Bob Chapman Of CenterPoint Properties Acquires Fully Leased TruePort Distribution Center In Deer Park
2830 East Pasadena Boulevard
Building Size
254,705 SF
Asset Type
Industrial
Closing
May 5, 2025
AI
The property involved in the transaction is the TruePort Distribution Center located at 2830 East Pasadena Boulevard, Deer Park. This industrial asset encompasses 254,705 square feet and sits on 13 acres. It was built in 2024 and has 36-foot clear heights along with 44 dock doors, with Ironwear being the sole tenant.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2830 East Pasadena Boulevard
- Market: Deer Park
- Square Footage: 254,705 SF
- Acres: 13
- Buyer: Bob Chapman - CenterPoint Properties
- Brokers: Charlie Strauss, Lance Young & Trent Agnew - JLL
CenterPoint Properties is noted for acquiring the fully leased distribution center. The brokers involved in this transaction from JLL were Charlie Strauss, Lance Young, and Trent Agnew, representing both the buyer and facilitating the deal.
Players
Deer Park 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