713-515-5001
3737-3743 Red Bluff Rd, Pasadena, TX for Sale
Office - FOR SALE
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3737-3743 Red Bluff Rd
Pasadena, TX 77503
Southeast Houston


OVERVIEW

Currently 100% occupied by several strong credit tenants with a remaining weighted average lease term of +/- 4.18 years. Strong re-lease potential as indicated by new leases, renewals, and expansions signed for all tenants since December 2018. Assured cash flow growth through contractual rent increases in all leases. The largest tenant, JVIC has been progressively expanding and continues to grow into the building in a market with limited office inventory. UTMB Health also recently renewed for five years and is currently negotiating an even longer-term extension at a significant rent increase. Significant recent tenant improvements of over $850,000 completed in last several years.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

333

LAND DETAILS

LAND ACRES

5.32 AC

LAND SF

231,739 SF

ZONING

None

APN/PARCEL ID

0460300000058

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Darrell L. BettsAvison YoungMore Info
713-515-5001

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Darrell L. BettsAvison YoungMore Info
713-515-5001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.