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1619 Red Bluff Rd, Pasadena...

Dunavant Distribution Group LLC Leases 137280 Square Feet At 1619 Red Bluff Rd Pasadena
LEASEDRetail

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

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.

Players

Justin Robinson

Stream Realty Partners⁠

Broker

6 deals

Broker
Principal Real Estate Investors
Principal Real Estate InvestorsLandlord

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