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
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