Royston Group Sells Building in Conroe, Texas to Builders FirstSource for $3.4 million

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The Royston Group has completed the sale of a Vacant building in the Houston MSA to Builders FirstSource

The Royston Group

The Royston Group

They were very aggressive in the pricing and purchase of these properties

The Royston Group has completed the sale of a 60,000 square foot vacant industrial building on 11.49 acres located in Conroe, Texas. The off market investment was purchased all cash by Builders FirstSource for a price of $3,450,000. Builders FirstSource will occupy the site for its own use. The seller was a California-based investor who had owned the site for over 10 years.

Greg Cortese represented the buyer and seller in this transaction. “The user was looking for a single-tenant property that they could occupy immediately to house their business. With the property’s proximity to major arteries and the facilities needing very little retrofit, this site is a perfect fit for Builder FirstSource. They were very aggressive in the pricing and purchase of these properties,” said Greg Cortese.

Greg Cortese and Rob Sutton of The Royston Group are experts in the sale of single tenant net lease properties. The Royston Group is a privately held commercial real estate investment firm, founded in 1992. It provides services for a multitude of net lease commercial property types including office, industrial, retail and medical. The company serves an array of clients including high-net worth individuals, developers of office, industrial and retail properties, institutional REITs and pension funds. The firm has completed over $2 billion in real estate sales since its inception. More information on the firm can be found at http://www.theroystongroup.com.

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