04/15/2026
Lee & Associates - 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, . 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 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 users and investors alike.
