Houston, Texas


NIT Industrial acquired 12614 Hempstead Hwy. in October of 2019 as a value-add opportunistic investment. The building, a 2nd generation distribution facility was purchased significantly below replacement cost from STAG Industrial REIT. The property was repositioned through CAPEX renovations with the intention to lease it to a 3rd party tenant and ultimately sell based on a stabilized CAP rate. The property was ultimately sold in September of 2020 to an owner/operator at a rate that provided equitable returns to those that would have been achieved through sale after stabilization.

Property Details

Total RSF: 151,260 SF

Office Area: 24,018 SF (2 Story)

Configuration: Cross Dock | Grade & Dock High Loading

Clear Height: 21′ at Doors | 22′ at Center Column

  • CAPEX Renovation Plan:
  • White-Box of Warehouse
  • New Warehouse Lighting
  • Repair/Replacement of all Dock Levelers
  • Repair of Slab Cracks
  • Resurfacing of Truck Courts
  • Demo of existing Low-Clear warehouse
  • Mezzanine Space
  • White-Box of Office

Revolutionizing the Industrial Real Estate Landscape

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