVIA

oa St Duarte Rd m q AIrwindal ve 210 California Bl

Figuer 605 Arroyo Pkwy Raymond Av

Fillmore St Madre St

FILLMORE Rosemead Bl Michillinda Av Or Baldwin Av Azusa Av Citrus Av SOUTH Glenarm St San Gabriel Bl HIGHLAND 19 PARK PASADENA Sierra Madre Bl CONNECTIONS/PARKING Union Station LOS ANGELES York Bl 110 PAID PARKING Metro Red Line, Purple Line; Silver Line (910/950); MOUNT SOUTH PASADENA Mission St Local 40, 68, 70, 71, 76, 78, 79, 378, 442, 487, 489; Av 50

San Fernando RdWASHINGTON Av 54 Monterey Rd Rapid 704, 728, 733, 745, 770 Amtrak/Metrolink Av 57 Huntington Dr Los Angeles River Museum Dr Foothill Transit 493, 495, 497, 498, 499, 699, Silver Streak LADOT DASH B, D; DASH Lincoln Heights/Chinatown; Commuter HIGHLAND PARK Express 431, 534; Union Station/Bunker Hill Shuttle Metrolink Antelope Valley Line, Ventura County Line, San Bernardino j Line, Riverside Line, Orange County Line, 91 Line SOUTHWEST LEGEND Amtrak Pacific Surfliner, Coast Starlight, Southwest Chief, Sunset Fair Oaks Av MUSEUM Via Marisol Metro Gold Line Limited/Texas Eagle, San Joaquin Bus Connection Other Providers Santa Monica Big Blue Bus Rapid 10; Torrance Transit 4; Figueroai St Metro Red/Purple Line CYPRESS Marmion Wy Orange County Transportation Authority 701, City of Santa Clarita MONTECITO Metro Rail Station Transit 794; Antelope Valley Transit Authoirty 785, USC Shuttle, PARK Commerce Citadel Outlets Express; Megabus; LAX Flyaway y Rd on Dr Metro Rail Station and Timepoint 5 h HEIGHTS e Chinatown er # Point of Interest Metro Local 76 Huntingt HERITHERITAGEAGE SQUARE LADOT DASH B, Lincoln Heights/Chinatown; Commuter Express 409, 419 Av 26 Mont Freeway Metrolink/Amtrak Other Providers City of Santa Clarita Transit 799 LINCOLN/ g CYPRESS LINCOLN MAP NOTES Lincoln/Cypress FREE PARKING DOWNTOWN HEIGHTS Metro Local 251; Rapid 751 Pasadena Av LOS ANGELES a East LA College METRO GOLD LINE MAP 110 N Broadway Heritage Square FREE PARKING Cesar E ChavezCollege Av St b MOCA at Geffen/Japanese American Valley Bl Metro Local 83 LITTLE TOKYO/ N Main St 10 National Museum ARTS DISTRICT f Southwest Museum CHINATOWN 5 Mission Rd c LA Civic TheCenter/Grand Subject Park Property is located a short 1/4 mile 101 d Patsaouras Transit Plaza/ Metro Local 81, 83 CIVIC CENTER/ 1st St Gatewaywalking Transit Center distance fromHighland the Park Gold Line Del Mar Station GRAND PARK 5 UNION STATION Metrolink e Olvera Street c Metro Local 81, 83, 256 4 710 f Chinatown (Dining/Shopping) LADOT DASH Highland Park/Eagle Rock b 10 PICO/ALISO BOYLE g Dodger Stadium South Pasadena PAID PARKING

oa St Alameda St HEIGHTS h Historic Heritage Square Metro Local 176 LITTLE TOKYO/ A vMednik i Debs Regional Park Hill St MARIACHI Fillmore FREE PARKING Figuer BroadwayMain St ARTS DISTRICT EAST LA PLAZA 1st St a j Southwest Museum SOTO Cesar E Chavez Av CIVIC Metro Local 260, 686, 687; Rapid 762 Metro Red Line to 4th St k Old Pasadena (Dining/Museum/Shopping) Pasadena Transit 20, 51/52 N. Hollywood. CENTER

