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3507 Pasadena Freeway, Pasa...

CenterPoint Properties Acquires Industrial Property In Pasadena From Seller Link Logistics Real Estate
SOLDIndustrial

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

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

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.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
Link Logistics Real Estate
Link Logistics Real EstateBrokerage
CenterPoint Properties
CenterPoint PropertiesBuyer
Link Logistics Real Estate
Link Logistics Real EstateSeller

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