Apricus Acquires Three Outdoor Storage Sites in Houston
Property consists of five buildings on 70,000 square feet in Northwest Inner Loop
Apricus Realty Capital acquired three industrial outdoor storage sites comprised of five buildings totaling approximately 70,000 square feet in Houston’s Northwest Inner Loop submarket. The property is situated on 4.01 acres along Pasket Lane, just south of Dacoma Street and two minutes west of U.S. 290. Foundation Building Materials fully occupies the premises.
The in-fill industrial property was purchased for an undisclosed amount as the initial acquisition was in a programmatic joint venture with institutional partner, Alex Brown Realty.
“This partnership will continue acquiring other high-quality opportunities over the next 12 months, with a particular focus on in-fill industrial properties in Dallas-Fort Worth and Houston,” said Matt Haley, Managing Principal of Apricus.
Since its start in November 2021, the leadership team at Apricus has targeted industrial, Class A office and retail properties in the major Texas markets of Dallas-Fort Worth, Austin and Houston. Apricus is affiliated with Younger Partners, a commercial real estate firm providing services to owners, investors and tenants across the region.