Off-Market Acquisition
Total SF
120,000 SF
Acquired
2018
Sold
-
2022
Project Description
This 120,000 SF industrial/flex property was made up of 80 separate units in Northwest Houston. At purchase, the property was 75% leased with an asking rate at $6.00 PSF. Within 6 months the property was fully occupied achieving rents at $9.00 PSF. The property sold in 2022 at more than 2x what it was purchased for.