AMARCO ACQUIRES 16,800 SQUARE FEET OF INDUSTRIAL PROPERTY IN PASADENA, TEXAS
PASADENA, TEXAS, OCTOBER 15th, 2024 – AMAR Companies, Inc. “AMARCO” is pleased to announce the acquisition of a single-tenant industrial property in Pasadena, TX. Situated at 904 Perla Rd, this property encompasses 16,800 square feet of industrial building on a sizable 2.32-acre lot, conveniently located in a thriving industrial area.
Constructed between 2000 and 2012, the property features a strong steel frame, metal roof, and metal siding that ensures longevity and low maintenance. The layout boasts an ideal balance between office and warehouse areas, providing an efficient workflow. Additionally, the property includes two grade-level doors that facilitate seamless access for loading and unloading.
Currently, the site is fully leased under a long-term NNN lease, offering a stable revenue stream. This acquisition not only enhances our presence in the Pasadena area but also aligns with our growth strategy by providing significant opportunities for revenue generation and investment appreciation.
About AMAR Companies, Inc.
AMARCO is an industrial real estate holding company specializing in refining the art of acquisition, renovation, leasing, and property management to deliver superior leasing experience and above-market returns to our investors. AMARCO targets the acquisition of single-tenant and multi-tenant industrial assets at below replacement cost, located in infill markets. To learn more about our growing portfolio, please visit www.amarco.com. For leasing inquiries or questions about the property, please contact pm@amarco.com.