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1121 Buschong Street

Schlumberger Technology Corp Sells Industrial Facility In North Houston With Lee & Associates Representing
SOLDIndustrial

Schlumberger Technology Corp Sells Industrial Facility In North Houston With Lee & Associates Representing

1121 Buschong Street

Building Size

80,164 SF

Asset Type

Industrial

Closing

Jan 30, 2026

AI

An industrial property located at 1121 Buschong Street in Houston has sold. The asset encompasses an 80,164 square foot manufacturing facility built in 2001, situated on 6.4 acres of land. The property includes 14,250 square feet of office space. The sale further indicates the ongoing investor interest in industrial properties in the North Houston region.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not Disclosed
  • Address: 1121 Buschong Street
  • Market: Houston
  • Square Footage: 80,164
  • Acres: 6.4
  • Seller: Schlumberger Technology Corp
  • Brokers: Justin Tunnell & Richard Glass - Lee & Associates

Justin Tunnell and Richard Glass of Lee & Associates represented Schlumberger Technology Corp in the transaction. The identities of the buyer and the sale price have not been disclosed, underscoring the confidentiality often associated with real estate transactions of this nature.

Players

Richard Glass

Lee & Associates

Broker

5 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93