Fulton Realty Capital guided a private client through the acquisition of a multi-tenant, flex-industrial property located in the Houston, Texas MSA. Fulton's commercial real estate team identified the 50,000 rentable SF property, secured five-year fixed-rate CMBS financing, and led all negotiations.
The five-building asset, spanning three acres, is situated in one of the metro's fastest growing cities. Its prime location ensures excellent connectivity to the entire Houston MSA via multiple highways.
The property's varied tenant base comprises a blend of regional and local companies spanning several industries. Priced below replacement cost and fully leased at the time of acquisition, the property offers opportunities for long-term revenue growth.
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