Updated Dec 4, 2024
CenterPoint Properties Acquires Industrial Property In Pasadena From Seller Link Logistics Real Estate
3507 Pasadena Freeway, Pasadena, TX, USA
Building Size
60,161 SF
Asset Type
Industrial
Closing
Feb 11, 2021
About this deal
AI
The industrial property located at 3507 Pasadena Freeway in Pasadena has been sold in a recent transaction. The property, spanning 601,261 square feet, sits on 31 acres in the market of Pasadena.
Summary of transaction details
- Property Type: Industrial
- Sale Date: 02/12/2021
- Seller: Link Logistics Real Estate
- Buyer: CenterPoint Properties - Rives Nolen
- Brokers: Rusty Tamlyn, Trent Agnew, & Charles Strauss - JLL Capital Markets
The property was sold by Link Logistics Real Estate to CenterPoint Properties - Rives Nolen. The deal was facilitated by brokers Rusty Tamlyn, Trent Agnew, & Charles Strauss from JLL Capital Markets. The property spans a total of 601,261 square feet and is situated on 31 acres in Pasadena.
On the Map
Industrial
View full map
Players
Pasadena Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
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