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24-98 N. San Gabriel Blvd.
Pasadena, CA 91107
Asking Price
$14.24M
Cap Rate
6%
Asset Type
R&D Industrial
Class
Class B
What's Special
Single-Tenant NNN Industrial | 6.0% CAP | 29,868 SqFt <ul><li>100% leased to Captura Corporation on a Triple Net (NNN) basis.</li><li>Captura was founded at Caltech and is a Musk Foundation XPRIZE Carbon Removal competition winner for its Direct Ocean Capture (DOC) technology.</li><li>State-of-the-art R&D/Flex facility with specialized lab buildout.</li><li>Prime Pasadena location blocks from CalTech.</li><li>Multi-million-dollar laboratory upgrades and executive offices.</li><li>2,600 AMP | 3 Phase | 4 Wire | 400 Volt power (highest allowed
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NOI
$80,000
Cap Rate
0.56%
DSCR
0.09
Underwater
Cash-on-Cash
-17.92%
Monthly Payment
$70,451.75
Annual Cash Flow
$-765,421.005
