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614 E Curtis St
Pasadena, TX 77502
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased (2 Tenants) & Fully Renovated
- Recent Survey and Recent Clean Phase 1 Report
- Immediate Cash Flow
- 100% HVAC
- NNN Leases - Annual Escalations - Options to Renew at Market Rates
- NEW: Roof/Walls/Grade Level Doors/HVAC/Insulations/Offices/Restrooms/LED Lighting/Electrical
EXECUTIVE SUMMARY
IDEAL 1031 Exchange/Investment Purchase
Fully Renovated 20,400 SF Industrial Warehouse
Renovated in 2024
100% Occupied
100% HVAC/Fully Insulated
Market Rates Locked Down in Leases
True NNN Leases in Place (2 Tenants)
Annual Escalations & Options to Renew at Market Rates
Immediate Cash Flow & IDEAL Asking Cap Rate of 7.70!
OM has info on Curtis Ave leases (Terms/Rates/Escalations)
*Part of a 4 Property Industrial Portfolio (Can be sold separately) See attached OM with pricing.
Reach out to Broker Joseph A. Sturek with First Houston Properties
Fully Renovated 20,400 SF Industrial Warehouse
Renovated in 2024
100% Occupied
100% HVAC/Fully Insulated
Market Rates Locked Down in Leases
True NNN Leases in Place (2 Tenants)
Annual Escalations & Options to Renew at Market Rates
Immediate Cash Flow & IDEAL Asking Cap Rate of 7.70!
OM has info on Curtis Ave leases (Terms/Rates/Escalations)
*Part of a 4 Property Industrial Portfolio (Can be sold separately) See attached OM with pricing.
Reach out to Broker Joseph A. Sturek with First Houston Properties
PROPERTY FACTS
| Sale Type | Investment NNN | Rentable Building Area | 20,400 SF |
| Cap Rate | 7.70% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1972/2024 |
| Property Type | Industrial | Parking Ratio | 0.74/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 0.62 AC | ||
| Zoning | Commercial | ||
| Sale Type | Investment NNN |
| Cap Rate | 7.70% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.62 AC |
| Rentable Building Area | 20,400 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2024 |
| Parking Ratio | 0.74/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | Commercial |
AMENITIES
- 24 Hour Access
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating
PROPERTY TAXES
| Parcel Number | 0513360000047 | Improvements Assessment | $1,044,276 |
| Land Assessment | $247,506 | Total Assessment | $1,291,782 |
PROPERTY TAXES
Parcel Number
0513360000047
Land Assessment
$247,506
Improvements Assessment
$1,044,276
Total Assessment
$1,291,782
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