The building at 14233 Interdrive West was purchased from Houston-based real estate investors, JSRW Properties. The seller put the metal shell, brick facade structure on the market at $825,000.
The seller's rep, John Ferruzzo of Houston's NAI Partners Commercial, tells GlobeSt.com that the investors completed the shell and had it on the market for five or six months before Martin Apparatus put it under contract. The buyer intends to finish out the interior on its own. Ferruzzo says the buyer's plan is to use the bulk of the industrial space for warehousing and reserve a couple thousand sf for office.
JSRW owns two other tracts, each 1 1/2 acres, in the business park. Ferruzzo says the plans for the next month are to break ground on a 17,000-sf spec project and a 29,000-sf design-build warehouse that's leased to an as-yet unidentified.
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