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3737-3743 Red Bluff Rd 85,530 SF 99% Leased Office Building Pasadena, TX 77503 For Sale
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
85,530 SF
Building Class
B
Year Built
1984
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
28,510 SF
Slab To Slab
12’
Building FAR
0.37
Lot Size
5.32 AC
Zoning
None
Parking
333 Spaces (3.89 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Property Manager on Site
- Security System
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 160 | 1,071 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 160
| Size |
| 1,071 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Fl-Ste 160
| Size | 1,071 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
1 1
PROPERTY TAXES
| Parcel Number | 0460300000058 | Improvements Assessment | $5,095,311 |
| Land Assessment | $2,317,390 | Total Assessment | $7,412,701 |
PROPERTY TAXES
Parcel Number
0460300000058
Land Assessment
$2,317,390
Improvements Assessment
$5,095,311
Total Assessment
$7,412,701
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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3737-3743 Red Bluff Rd
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