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Combo Industrial-Office Property Trades Hands

PASADENA,CA-Adler Realty Advisors of Woodland Hills, Calif. bought the 26,191-sf property, which includes one all-office building and another building with both office and industrial space, broker Ken Hulbert of Daum Commercial Real Estate Services tells GlobeSt.com.

By Bob Howard | Updated on July 26, 2002

PASADENA, CA-Adler Realty Advisors of Woodland Hills, Calif. bought a 26,191-sf combination industrial and office property on 1.3 acres of land at 1450-1460 N. Lake Ave. in Pasadena from Beal Bank of Dallas, Texas, for $2 million.

The property consists of two separate buildings, broker Ken Hulbert of Daum Commercial Real Estate Services tells GlobeSt.com. He says one building is entirely office space and the other is about 12,000 sf, composed of about 5,400 sf of office and the rest industrial space. Hulbert and Daum’s Dan Knudson represented Beal Bank, which foreclosed on the property within the past year, while the buyers represented themselves.

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