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5040 Crenshaw Road, Pasaden...

5040 Crenshaw Rd Medical Office In Pasadena Sold By NAI Partners
SOLD

5040 Crenshaw Rd Medical Office In Pasadena Sold By NAI Partners

5040 Crenshaw Road, Pasadena, Texas 77505, United States

Building Size

18,730 SF

Asset Type

Closing

Feb 8, 2022

AI

A medical office located at 5040 Crenshaw Rd in Pasadena has been sold. The property encompasses an area of 18,730 square feet and sits on a 2-acre lot. The transaction took place on February 9, 2022. Cary Latham & Wyatt Huff of NAI Partners represented the parties involved in the deal.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: Not provided
  • Market: Pasadena
  • Address: 5040 Crenshaw Rd
  • Square Footage: 18,730 SF
  • Lot Size: 2 acres

The sale of the medical office at 5040 Crenshaw Rd in Pasadena was facilitated by Cary Latham & Wyatt Huff of NAI Partners. These brokers represented the parties involved in the transaction.

Players

Cary Latham

Stream Realty Partners⁠

Broker

$8.2M

vol

13 deals

Broker
NAI Global
NAI GlobalBrokerage

Pasadena CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93