- Opportunistic purchase with simultaneous lease execution
- Sourced opportunity through long-standing brokerage relationship
- Sold to out-of-state buyer
Levey purchased this north Houston property, a vacant church/school facility, while simultaneously executing a seven-year lease with a new tenant, using one of its longtime broker relationships to facilitate the transactions. One year later, we sold the property to a 1031 buyer out of California at an attractive cap rate.