“Illegitimi non carborundum” – Horace
Looking for office space for lease, commercial property for sale, retail for lease or sale, or an industrial building in Pasadena or the surrounding cities? MacVaugh & Co. has been specializing in these sales since it was established in Pasadena in 1994. Our office is located at 300 S. Raymond Avenue Suite 14 in Old Pasadena. We maintain a proprietary database of commercial real estate information that covers the San Gabriel Mountain foothill cities, also known as the “210 Corridor”. These cities include Pasadena, South Pasadena, San Marino, Monrovia, Glendora, Irwindale, Arcadia, Altadena, and Rialto. We are the commercial agents that have access to all the real estate ownership information in our area of expertise.
MacVaugh & Co. looks at the specific challenges of the property, comes up with a plan to overcome the obstacles, and puts that plan into action.
We keep the goals of the owner in mind – if cash flow is the goal, we will do a month to month deal. If it is maximizing the face-rate of a lease to justify value of a property, we will do that as well. If it is preleasing a development project, we will give our recommendations on that. We pride ourselves in knowing what the market wants, and being able to make recommendations so that “the offering” meets existing demand.
Broker Opinion of Value
Thinking of selling, refinancing or establishing value for estate purposes? MacVaugh & Co does not have appraisers, however, as commercial real estate agents, with our market knowledge, we can give a pretty good idea of the price a property might achieve given proper marketing and time. Our process is faster and less expensive than a full blown appraisal. We have performed BPO’s for lending institutions and owners alike. We have also been called on to determine market value for lease options.
Property Management is a thankless job. No one calls to say that the air conditioning is running perfectly, that the maintenance crew has the common area restrooms looking spotless, or that the common area lighting is especially bright.
We take away the hassles of property ownership, from building operations and maintenance, to property accounting, contract management, and oversight of tenant improvements.
We specialize in Class B office buildings, flex/industrial buildings, and retail shopping centers. Have your tenants call MacVaugh & Co., they will thank you.
Do you understand the ramifications of rentable vs. usable square feet, pass through of operating expenses, holdover or non-disturbance?
Do you know what “market” concessions are?
Have you been through the space planning and construction process?
As commercial real estate agents, we have our pulse on the market: We know what’ is available and often times we have negotiated with the Property Owner or his Agent before.
Do you want the landlord’s broker negotiating on your behalf? Landlords have representation, so why shouldn’t you?
Direct Assessment Tax Consulting
MacVaugh & Co. has developed an expertise in obtaining refunds for the Direct Assessment portion of the real estate tax bill. We have filed over 150 applications over the last three years with the Los Angeles County Sanitation Districts. The obtained refunds we have received range from as little as $100 to more than $100,000. For more information on the process, please contact us.