MUSEUM OF CALIFORNIA ART BUILDING AT 490 E UNION STREET IN PASADENA SELLS AGAIN, THIS TIME FOR $7.9 MILLION

Written by Posted On Tuesday, 20 October 2020 13:47

Pasadena, Calif. (October 20, 2020) - Coldwell Banker Commercial represented the seller of the former Pasadena Museum of California Art building in a transaction valued at $7.9 million. The three-story property was built in 2002 and operated as a museum until 2019.

The property is located at 490 E Union Street in Pasadena's Playhouse District. The building has .68 acres of land and the entire 2nd floor was used as museum space. There are 35 covered parking spaces plus a private storage space and a beautiful roof top deck on the third floor.  Bill Ukropina sold the property previously in 2019.

The buyer of the property is Burbank-based Spectrasonics, who is a leading developer of World Class sample sound libraries. Spectrasonics was founded in 1994 by Los Angeles composer Eric Persing and his wife Lorey. Spectrasonics will bring many employees to Pasadena to fulfill their business needs.

"It didn't take long for this unique property to attract interest from buyers," said Bill Ukropina of Coldwell Banker Commercial NRT, who was the leader professional representing the owner, a California-based private investor. "The 16-foot ceilings, outdoor event space, prime downtown Pasadena location and exceptional acoustics set this building apart in the Southern California market."

Coldwell Banker Commercial professional Kathi Constanzo was also part of the property marketing team with Ukropina.

For additional information, contact Bill Ukropina at 626.844.2200 | This email address is being protected from spambots. You need JavaScript enabled to view it., CalBRE No. 01481673 or Kathi Constanzo at 626.898.2308 | This email address is being protected from spambots. You need JavaScript enabled to view it. CalBRE No. 02067397.

About Coldwell Banker Commercial NRT

Coldwell Banker Commercial NRT, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com

 

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