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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 1,010,912
- Acres: 43.52
- Address: 9200-9300 Baythorne Drive & 4820 Blalock Road
- Market: Houston, TX
- Buyer: Robert Chagares & Andrew M. Zgutowicz - High Street Logistics Properties
- Brokers: Trent Agnew, Charles Strauss, Lance Young, Brooke Petzold & Dawson Hastings - JLL
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
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