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2830 East Pasadena Boulevard

Bob Chapman Of CenterPoint Properties Acquires Fully Leased TruePort Distribution Center In Deer Park
SOLDIndustrial

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

Charlie Strauss

JLL

Broker

30 deals

Broker

Bob Chapman

CenterPoint Properties

Buyer

$968.1M

vol

13 deals

Buyer

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