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
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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