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218 North South Street

Paton Engineers & Constructors Leases 24,150 Square Feet Industrial Space In Pasadena Texas
LEASEDIndustrial

Paton Engineers & Constructors Leases 24,150 Square Feet Industrial Space In Pasadena Texas

218 North South Street

Building Size

24,150 SF

Asset Type

Industrial

Closing

May 5, 2026

AI

The property involved in this transaction is an industrial asset located at 218 North South Street in Pasadena, Texas. The total square footage of the property is 24,150. The market for this property is noted as Pasadena, highlighting its location in a desirable area for industrial operations.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 218 North South Street
  • Market: Pasadena
  • Tenant: Paton Engineers & Constructors
  • Brokers: Jason Gibbons & Tyler Holt - Finial Group

Finial Group represented the undisclosed landlord in this lease transaction, demonstrating their active role in negotiating the deal. The tenant, Paton Engineers & Constructors, is now occupying the leased space, indicating a continuing demand for industrial properties in suburban markets.

Players

Jason Gibbons

Finial Group

Broker

12 deals

Broker
PC
Paton Engineers & ConstructorsTenant

Baytown 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