The transaction involved a light industrial portfolio consisting of two properties located at 10606 Hempstead Road and 10610-10618 Rockley Road in Houston. The asset encompasses a total square footage of 193,819 and was sold for a total price of $24,900,000, translating to a price per square foot of $128.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $24,900,000
• Square Footage: 193,819
• Address: 10606 Hempstead Road & 10610-10618 Rockley Road
• Market: Houston
• Buyer: Brian Malliet - BKM Capital Partners
• Seller: Jason Baxter - Fort Capital
• Broker: CBRE National Partners
• PPSF: $128

Brian Malliet is representing BKM Capital Partners in the acquisition, while Jason Baxter represents Fort Capital as the seller in this transaction. Notably, BKM Capital Partners plans to implement a renovation program estimated at $12,000,000 for the two sites, which are currently 87% leased across 44 units.