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2855-2861 Westside

2859 Westside Dr., Pasadena, TX 77502

$1,750,000

28,588 SF | Industrial

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Main Office - Building "A"

Industrial Property For Sale Get Financing

Price:
$1,750,000
Building Size:
28,588 SF
Price/SF:
$61.21
Property Type:
Industrial
Property Sub-type:
Manufacturing
Property Use Type:
Net Lease Investment with
2 years left on lease
Commission Split:
3%
Cap Rate:
10%
No. Stories:
2
Tenancy:
Single
Year Built:
1960
Clear Ceiling Height:
20 ft.
Drive In/Grade-Level Doors:
4
Lot Size:
5.08 AC
Listing ID
18256710
Last Updated
3 days ago

Find Out More...

Utilities

  • Fenced Yard
  • Trailer Parking
  • Cranes
  • Electricity/Power
  • Sprinklers

Highlights

  • Combo Industrial & Office Complex
  • +/- 8842 SF - Office Space
  • +/- 19,746 SF - Industrial/Maunfacturing/Warehouse Space
  • Gated Entry
  • Fenced Yard
  • Concrete Surface Lay-down Yard

Description

Manufacturing/Office facility located on +/- 5.08 Acre Tract. Property includes office building with +/- 5,642 SF built in the 70's, +/- 3,200 SF office building built in 2007, +/- 13,546 Manufacturing space built in 60's w/ add-ons in the 80's, +/- 6,200 SF manufacturing/inventory building built in 2007. Property includes large vacant area that can allow for expansion, gated concrete lay-down yard w/ truck access, electric gated entry, and concrete surface parking areas. **Note** Property is currently tenant occupied with approximately 18-months to 2 years remaining on the current lease at $15K per month net.

Located at 2859-2861 Westside Dr. Pasadena, TX 77502 2/10ths of a mile from Spencer Highway.

Financial Summary

  • Actual
  • 2012
  • $180,000
  • $180,000
  • $0
  • $180,000
  • $180,000

Map of 2859 Westside Dr., Pasadena, TX 77502 (Harris County)

Research for 2859 Westside Dr., Pasadena, TX 77502 (Harris County)

  • Demographics – Population, income & other demographics near 2859 Westside Dr.
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building

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Asking Price Index Trends for Pasadena, TX Industrial For Sale

  Mar 14 vs. 3 mo.
prior
Y-O-Y
-
State
$56+1.7%+6.7%
-
Metro
$67+3.0%+8.9%
-
County
$68+4.2%+9.1%

View Pasadena Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 7/10/2013
2855-2861 Westside
  • Industrial
  • $1,750,000
  • 28,588 SF