Tony Jasser Acquires Retail Property On Pasadena Boulevard From Paul Sheemar With Broker John Baddour
3208 Pasadena Boulevard
Building Size
6,400 SF
Asset Type
Retail
Closing
Feb 7, 2025
AI
The property asset involved in this transaction is a retail space located at 3208 Pasadena Boulevard in Pasadena, comprising a total square footage of 6,400. This asset was recently sold but specific transaction amount details are not disclosed in the provided context.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Buyer: Tony Jasser
- Seller: Paul Sheemar
- Broker: John Baddour - HighStreet Net Lease Group
John Baddour represented Tony Jasser in this transaction, highlighting his experience with this buyer, who has actively pursued value-add opportunities with vacancy along busy thoroughfares in the Houston MSA Markets for several years. Baddour's note emphasizes the ongoing interest of Jasser in acquiring additional properties that meet this criteria.
Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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