Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LA PORTE, TX-A group of foreign investors has acquired a 41,851-sf warehouse with a single tenant in La Porte, a coastal city of about 34,000 residents situated 26 miles east of Houston’s CBD.

The seller of record of 703 S. 16th St. is Floyd Interests-La Porte LLC and the buyer of record is La Porte LLC. B. Kelley Parker and John Littman, both of the Houston office of Cushman & Wakefield of Texas Inc., represented the buyer in the negotiations. The Cushman & Wakefield Houston team of James E. Foreman, Beau Kaleel and Sandra F. Harris represented the seller.

Parker wouldn’t disclose the selling price, but did tell GlobeSt.com that seller was seeking $950,000 when the building came to market. He says his clients intend to use the warehouse, situated on three acres, as a long-term investment. The property’s sole tenant is there for the long term, according to Parker.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.