Vigavi Realty Sells Industrial Property On Pasadena Boulevard In Houston
4116 Pasadena Boulevard, Pasadena, Texas 77503, United States
Building Size
133,040 SF
Asset Type
Industrial
Closing
Mar 31, 2022
AI
An industrial property located at 4116 Pasadena Boulevard in Houston has been sold. The property spans a total area of 133,040 square feet.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
The seller of the property is Vigavi Realty. The transaction was facilitated by two brokers: Reed Vestal from Junction Commercial Real Estate and Taylor Schmidt from Lee & Associates – Houston. Larry Kliger from Lawrence Allen & Associates also played a role in the deal.
Please note that additional information about this transaction can be found on the website of Junction Commercial Real Estate: https://junctionusa.com/sold-southeast-crossing-4116-pasadena-boulevard/
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