Dunavant Distribution Group LLC Leases 137280 Square Feet At 1619 Red Bluff Rd Pasadena
1619 Red Bluff Rd, Pasadena, TX, 77506
Building Size
137,280 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
Dunavant Distribution Group LLC has leased an industrial building at 1619 Red Bluff Rd, Pasadena, TX, which spans 137,280 square feet. This property is located within the Bay Area Business Park in Pasadena. The transaction enhances the tenant's footprint in the business park to just under one million square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided
- Address: 1619 Red Bluff Rd, Pasadena, TX 77506
- Market: Pasadena
- Tenant: Dunavant Distribution Group LLC
- Landlord: Principal Real Estate Investors
- Tenant's Representative: John Nicholson - Royal Shell Real Estate
- Landlord's Representatives: Justin Robinson & Jeff Pate - Stream Realty Partners
- Square Feet: 137,280
John Nicholson of Royal Shell Real Estate represented Dunavant Distribution Group LLC in this leasing transaction. The landlord, Principal Real Estate Investors, was represented by Justin Robinson and Jeff Pate from Stream Realty Partners, who also developed and manage the Bay Area Business Park.
On the Map
Retail
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Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · Lease 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