Lee & Associates – Pasadena Facilitates $14.99M Off-Market Sale of Medical Office Building in Pasadena
Pasadena, CA – April 14, 2026
Lee & Associates – Pasadena is pleased to announce the successful sale of a 22,394-square-foot multi-tenant medical office building located at 333 South Arroyo Parkway in Pasadena, California. The property traded for $14,988,000, representing a price of $669.29 per square foot.
The transaction was facilitated by Lee & Associates brokers John Berger, Dan Bacani, Mauricio Olaiz, and Trevor Gleason, who represented both the buyer and the seller in the deal.
Constructed in 1985, the three-story medical office building sits on a 16,199-square-foot lot in one of Pasadena’s most desirable commercial corridors. The asset’s multi-tenant configuration and established medical tenancy made it a highly strategic acquisition.
Notably, the sale was completed off-market and stemmed from a long-term lease structure that included a purchase option for the buyer. The terms of the transaction were originally negotiated approximately five years prior, demonstrating the value of forward-thinking deal structuring and long-term client advisory.
“This transaction highlights the importance of strategic planning and relationship-driven brokerage,” said John Berger. “By aligning the interests of both parties early on, we were able to create a seamless path to ownership that ultimately benefited both the buyer and seller.”
Located along the prominent Arroyo Parkway corridor, the property benefits from strong visibility, accessibility, and proximity to Pasadena’s core amenities, making it an attractive long-term investment for medical office users and investors alike.
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| John Berger Founding Principal 626.240.2779 [email protected] License ID 01799514 |
Dan Bacani Founding Principal 626.240.2781 [email protected] License ID 01385413 |
Mauricio Olaiz Principal 626.240.2773 [email protected] License ID 02073450 |
Trevor Gleason Senior Associate 626.240.2774 [email protected] License ID 02075121 |
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ABOUT LEE & ASSOCIATES
Lee & Associates – Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, Follow Us!
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