The 18-year-old tilt-wall building features 5,000 sf of office space. Thad Hickman and Tyndall Yaap, a Grubb & Ellis Co. Houston team, represented the seller, Capital Commercial.
Yaap tells GlobeSt.com that Capital Commercial is an Austin-based investor/developer who purchased the building several years ago with a tenant intact. The tenant recently vacated so the owner hired Yaap and Hickman to search for a tenant or buyer. Yaap was mum on the sales price, but the asking price was $895,000.
Jerry Ashmore with the Greater Houston Group represented Foster's Point in the purchase. The buyer will use the site as a base for its wholesale business.
Yaap says the transaction is a prime example of the pent-up demand from small to mid-size users who are choosing to buy rather than rent. According to public records, Foster's Point was formerly located in Spring, a northern suburb of Houston.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
