Bayview Holdings Sells 60,000 SF Industrial Property In Pasadena With Buyer's Reps Patrick McKiernan & Joseph Sturek
1305 West Jackson Street
Building Size
60,000 SF
Asset Type
Industrial
Closing
Sep 21, 2025
AI
The property asset involved in the transaction is an industrial facility located at 1305 West Jackson Street, Pasadena, comprising a total square footage of 60,000. The seller of the property is Bayview Holdings.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 1305 West Jackson Street
- Market: Pasadena
- Asset Size: 60,000 SF
- Seller: Bayview Holdings
- Buyer's Representative: Patrick McKiernan & Joseph Sturek - First Houston Properties
Key individuals involved in the deal include Patrick McKiernan and Joseph Sturek, who represent the buyer in this transaction, working through their brokerage, First Houston Properties.
Players
Pasadena Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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