Partners is pleased to present the opportunity to acquire 19233 FM 1485, a 18,985-square-foot industrial facility situated on 32.13 acres, 13.00 acres of which is stabilized, in the rapidly growing community of New Caney, Texas.
The property is currently leased to Tri-Star Protectors, a specialized industrial manufacturer and distributor serving the oil and gas industry. Tri-Star Protectors is part of Caplugs, a nationally recognized manufacturer of product protection and masking solutions with a long operating history and diversified customer base. The tenant’s lease extends through December 2027 and includes a 10-year renewal option at fair market value, providing long-term flexibility for ownership to capture future market rent growth.
Strategically located just north of Houston along the Interstate 69 / U.S. Highway 59 corridor, the property benefits from excellent regional connectivity, allowing efficient access to Greater Houston, the Port of Houston, and the broader Gulf Coast market. This corridor continues to experience significant population growth, infrastructure investment, and commercial expansion, reinforcing long-term industrial demand.
The asset is positioned within one of Montgomery County’s fastest-growing submarkets, supported by substantial nearby residential and commercial development. Notable projects include the Valley Ranch Town Center, multiple master-planned communities, and ongoing retail, medical, and distribution growth, all of which contribute to a strengthening labor pool and sustained tenant demand.