Pasadena Walgreens Trades Hands in $23 Mil Transaction

A 39.3k sf building occupied by Walgreens in Pasadena has sold as a fee-simple property for $23 mil in a deal that closed with a cap rate of 4.9%. Built in 1949, the freestanding building sits on 0.79 acres at 310 South Lake Ave, at the intersection with Del Mar Blvd.

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