ak/ 1st St Metro Purple Line olink 101 o StSot l Rose Bowl Del Mar PAID PARKING INDIANA 3rd St 60 to Wilshire/Western m California Institute of Technology Metro Local 177, 256, 260, 686, 687; Express 501; Rapid 762 Amtr Metr ena StLor ATLANTIC vern AtEas vern MARAVILLA Bev n Pasadena City College Foothill Transit 187 60 erly Bl o Victory Park Pasadena Transit 20, 51/52

d Bl Indiana St Indiana orF Memorial Park EAST p Santa Anita Racetrack Atlantic Bl q City of Hope Medical Center Metro Local 177, 180, 181, 256, 260, 267, 686, 687; Express 501; Arizona Av LOS ANGELES Rapid 762, 780 r Azusa Pacific University Pasadena Transit 20, 40, 51/52 s Citrus Community College Other Providers Foothill Transit 187; LADOT Commuter Express 549

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information 151076 including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved. 400 S Fair Oaks Avenue | Pasadena, CA 12 RegionalW Woodbury Rd Map

Allen Ave

Lake Ave evA nlocniL evA

N Arroyo Blvd Arroyo N 2 New York Dr Surrounding

rD anedatlA N anedatlA rD

evA selboR soL N soL selboR evA Amenities

E Washington Blvd 1. Pasadena Community College evA skaO riaF N riaF skaO evA

evA nellA N nellA evA N Lake Ave 2. Jet Propulsion Laboratory 3. California Institute of Technology

evA lliH N lliH evA 4. Rose Bowl

210 5. Huntington Memorial HospitalE Sierra Madre Blvd 4 E Orange Grove Blvd

Brookside Park E Maple St 210 W Maple St Corson St

PASADENA dvlB erdaM arreiS S arreiS erdaM dvlB W Colorado Blvd 400 S Fair Oaks Ave E Colorado Blvd

1 erdaM tS Pasadena, CA

S Orange Grove Blvd Grove Orange S

S Marengo Ave Marengo S

S Los Robles Ave Robles Los S

S Pasadena Ave Pasadena S

S Fair Oaks Ave Oaks Fair S 19 3 E California Blvd

5 S San Gabriel Blvd

110 Huntington Dr

rD oyorrA rD Columbia St SAN MARINO

State St 400Duarte S Fair Rd Oaks Avenue | Pasadena, CA 13 Monterey Rd SOUTH PASADENA Huntington Dr Area Map

Surrounding Amenities

1. Pasadena Community College 2. Jet Propulsion Laboratory 3. California Institute of Technology 4. Rose Bowl 400 S Fair Oaks Avenue 5. Huntington Memorial Hospital 2 6. City of Hope Hospital PasadenaCalifornia 91105

1 0.5 Mile from Old Town Pasadena 5 3

6 11.2 Miles from Dodger Stadium

14.3 Miles from Downtown Los Angeles

USC

400 S Fair Oaks Avenue | Pasadena, CA 14 Demographics & Traffic Counts

Population 1 Mile Radius 3 Mile Radius 5 Mile Radius Street Cross Street Year Count 2024 Projection 25,951 215,210 563,052 S Fair Oaks Ave Waverly Dr 2018 33,494 2019 Estimate 25,305 212,867 557,893 E Bellevue Dr Edmondson Aly 2018 1,496 2010 Census 22,645 207,089 548,040 Traffic Counts provided by CoStar Growth 2019 - 2024 2.55% 1.10% 0.92% Growth 2010 - 2019 11.75% 2.79% 1.80%

