Concierge Management Acquires Retail Property In Pasadena From Camden Securities Company
5838 Fairmont Parkway, Pasadena, TX 77505
Building Size
50,000 SF
Asset Type
Retail
Closing
Sep 24, 2021
About this deal
AI
5838 Fairmont Pkwy, located in Pasadena, was recently sold in a closed transaction. This retail property spans approximately 50,000 square feet, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 5838 Fairmont Pkwy, Pasadena
- Market: Pasadena
- Size: 50,000 square feet
The buyer in this transaction was Concierge Management, represented by Akbarali Momin. On the other side, Camden Securities Company acted as the seller. JLL Capital Markets served as the broker involved in the deal.
Players
Pasadena Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
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