Dallas-based Apricus Realty Capital added another industrial outdoor storage (IOS) property to its portfolio with the acquisition of the fully leased 15800 Export Plaza in Houston. The 9.7-acre site is located adjacent to George Bush Intercontinental Airport.

The acquisition is a joint venture with ABR Capital. Apricus was represented by Jason Tangen and Paul Dominque of the Colliers Houston office.

The property is a fully paved/concrete site with 89,000 square feet across five buildings (four warehouse/service buildings and one office.) The larger warehouse buildings are 26’ clear allowing for 50- and 10-ton cranes with 480/277 volts of heavy power. 

Apricus’ Garrett Marler adds, “We remain committed to seeking infill properties adjacent to essential infrastructure that are well suited for building material storage, heavy equipment storage, truck trailer parking, container storage and a variety of other outdoor space requirements. Our sweet spot ranges from $5 million to $15 million.”