Beltway Office Park
Pasadena, TX
Property Overview
Stats
- Property Type Office - Office Building
- Building size (SF) 85,530
- Size (Ac) 5.32
- Class B
- Number of Stories 1 & 3
- Year built 1985
- Percent Leased 100%
- Parking 3.89/1,000
- Submarket Gulf Freeway/Pasadena
Investment opportunity
Currently 100% occupied by several strong credit tenants with a remaining weighted average lease term of +/- 3.68 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 at a significant rent increase.
Significant recent tenant improvements of over $850,000 completed in last several years.
Building amenities
Atrium building with skylights in the lobby
Glass-backed elevator
On-site property manager & building engineer
Card key access & security system
Manicured landscaping
Ample surface parking
