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614 E Curtis St
Pasadena, TX 77502
4 Property Portfolio Investment Sale · Property For Sale
·
65,670 SF Total
INVESTMENT HIGHLIGHTS
- 4 Property Investment Portfolio (100% LEASED)(Total SF: 65,670)
- ALL - Recent Surveys and Recent Clean Phase 1 Reports
- IDEAL 1031 Exchange / Investment / Immediate Cash Flow
- ALL- Fully Renovated, Fully Leased, NNN Leases, Options to Renew at Market
- Total NOI: 734,707.70 - CAP RATE: 7.70 - Motivated Seller!
- *Can be SOLD Separately (Call/Email Broker Joseph A. Sturek)
EXECUTIVE SUMMARY
Industrial Portfolio Investment Sale
*OM Available in the Documents Area
Motivated Seller
Includes 4 Properties
ALL: 100% Leased, NNN Leases, Good Term Left, Annual Escalations, Options to Renew
ALL: Newly Renovated
ALL: Recent Surveys and Clean Phase 1 Reports Available
Total NOI: $734,707.70
Pricing Guidance: $9,541,658.44
CAP RATE: 7.70
Property Review:
1) 614 E Curtis Ave, Pasadena, TX 77502 - 100% HVAC
20,400 SF Metal Building Comprised of 3 Industrial Suites (100% Leased by 2 Tenants/100% HVAC)
NOI: $263,214.72 - 2025 NNN's @ $0.20/SF (Taxes/Insurance) *True NNN Lease - Grade Level Loading
2) 5810 Ledbetter St, Houston, TX 77087 - 100% HVAC (New Exterior Painting Soon)
16,000 SF Metal Building. Single Tenant (100% Leased/100% HVAC)
NOI: $196,480.00 - 2025 NNN's @ $0.26/SF (Taxes/Insurance) *True NNN Lease - Grade Level & Dock Well Loading
3) 1137 Hackney St, Houston, TX 77023 -(Full Gym Buildout with Boxing Ring, Basketball, Weights/Cardio, Sauna/Stream Room)
15,820 SF Metal Building. Single Tenant (100% Leased)
NOI: $125,012.98 - 2025 NNN's @ $0.16/SF (Taxes/Insurance) *True NNN Lease - Grade Level Loading
4) 906 Witter St, Pasadena, TX 77506 - (5,000 SF of Dedicated Warehouse is 100% HVAC)
13,450 SF Metal Building. Single Tenant (100% Leased)
NOI: $150,000.00 - 2025 NNN's @ $0.21/SF (Taxes/Insurance) *True NNN Lease - Grade Level & Dock High Loading
*OM Available in the Documents Area
Motivated Seller
Includes 4 Properties
ALL: 100% Leased, NNN Leases, Good Term Left, Annual Escalations, Options to Renew
ALL: Newly Renovated
ALL: Recent Surveys and Clean Phase 1 Reports Available
Total NOI: $734,707.70
Pricing Guidance: $9,541,658.44
CAP RATE: 7.70
Property Review:
1) 614 E Curtis Ave, Pasadena, TX 77502 - 100% HVAC
20,400 SF Metal Building Comprised of 3 Industrial Suites (100% Leased by 2 Tenants/100% HVAC)
NOI: $263,214.72 - 2025 NNN's @ $0.20/SF (Taxes/Insurance) *True NNN Lease - Grade Level Loading
2) 5810 Ledbetter St, Houston, TX 77087 - 100% HVAC (New Exterior Painting Soon)
16,000 SF Metal Building. Single Tenant (100% Leased/100% HVAC)
NOI: $196,480.00 - 2025 NNN's @ $0.26/SF (Taxes/Insurance) *True NNN Lease - Grade Level & Dock Well Loading
3) 1137 Hackney St, Houston, TX 77023 -(Full Gym Buildout with Boxing Ring, Basketball, Weights/Cardio, Sauna/Stream Room)
15,820 SF Metal Building. Single Tenant (100% Leased)
NOI: $125,012.98 - 2025 NNN's @ $0.16/SF (Taxes/Insurance) *True NNN Lease - Grade Level Loading
4) 906 Witter St, Pasadena, TX 77506 - (5,000 SF of Dedicated Warehouse is 100% HVAC)
13,450 SF Metal Building. Single Tenant (100% Leased)
NOI: $150,000.00 - 2025 NNN's @ $0.21/SF (Taxes/Insurance) *True NNN Lease - Grade Level & Dock High Loading
PROPERTY FACTS
| Price / SF | $145.30 / SF | Number of Properties | 4 |
| Sale Conditions | Individually For Sale | 3 | |
| Cap Rate | 7.70% | Total Building Size | 65,670 SF |
| Sale Type | Investment NNN | Total Land Area | 2.24 AC |
| Status | Active |
| Price / SF | $145.30 / SF |
| Sale Conditions | |
| Cap Rate | 7.70% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 3 |
| Total Building Size | 65,670 SF |
| Total Land Area | 2.24 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5810 Ledbetter St, Houston, TX 77087 | Industrial | 16,000 SF | 1979 | - |
| 906 Witter St, Houston, TX 77506 | Industrial | 13,450 SF | 1971 | $1,948,052 |
| 1137 Hackney St, Houston, TX 77023 | Retail | 15,820 SF | 2025 | $1,623,545 |
| 614 E Curtis St, Pasadena, TX 77502 | Industrial | 20,400 SF | 1972 | $3,418,373 |
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