CYPRESS CREEK, TX-Once home to a dry cleaning distribution business, a 27,500-sf building along Perry Road will be transformed into a substation for the Cypress Creek Fire Department. The asset has traded for close to its $1.2-million asking price.

John Ferruzzo with NAI Houston’s office, tells that the volunteer fire organization began looking for a site after a demographics study pinpointed a need in the Perry Road area in the suburb, located north of Houston. “They found out that Perry Road was ground zero for them,” he says. “They felt that was a spot they needed to be.” He adds the firemen initially considered building a facility, but opted for an existing structure after seeing the 12073 Perry Rd. property.

Although several others bid on the building, Ferruzzo says fire department officials won over the seller of record, 12073 Perry Rd. LP, with its quick-closing terms. “We shut down the negotiations pretty quickly when we realized the fire department was going to close quickly,” he says. “The seller had a good feeling that a government agency wd have the ability to close.”

Still, Ferruzzo says, the department will need to make some major renovations to the property, which had been used for years as a dry cleaning distribution center. Although it has enough land for parking of fire equipment, the building has no bays for the fire trucks.

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?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

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 now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.