West Houston Land
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.
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.
After purchasing the property, marketed parcels to end users.
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.