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9300 Baythorne Drive

High Street Logistics Properties Acquires Northwest Spur Industrial Park In Houston For $XXXXM
SOLDIndustrial

High Street Logistics Properties Acquires Northwest Spur Industrial Park In Houston For $XXXXM

9300 Baythorne Drive & 4820 Blalock Rd

Building Size

1,010,912 SF

Asset Type

Industrial

Closing

Jun 30, 2026

AI

The transaction involved the acquisition of Northwest Spur Industrial Park, an industrial portfolio comprising six fully leased buildings situated on 43.52 acres. The property, located at 9200-9300 Baythorne Drive & 4820 Blalock Road in Houston, TX, features a total square footage of 1,010,912. This asset was purchased by High Street Logistics Properties from an undisclosed seller.

Summary of transaction details:

Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold, and Dawson Hastings of JLL Capital Markets represented the seller in this transaction, providing their expertise in facilitating the sale to High Street Logistics Properties.

Players

Charlie Strauss

JLL

Broker

30 deals

Broker

Andrew M. Zgutowicz

High Street Logistics Properties

Buyer

$50.4M

vol

4 deals

Buyer
High Street Logistics
High Street LogisticsBuyer

Market 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