3737-3743 Red Bluff Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3737-3743 Red Bluff Rd
90,668 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
90,668 SF
Building Class
B
Year Built
1984
Percent Leased
99%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
28,510 SF
Slab to Slab
12 ft
Building FAR
0.39
Land Acres
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
- 1st Fl-Ste 160
- 1,071 SF
- Office
- Partial Build-Out
- Now
| 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 1
PROPERTY TAXES
| Parcel Number | 0460300000058 | Improvements Assessment | £4,484,248 |
| Land Assessment | £1,830,761 | Total Assessment | £6,315,010 |
PROPERTY TAXES
Parcel Number
0460300000058
Land Assessment
£1,830,761
Improvements Assessment
£4,484,248
Total Assessment
£6,315,010
-
Darrell L. Betts -
Jessica Alexander -
Avison Young
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3737-3743 Red Bluff Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.