Listed by NAI Capital - Pasadena
$14,240,000
100% NNN Leased Single-Tenant Industrial
Details
Property Type Industrial
Sub Type R&D, Flex
Square Footage 29,868
Cap Rate 6.00%
NOI $854,629
Occupancy 100%
Tenancy Single
Brand/Tenant Captura Corporation
Lease Type NNN
Lease Term 6
Lease Expiration 11/30/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options One (1) Option for Five (5) Years at Fair Market Value (not less than 103% of final-year rent)
Price per SqFt $477
Year Built 1940
Year Renovated 2025
Buildings 2
Acreage 1.280
Zoning Commercial Flex (LP-CF): allows flexibility for light industrial
Parking Spaces 44 spaces
Parking Per SqFt 1.47
Investment Type Stabilized
Lease Commencement 11/13/2024
Occupancy Date 12/01/2024
Ground Lease No
Ceiling Height 15'
Loading Docks 2
Dock High Doors 2
Ownership Fee Simple
Single-Tenant NNN Industrial | 6.0% CAP | 29,868 SqFt
Marketing description
The Subject Property consists of an approximately ± 29,868 square foot state-of-the-art R&D/Flex industrial facility situated on a ± 55,087 square foot (± 1.26 Acres) parcel 100% leased to Captura Corporation (originally founded at Caltech in 2021) on a NNN basis. The building features high-end improvements, including multi-million-dollar laboratory upgrades and executive offices with specialized lab buildout, creating a modern, turnkey environment optimized for advanced research, development, and light manufacturing/flex uses.
Investment highlights
- 100% leased to Captura Corporation on a Triple Net (NNN) basis.
- Captura was founded at Caltech and is a Musk Foundation XPRIZE Carbon Removal competition winner for its Direct Ocean Capture (DOC) technology.
- State-of-the-art R&D/Flex facility with specialized lab buildout.
- Prime Pasadena location blocks from CalTech.
- Multi-million-dollar laboratory upgrades and executive offices.
- 2,600 AMP | 3 Phase | 4 Wire | 400 Volt power (highest allowed by city of Pasadena).
- Four (4) loading doors (2 ground level, 2 dock high).
- 3% annual rent escalations.
- ± 4.5 Years remaining in Initial Lease Term.
- One additional (1) five-year Renewal Option.
Listing Contacts
Listed by NAI Capital - Pasadena
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$854,629.00
$71,219.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
LP-CF CommercialSpecial CommercialLamanda Park Commercial Flex
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View all 128 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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