3737-3743 Red Bluff RdPasadena, TX 77503

For Sale
Call for price

85,530 SF Executive Office Building, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 85,530-square-foot executive office building, situated on 5.32 acres in Pasadena, Texas, presents a compelling investment opportunity. The Class B, three-story property, constructed in 1985, boasts a 100% occupancy rate with four tenants under gross leases. The building features an attractive atrium with skylights in the lobby and a glass-backed elevator, enhancing its aesthetic appeal and functionality. On-site amenities include a property manager, building engineer, card key access, and a security system, ensuring tenant safety and convenience. Ample surface parking is provided at a ratio of 3.89 spaces per 1,000 square feet. The meticulously maintained landscaping complements the professional atmosphere. Strategically located at the northeast corner of Sam Houston Tollway and Red Bluff Road, this property offers unparalleled access to major thoroughfares, including the Sam Houston Tollway, Highway 225, and the Gulf Freeway (Interstate 45). Its proximity to the Houston Ship Channel and Downtown Houston provides significant advantages for businesses operating in the energy, manufacturing, and maritime sectors. The current tenant roster includes several strong credit tenants with a weighted average lease term exceeding 4.18 years, ensuring a stable and predictable cash flow. Recent lease renewals, expansions, and significant tenant improvements exceeding $850,000 further solidify the property's value and potential for future growth. Contractual rent increases are built into all leases, providing assured cash flow growth. This property represents a rare opportunity to acquire a stabilized, high-occupancy office building in a prime location with strong tenant relationships and significant upside potential. The Harris County address is 3737-3743 Red Bluff Rd, Pasadena, TX 77503.

Highlights

  • 100% occupancy with strong credit tenants, weighted average lease term of 4.18 years.
  • Excellent lease renewal history, demonstrating strong tenant retention and demand.
  • Built-in rent growth via contractual escalations.
  • Major tenant expansion and long-term lease renewals, in a tight office market.
  • Over $850,000 in recent tenant improvements.

Property Details for 3737-3743 Red Bluff Rd

Property type
Other office properties, Office properties
Square Feet
85,530 SF
Class
B
Year Built
1985
Stories
3
Lot Size (sq. ft)
231,739 SF

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6858331
Longitude
-95.1556698
3737-3743 Red Bluff Rd, Pasadena, Texas

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3737-3743 Red Bluff Rd
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