Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX. Inc. announces the disposition of its 12-building flex space property located at 5151, 5200, 5201, 5400, and 5401 Mitchelldale St. in Houston, Texas.
The 377,752-square-foot property was initially purchased by Silver Star Properties in 2014 and originally built in 1977. The extensive flex property caters to a diverse group of business establishments due to its after-hours controlled access, live 24-hour surveillance, and ample surface parking. It’s easy access to many of Houston’s major freeways and the Galleria, making it a primely located property in the Northwest Industrial submarket.
“The disposition of this asset places us one step closer to pursuing the new direction of expanding our investment classes to include self-storage.” shared Mark Torok, CEO.
About the Company
Silver Star Properties has extensive experience acquiring, owning, managing, and leasing commercial office, retail, light industrial, self-storage, and warehouse properties located in Texas. Since 1983, the Company and its affiliated entities have sponsored 27 programs and acquired interests in more than 90 real assets totaling over $805 million.
