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9701 New Decade Drive, Pasa...

Lexington Realty Trust Acquires Industrial Properties In Pasadena And Deer Park For $Undisclosed
SOLDIndustrial

Lexington Realty Trust Acquires Industrial Properties In Pasadena And Deer Park For $Undisclosed

9701 New Decade Drive, Pasadena, TX, USA

Building Size

738,701 SF

Asset Type

Industrial

Closing

Jun 15, 2020

AI

An industrial property located at 9701 New Decade Drive, 4100 Malone Dr, and 4600 Underwood Road in Pasadena and Deer Park was recently sold. The property spans a total of 738,701 square feet and sits on 44.6 acres.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided

The seller of the property was Triten Real Estate Partners, represented by Will Hedges. The buyer of the property was Lexington Realty Trust. The transaction was facilitated by brokers from JLL Capital Markets, including Trent Agnew, Rusty Tamlyn, Charles Strauss, and Katherine Miller.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker
LT
Lexington Realty TrustBuyer

Will Hedges

Triten Real Estate Partners

Seller

4 deals

Seller

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