2020 Population by Race 1 Mile Radius 3 Mile Radius 5 Mile Radius White 16,303 137,551 339,266 Black 1,796 16,948 34,222 Native American & Alaskan 180 2,674 7,316 Asian 6,061 47,717 158,339 33,494 Hawaiian & Pacific Islander 26 365 1,000 Other 939 7,613 17,749 1,496 Households 1 Mile Radius 3 Mile Radius 5 Mile Radius 2019 Average Household Size 1.80 2.50 2.70 2019 Average Household Income $108,618 $107,402 $100,876 2019 Med Household Income $84,621 $77,508 $73,004 Owner Occupied 4,210 36,328 97,244 Renter Occupied 9,647 46,065 100,208

Housing 1 Mile Radius 3 Mile Radius 5 Mile Radius 2019 Median Home Value $803,276 $808,330 $759,701 2019 Median Avg Year Built 1974 1958 1957 Demographics provided by Claritas, LLC 2019

400 S Fair Oaks Avenue | Pasadena, CA 15 City of Pasadena Overview

PASADENA EMPLOYMENT

Pasadena is attractive to many Fortune 500 companies and small firms for its ability to create a pro-business environment with a high quality labor base. The city’s depth of technology related institutions and world-class universities create an atmosphere where extraordinary minds unite to build successful companies large and small. Often, these companies are spin-offs from the region’s larger organizations (Parsons, Jacobs Engineering and Avery Dennison). Since 1998, over 100 start-up companies have been launched from Caltech, JPL and Art Center. The city’s top employers are NASA Jet Propulsion Laboratory, with over 5,000 employees; Kaiser Permanente, with over 4,700 employees; and Huntington Hospital, with over 3,300 employees.

400 S Fair Oaks Avenue | Pasadena, CA 16 Pasadena Marketplace

30% 33% 3.8% RENT INCREASE RENT INCREASE UNEMPLOYMENT LOW VACANCY

RETAIL OFFICE RESIDENTIAL

Pasadena is home to two of the most exclusive Since 2010, Pasadena has made significant Pasadena is at or near the top of the strongest and highly-trafficked retail corridors in Greater employment gains, primarily in the medical, residential markets in Los Angeles. It rivals Los Angeles: Old Pasadena and South Lake engineering, technology, and financial only the beach cities in West Los Angeles as Avenue. Rental demand remains strong industries. Most recent estimates peg the city’s the choice community for young professionals within these districts. According to Costar, rate of unemployment at 3.8%, one of the lowest and high-income households. The Pasadena retail rents have increased 30% since 2012. in Southern California, and, historically, the city multi-family market is characterized by some Old Pasadena is a historic thoroughfare that has outpaced the region with an average rate of the lowest vacancy and highest rental includes an eclectic mix of over 200 specialty of unemployment hovering under 6% over the rates in Southern California, driven by rapidly boutiques, restaurants, and international last two decades. The Pasadena office market improving demographics, an influx of foreign luxury retailers. South Lake Avenue is a unique has experienced a 33% increase in rental capital, and a push to create a more transit- 12-block corridor with over 600 businesses, 2 rates since 2012. The city’s pro-business oriented community. million square feet of Class A office space and attitude; lack of city business, parking, or a 450,000 square foot regional mall known as utility taxes; along with its central location and The Shops on Lake Avenue. transportation access have all contributed to attracting a diverse labor base and generating a productive business environment.

SOURCE: Costar

400 S Fair Oaks Avenue | Pasadena, CA 17 FOR SALE | INVESTMENT / REDEVELOPMENT OPPORTUNITY IN PASADENA 400 S. Fair Oaks Avenue | Pasadena, CA 91105

S Fair Oaks Avenue W Bellevue Drive

GUILLERMO OLAIZ JOHN S. ARCHIBALD, MCR COLLIERS INTERNATIONAL Senior Vice President Senior Vice President 701 North Brand Boulevard | Suite 800 Lic. No. 01778986 Lic. No. 00996775 Glendale, CA 91203  +1 626 696 1018  +1 626 696 1208  +1 818 334 1900 [email protected] [email protected] Lic. No. 01908231 www.colliers.com Accelerating success. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020, All rights reserved.