Updated Oct 28, 2024
Frederick Trucking Leases Industrial Property In Pasadena, TX - JLL And NAI Partners Represent
10591 Red Bluff Road, Pasadena, Texas 77507, United States
Building Size
295,134 SF
Asset Type
Industrial
Closing
May 3, 2022
About this deal
AI
The industrial property located at 10591 Red Bluff Road in Pasadena, TX has recently been leased. This property spans approximately 295,134 square feet and falls under the asset type of Industrial.
Summary of transaction details:
- Property Type: Industrial
- Tenant: Frederick Trucking
- Landlord's Representative: Richard Quarles, March Nicholas & Jarret Venghaus - JLL
- Tenant's Representative: Chris Haro - NAI Partners
Chris Haro from NAI Partners represented the tenant, Frederick Trucking, in this lease transaction. On the other hand, the landlord was represented by Richard Quarles, March Nicholas, and Jarret Venghaus, who are associated with JLL.
On the Map
Industrial
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Players
Pasadena Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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