AMARCO ACQUIRES 7,500 SQUARE FEET OF INDUSTRIAL PROPERTY IN HUMBLE, TEXAS
HUMBLE, TEXAS, AUGUST 28TH, 2024 — AMARCO, through its CPIV Fund I, has acquired a 7,500-square-foot multi-tenant industrial property located at 15520 Lee Rd, Humble, TX. This asset, constructed in 2000, is positioned on a 1.06-acre site and includes three grade-level roll-up doors and substantial outdoor storage capacity.
Currently 67% occupied, the plan for this asset will be to mark-to-market rents and lease the outstanding vacancy. Its adaptable design is suitable for a range of industrial applications, offering significant flexibility for future tenants. Situated in a rapidly developing area with excellent access to major highways, 15520 Lee Rd is strategically located to leverage regional growth trends. We are confident that this acquisition will strengthen our investment portfolio and deliver substantial returns as we continue to expand in our target markets.
About AMAR Companies, Inc.
AMARCO is an industrial real estate holding company that specializes in refining the art of acquisition, renovation, leasing, and property management to deliver a superior leasing experience, and deliver above-market returns to our investors. AMARCO targets the acquisition of single-tenant and multi-tenant industrial assets at below replacement cost, located in infill markets. To learn more about our growing portfolio, please visit www.amarco.com. For leasing inquiries or questions about the property, please contact pm@amarco.com.