Dalfen Industrial Acquires Industrial Asset From David Culbreth In Pasadena For $15.6M
2833 Westside Drive
Building Size
15,600 SF
Asset Type
Industrial
Closing
Jan 18, 2026
AI
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.
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