48 S Chester Ave
For Sale | Owner-User Opportunity | 14,700 S Office Building on 0.46 Acres
Marketing description
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 48 South Chester Avenue, a two-story office building totaling 14,700 rentable square feet situated on 0.46 acres in Pasadena, California.
Located within Pasadena's highly desirable South Lake/Caltech corridor, the Property sits just south of East Colorado Boulevard and steps from the California Institute of Technology (Caltech), one of Southern California's premier research and innovation institutions.
The Property benefits from immediate access to a highly educated workforce, an extensive amenity base along South Lake Avenue, and convenient connectivity throughout the San Gabriel Valley and greater Los Angeles region. Featuring 48 on-site parking stalls, solar infrastructure, EV charging capabilities, and efficient floor plates, the building is well-positioned for a variety of owner-user, office, technology, education, research, and nonprofit occupiers.
48 South Chester Avenue offers the opportunity to acquire a freestanding office asset with strong corporate identity, exceptional parking, and rooftop amenity potential in one of Pasadena's most established and supply-constrained office submarkets.
Investment highlights
- An opportunity for immediate or near-term full building occupancy, allowing for complete customization and utilization.
- Efficient floor plates and existing infrastructure support a wide range of uses including traditional office, technology, education, nonprofit, laboratory, research, and flex-oriented occupiers seeking a highly functional workspace environment.
- Located adjacent to Caltech and within one of Southern California's leading technology, research, and education hubs. The surrounding area is home to a concentration of innovation-driven employers spanning aerospace, engineering, healthcare, and advanced technology sectors.
- The Property is equipped with existing EV charging capabilities and solar infrastructure, reducing future capital requirements and enhancing functionality for a variety of users.
- The Property features a large secured parking lot with 48 on-site spaces, providing an above-market parking ratio that is difficult to replicate within Pasadena's urban core.
- Existing roof access creates the opportunity for a future outdoor collaboration area, employee amenity space, or rooftop terrace with views toward the San Gabriel Mountains and surrounding Pasadena skyline.
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