The 1980s-era manufacturing and warehouse building at 1511 W. 34th St. was sold by the First Bank of Central Texas of Temple, according to Chris Kugle, an associate with NAI Houston. He says the asset had been marketed for $725,000.
Kugle says the property was bought to provide Discovery Resources LLC, a litigation support company, with the room they needed to expand. "They'd simply outgrown their current facility on 29th street," says Kugle, who represented the buyer in the transaction. Debbie Richardson of Michael Berry Properties in Houston negotiated for the seller.
Kugle tells GlobeSt.com that Discovery Resources owned its former facility, 4,000 sf at 718 W. 29th St. Now, it's up for lease.
Because the space required no renovation, Kugle says the buyers took immediate possession. "It was a ready move-in," he says. "There was lots of space along with a nice, light area and a warehouse area. It worked perfectly for these guys."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 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.
