CBRE, Inc., as exclusive agent is pleased to present for sale a generational opportunity to acquire the Fuller Theological Seminary Portfolio located in vibrant Pasadena, California.
The Fuller Portfolio sits on ±13 acres in a beautiful, parklike setting and is comprised of 29 buildings and land parcels that include 267 multifamily residential units and nearly 300,000 square feet of office, administrative, and educational use space. The Fuller Portfolio can be acquired in its entirety or as various individual groupings of its components.
Assembled over the course of 70 years, the Fuller Portfolio is a prime, irreplaceable assemblage of real estate that is ideally suited for a variety of users. Strong residential and employment demand drivers, robust occupancy levels, and proximity to key employers provide a compelling context for future value creation through potential property upgrades, repositioning, adaptive reuse, and new development.
Pasadena is one of the most desirable locales on the West Coast of the United States to live, work, and play. The City is world-renowned for its favorable climate, an abundance of natural beauty, rich architectural heritage and charm, landmark institutions of higher learning, and the iconic Rose Bowl sports and entertainment venue.
The sale of the Property will include a sale leaseback provision for Fuller Theological Seminary to occupy the Property while Fuller’s new home in Pomona, California is being readied for occupancy.
The Fuller Portfolio is comprised of 29 properties in 11 separate groupings, Groups A thru K as summarized below.
Portfolio buildings include multifamily residential communities, administrative offices, educational/lecture halls, and historic Craftsman-style buildings. The Portfolio also includes land/parking lot parcels that may offer development potential.
The Portfolio can be acquired as a whole or in its component groupings.