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1320 W Pasadena Fwy
Pasadena, TX 77506
Sherwin Williams · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- New 12-yr corporate lease commenced in Aug 2025, allowing investors to capitalize on nearly the entire lease term which features 3.5% annual increases
- The Tenant is relocating from an existing building about 1.5 miles west of the Property, where it has experienced more than 40 years of success
- Located about 15 minutes from Downtown Houston, the Property is surrounded by nearly 11.8 million SF of industrial within a 3-mile radius
- Founded in 1866, The Sherwin-Williams Company (NYSE: SHW) (S&P: BBB) (Moody’s: Baa2) has nearly 160 years of experience and success
- With frontage along Highway 225, the Property is located within 5 miles of the Port of Houston and the Port Terminal Railroad Association
- There are 130,000 employees within a 5-mile radius of the Property, of which 44% are blue-collar workers
EXECUTIVE SUMMARY
Sherwin-Williams Industrial Facility | Relocation Site | New 12-yr Lease | Houston, TX MSA
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 5.35% | Year Built | 1998 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1/1,000 SF |
| Building Class | C | Clear Ceiling Height | 28’ |
| Lot Size | 1.73 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 19,945 SF | Opportunity Zone |
Yes
|
| Zoning | N/A - None | ||
| Sale Type | Investment NNN |
| Cap Rate | 5.35% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.73 AC |
| Rentable Building Area | 19,945 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 1/1,000 SF |
| Clear Ceiling Height | 28’ |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | N/A - None |
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
PROPERTY TAXES
| Parcel Number | 0740450000010 | Improvements Assessment | $1,995,235 CAD |
| Land Assessment | $677,077 CAD | Total Assessment | $2,672,312 CAD |
PROPERTY TAXES
Parcel Number
0740450000010
Land Assessment
$677,077 CAD
Improvements Assessment
$1,995,235 CAD
Total Assessment
$2,672,312 CAD
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