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Pasadena, CA - Union Savings Building

$11,810,000

85 E Colorado Blvd, Pasadena, CA 91103

Active
Last Updated: 07/03/2025

6

Cap Rate

708,609

NOI

Details:
Cap Rate:    6%
NOI:    $708,609
Building Size:    18,083 sqft
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.

Located within the Old Pasadena Historic District, the Union Savings Building is deeply intertwined with the neighborhood’s storied past. Once the city’s original commercial core, Old Pasadena has undergone
a celebrated renaissance, transforming into one of Southern California’s most vibrant urban districts while preserving its rich architectural heritage.

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