Updated Oct 28, 2024
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
About this deal
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.
On the Map
Industrial
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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