Institutional Property Advisors is proud to exclusively present Lone Star Investment Group’s Industrial Portfolio. This collection includes four buildings, totaling 248,167 square feet, located at 25275 Budde Road in Spring, TX, and 220 and 221 Barren Springs Drive in Houston, TX. Developed between 2005 and 2009, these properties cover 12.87 acres in a key North Houston area. Since acquisition in 2013, the forty-seven tenants have benefited from professional management and consistent maintenance.
Recently enhanced with additional amenities, the portfolio features clear heights ranging from eighteen to twenty-four feet and most suites include a drive-in door, making it attractive in today’s industrial leasing market.
• ASKING PRICE: $28,836,000
• CAP RATE: 7.00%
• PRICE PER SF: $116
• NET OPERATING INCOME (NOI): $2,018,531
• CURRENT VACANCY: 2% with Below-Market Rents
• LOCATION: One Building within the Woodlands Submarket
• MARKET: Part of the Houston MSA, 5th Largest in US
• 5-Mile Radius Population: 190K
• 5-Mile Average Household Income: $135K