Marcus & Millichap Brokers $22M Sale of Mixed-Use Property in Pasadena, California
PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to a funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller, and Azzi, Banafsheha, Arteen Zahiri and Ian Habbestad of Marcus & Millichap procured the buyer in the transaction.
PASADENA, CALIF. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Avenue, a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the asset to a funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi Group of Marcus & Mililchap represented the seller, and Azzi, Banafsheha, Arteen Zahiri and Ian Habbestad of Marcus & Millichap procured the buyer in the transaction.
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