Project Type
Off-Market Acquisition
Total SF
310,000 SF
Acquired
2018
Sold
  • 2022

Project Description

Project Description: This 310,000 SF industrial/flex property was made up of 150 separate units in North Houston. At purchase, the property was 50% leased with an asking rate at $6.00 PSF.  Within 9 months the property reached 90% occupancy, achieving rents at $10.00 PSF.  The property sold in 2022 at more than 2x what it was purchased for.