Achievements

West Houston Land

The Investment

18.29 acres of land on Dairy Ashford Rd and Westpark Dr, Houston, Texas.

Sourcing the Investment

Identified the site as having potential for future appreciation. The subject was placed under contract, a partnership was created, funds were raised, and the land was acquired.

The Opportunity

Projected the acquisition of the land could achieve the partnership's investment criteria due to its location on the growing west side of Houston, its configuration (significant frontage-to-depth ratio), and the potential for a future traffic-controlled intersection.

Role

After purchasing the property, marketed parcels to end users.

Results

Ten parcels of land totaling 14.3 acres have been sold to a mix of national retailers and local users. Approximately 4.0 acres of land remain available for sale. The investors have earned strong IRR and cash-on-cash returns.