SOLD
Baker Katz Acquires Retail Building In Pasadena For Value-Add Program
5445 Fairmont Parkway
Retail
22,241 SF
22,241 SF
Sold 338 days ago
Summary
Sale
TEXAS
Retail
22,241 sqft
Baker Katz, a Houston-based brokerage and investment firm, has acquired a 22,241-square-foot retail building located at 5445 Fairmont Parkway in Pasadena. The property, formerly a Pep Boys store, was purchased for an undisclosed amount. The acquisition includes a 2.9-acre lot and is part of Baker Katz's strategy to enhance the property through a value-add program.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Undisclosed
- Address: 5445 Fairmont Parkway
- Market: Pasadena
- Size: 22,241 SF
- Lot size: 2.9 acres
The buyer, Baker Katz, was represented by Ben Brown from the same firm. The seller's representative in the deal was Mark Raines from JLL. Baker Katz intends to implement an internal property enhancement plan to further improve the retail building.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Mark Raines
DATE: 06/02/2023
ADDRESS: 5445 Fairmont Parkway
MARKET: Pasadena
ASSET TYPE: Retail ~ SF: 22,241 ~ ACRES: 2.9
BUYER: Baker Katz
BUYER'S REP: Ben Brown - Baker Katz (@BakerKatz)
SELLER'S REP: Mark Raines - JLL (@JLL)
NOTE: Baker Katz, a Houston-based brokerage and investment firm, has acquired a 22,241-square-foot retail building in Pasadena. The former Pep Boys store will undergo a value-add program, with plans to enhance the property internally.View on map
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Address5445 Fairmont Parkway
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