

Union Savings Building
Retail | 6.01% CAP | 18,083 SqFt
Marketing description
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest in the Union Savings Building, a cornerstone property in the heart of Old Pasadena. The asset, located at the intersection of N. Raymond Avenue and E. Colorado Blvd, was originally constructed in the early 1900s and has undergone a meticulous restoration that preserved its classic brick exterior, oversized windows, and original architectural detail—while introducing high-end modern finishes, state-of-the-art systems, and creative interiors that now define Pasadena’s boutique office and retail.
With a proven operating history that reflects near-continuous 100% occupancy for more than 15 years, the Union Savings Building has become a magnet for design-forward retail and small-tenant creative office users. The building’s long-term consistency is evident in the sustained relevance of Pasadena’s small-tenant office market, which continues to outperform broader regional trends due to limited supply, strong demand from professional and creative services, and a preference for character-rich, boutique environments.
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