1022 Pasadena BlvdPasadena, TX 77506

For Sale
$845,000

High-Cap Rate, Multi-Tenant Office

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional Pasadena, TX commercial property presents a prime investment opportunity. Located at 1022 Pasadena Blvd, 77506, this single-story, 8,041 square foot building sits on a 27,573 square foot lot and offers 42 parking spaces. The property, built in 1960 and renovated in 2019, is classified as a Class B, multi-tenant office building with a mix of medical, shopping center, and traditional office spaces. Currently boasting 90% occupancy across its eight tenants, this stabilized investment features a 6.94% cap rate and an asking price of $845,000. Recent improvements include a new roof (2017), new soffits, exterior paint, modern exterior lighting, and updated electrical wiring. The property benefits from a great location, eye-catching signage, and an oversized billboard for maximum tenant visibility. The lease type is NNN. This low-maintenance property is ideal for investors seeking consistent income generation. The property is for sale by owner.

Highlights

  • 2017 roof replacement, new soffits, exterior paint, updated lighting, and electrical.
  • High-visibility location with prominent signage and oversized billboard.

Property Details for 1022 Pasadena Blvd

Property type
Lifestyle centers, Power centers
Square Feet
8,041 SF
Class
B
Year Built/Renovated
1960/2019
Buildings
1
Stories
1
Units
9

Location Insight

City
Pasadena
County
Harris
State
Texas
Latitude
29.6950693
Longitude
-95.2012669
1022 Pasadena Blvd, Pasadena, Texas

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1022 Pasadena Blvd
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