SOLD
1560 Industrial Dr
This 21,000 SF dock-high cross dock building on 1.16 acres at 1560 Industrial Dr. sold in a deed-restricted business park setting. The property features six dock-high loading doors on the south side, four grade-level roll-up doors on the north side, and a shared concrete truck court accommodating full-sized 53-foot trailers. The building was configured as three suites with the flexibility to convert back to a single-tenant layout for an owner-user.
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A 21,038 SF cross-dock industrial building on 1.16 acres in an infill, deed-restricted Southwest Houston business park. The building came with a seller-occupant vacating its largest suite at closing and two remaining tenants on below-market gross leases, one of them month-to-month. Functional small-bay product in a submarket where new construction is aimed at far larger users.
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WCP re-leased the vacated suite and reset the in-place leases to market as they came due, converting the entire building from below-market gross leases to market-rate NNN. The month-to-month tenant signed a new net lease immediately after closing, and the remaining tenant renewed at market on the same terms when its lease rolled. The plan took the building from partial occupancy and below-market income to a fully leased, net-leased asset.
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1560 Industrial sold as a fully stabilized, 100% leased industrial asset with a clean, market-rate NNN rent roll. The repositioning captured a meaningful mark-to-market and shifted operating costs to tenants, delivering a de-risked, income-producing building. The project reflects WCP's approach to straightforward industrial: buy functional product, fix the rent roll, and exit clean.