Carson Companies Leases Industrial Property In Pasadena To First Houston Properties
4033 Malone Dr Pasadena, TX 77507, USA
Building Size
110,000 SF
Asset Type
Industrial
Closing
Jun 23, 2023
AI
The industrial property located at 4033 Malone Drive in Pasadena has been leased. The property spans 110,000 square feet, making it ideal for industrial operations. The transaction was completed on 06/23/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 06/23/2023
- Address: 4033 Malone Drive, Pasadena
- Market: Pasadena
- Square Footage: 110,000
The landlord for this leased property is Carson Companies. First Houston Properties, represented by Patrick McKiernan & James Mashni, acted as the tenant's representatives in the deal.
Players
Texas 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