Dalfen Industrial Acquires Industrial Asset From David Culbreth In Pasadena For $15.6M

The property asset involved in the transaction is an industrial facility located at 2833 Westside Drive, Pasadena, TX, with a total square footage of 15,600. The transaction involved the buyer Dalfen Industrial and the seller David Culbreth, structured as a short-term sale leaseback. This type of arrangement provides a mark to market opportunity for the buyer.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Square Footage: 15,600
• Address: 2833 Westside Drive
• Market: Pasadena, TX
• Buyer: Dalfen Industrial
• Seller: David Culbreth
• Broker Representatives: David Warren & Emil Shabot
• Agency: KSR

KSR negotiated this off-market transaction, successfully structuring the deal to include a short-term sale leaseback. The broker representatives for this transaction, David Warren and Emil Shabot, can be contacted for similar opportunities nationwide.