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Red Bluff Rd & Bay Area Blv...

Custom Goods LLC Leases 353,600 SF Industrial Space In Pasadena With Tenant's Rep Doug Nicholson - Newmark
LEASEDIndustrial

Custom Goods LLC Leases 353,600 SF Industrial Space In Pasadena With Tenant's Rep Doug Nicholson - Newmark

Red Bluff Rd & Bay Area Blvd, Pasadena, TX, USA

Building Size

353,600 SF

Asset Type

Industrial

Closing

Oct 26, 2021

AI

The industrial property located at Red Bluff Rd & Bay Area Blvd in Pasadena has been leased. The transaction took place on October 26, 2021. The property has a total area of 353,600 square feet.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Date: 10/26/2021
  • Address: Red Bluff Rd & Bay Area Blvd, Pasadena
  • Market: Pasadena
  • Square Footage: 353,600

The landlord of the property is Bay Bluff LP. The tenant, Custom Goods LLC, was represented by Tony Gregory. The landlord's representative in the deal is Stream Realty Partners, while Doug Nicholson from Newmark served as the tenant's representative.

Players

Doug Nicholson

Newmark

Broker

4 deals

Broker
BL
Bay Bluff LPLandlord
CL
Custom Goods LLCTenant

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