Farah Investments LLC Acquires Retail Property In Pasadena For $REPLACE
2619 Red Bluff Road, Pasadena, TX 77506
Building Size
80,748 SF
Asset Type
Retail
Closing
Oct 27, 2021
About this deal
AI
Located at 2619 Red Bluff Rd in Pasadena, this retail property encompasses a total of 80,748 square feet. The transaction took place on October 27, 2021, with Farah Investments LLC as the buyer and 2619 Realty Holding LLC as the seller.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 2619 Red Bluff Rd
- Market: Pasadena
- Asset Type: Retail
- Square Footage: 80,748
The deal was facilitated by David Luther, Austen Baldridge, and Dakota Workman from NewQuest Properties, representing the buyer and seller in the transaction.
On the Map
Retail
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Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · 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