Industrial trio no headache for Hangover

​​​GRANDVIEW – ​​Hangover Opportunity Fund, managed by SkyWalker Property Partners, has sold a fully leased, three-building industrial property on 16.8 acres at 8800 FM 916 to a private investor from Houston.​​

The seller spent roughly $250,000 in improving the 144,698-sf Grandview Industrial Complex, which was nearly 88 percent vacant when it was bought out of foreclosure three years ago. SkyWalker immediately undertook a major upgrade of the shuttered RV conversion plant and subsequently signed three long-term tenants.

The largest building, 82,210 sf, is leased to Noltex Truss DFW Inc. Leland’s Industries LLC occupies the 44,988-sf warehouse, and AES Drilling Fluids LLC is leasing the smallest structure, which is 17,500 sf. All three tenants are in place for at least three more years.

Jones Lang LaSalle handled the listing. The buyer, investor​ Eli Sassoon, made an all-cash offer for the buildings.