Industrial Properties in Pasadena, California, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and strategic location. As a hub for high-tech manufacturing and scientific companies, Pasadena provides an ideal environment for industrial properties to thrive. Industrial properties can represent a range of investments, from warehouses and distribution centers to research and development facilities and light manufacturing spaces. Pasadena's amenities, infrastructure, and location make it an attractive location for industrial properties, with access to top educational institutions like Caltech and Pasadena City College, as well as major transportation hubs like the Los Angeles Metro A Line light rail and the Hollywood Burbank Airport. The city's Mediterranean climate and orographic lift from the San Gabriel mountains also contribute to its appeal. With its rich history, cultural attractions, and strong economy, Pasadena is a great place for business and travel, with attractions like the Rose Bowl and the Norton Simon Museum.
Pasadena's industrial properties offer a unique opportunity to tap into the city's diverse economy, which includes retail, entertainment, and technology sectors. With 9 industrial properties available for sale, investors have a range of options to choose from. In addition to industrial properties, Pasadena also offers warehouses, with an average price per square foot of $526 USD and an average size of 28,303 square feet. Land is also available, with an average cap rate of 6.14%. Apartment buildings and commercial real estate are also options, with the latter offering a range of opportunities for retail and office spaces. With its strong economy, rich culture, and strategic location, Pasadena is an attractive location for investors looking to capitalize on the city's growth.
What is the average price per square foot for industrial properties in Pasadena?
The average price per square foot for industrial properties in Pasadena is $526 USD per square foot, with an average size of 28,303 square feet and a largest size of 120,435 square feet among the 9 available listings.
How do location and transportation access affect industrial property values?
Location and transportation access play a significant role in determining industrial property values in Pasadena, as proximity to major transportation hubs, highways, and amenities can increase property values and attract businesses.
- Industrial properties located near the Los Angeles Metro A Line light rail, Hollywood Burbank Airport, and major roads like the Foothill Freeway (I-210) and Ventura Freeway (SR 134) tend to have higher values due to convenient access to transportation and logistics.
- In addition, properties situated near amenities like the Pasadena Water and Power Department (PWP) and the Glenarm Power Plant may also command higher prices due to the availability of essential services.
- Furthermore, industrial properties in Pasadena with easy access to the city's major employers, such as Idealab, Inter-Con Security, and Green Dot Corporation, may also see increased values as businesses seek to be close to their customers and suppliers.
