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The Murphy Business Center is a 343,200 SF industrial park spanning 28 buildings across 21.1 acres in Stafford, TX—one of Houston’s fastest-growing submarkets, with 16% population growth over the past decade. The property features 114 bays ranging from 1,200 SF to 18,500 SF, with an average bay size of 3,010 SF. This format caters to the strongest-performing tenant segment in the Houston market: small to mid-sized businesses that need flexibility to expand within the park. The broad range of bay sizes creates both diversity and durability of tenancy, positioning Murphy as a premier destination for long-term occupancy.
This acquisition aligns perfectly with our strategy of acquiring multi-tenant industrial business parks at a basis well below replacement cost, with in-place rents that trail market levels. Murphy offers a rare combination of an infill location, an attractive acquisition yield of 6.62% providing immediate day-one cash flow, and clear levers for near-term value creation. We see a direct path to increasing NOI 42% from month 1 to the end of year 2 from combined revenue increases through execution of lease up and marking in place leases to market. By pairing stable in-place income with meaningful upside potential, Murphy strikes the ideal balance between cash flow and forced appreciation—making it a compelling and strategic investment.
Murphy Business Center
12999-13003 Murphy Rd, Stafford TX 77477
The Murphy Business Center benefits from nearly $2M of recent capital improvements, including $1.3M in City of Stafford–mandated fire life safety upgrades, along with new HVAC systems, façade enhancements, and roll-up door replacements. These costly upgrades, already absorbed by the prior owner, significantly reduce near-term capital needs and position the property for durable cash flow.
The primary value creation comes from leasing the 16% current vacancy through targeted interior make-ready work — refreshing offices with new paint and flooring, upgrading warehouse lighting, and applying fresh interior paint. These improvements, currently absent, are critical to driving occupancy and rental rates in this bay size segment. Combined revenue increases through execution of lease up and marking in place leases to market, we project NOI to grow from $191,205 in month 1 to $275,213 by the end of year 2 — a 42% increase. This translates into a stabilized return on cost of 8.33% at the end of year 2 and 9.07% in year 5.
Adding further upside, the park is divided into two separate parcels, providing flexibility for a multi-sale exit if smaller dispositions prove more accretive. This optionality enhances both liquidity and potential exit value.
By pairing strong cash flow with meaningful NOI growth and capital appreciation, Murphy delivers returns competitive with debt investments — but with the added upside of long-term equity value creation.
Per JLL, Houston’s small- to mid-size industrial inventory is outperforming the broader market, with vacancy rates in the 3–5% range versus 7%+ for larger product and sustained rental growth in the sub-50k SF segment. While large tenant leases often move the headlines, over 75% of deals signed this year (by count) were for spaces under 100,000 SF — reflecting the consistent depth of demand from smaller users. With an average bay size of just 3,010 SF, the Murphy Business Center is uniquely positioned to capture this tenant demand. Coupled with limited new supply of comparable product in Stafford/Fort Bend and strong absorption trends, Murphy is poised to outperform the market at large.
Murphy Business Center
12999-13003 Murphy Rd, Stafford, TX 77477
Murphy Business Center
12999-13003 Murphy Rd, Stafford, TX 77477
At Hanson Capital Group, experience is not just a metric—it’s our foundation. Boasting over 100 years of combined expertise in real estate, we’ve cultivated a reputation for excellence and strategic insight in the market. Our formidable investments, nearing $300,000,000 under management, are a testament to our sustained success. Driving our vision forward is a harmonized team of executives and directors. CEO Chris Hanson, COO Zach Price, Managing Director of Acquisitions Chris Pike, and Managing Director of Asset Management Jim Tainter lead the charge. Together, they craft the trajectory for Hanson Capital Group, ensuring we remain at the forefront of the real estate industry.
Established in 2008, Hanson Capital Group embarked on its mission to become a trusted auction bidding service provider and create a lasting enterprise focused on creating wealth for ourselves and our partners. Aligning with prominent institutions, our dedication and energy quickly became evident, resulting in the acquisition of over 1,500 single-family homes out of foreclosure within an impressive six-year span. However, our sights were set higher. Identifying a unique opportunity to elevate our bidding pursuits, Hanson Capital, LLC was established in 2010 as a state-licensed mortgage bank. Today, Hanson Capital thrives as a leading hard money and bridge debt lender, and, to date, has overseen transactions exceeding $500 million, while consistently maintaining an equity portfolio averaging $40 million.
While our initial investments were rooted in real estate backed lending, in 2010 we began our pursuit of direct investment in value-add multifamily assets. After nearly a decade of that value-add multifamily strategy, and after buying and selling a few thousand apartment doors, our focus shifted in 2018 towards industrial real estate, which continues to be the focus today.
We are now deeply entrenched in industrial real estate within the so-called “Sun Belt”, with a notable presence in strategic areas like California, Arizona, and Texas. The result of this commitment is over $250,000,000 in industrial real estate and over 1.4 million square feet of current assets under management.
Our process is invaluable to our success. All investment decisions are made by our investment committee in accordance with our Investment Policy Statement (IPS). Strategically crafted, the IPS emphasizes our central mission: capitalizing on inefficiencies in real estate to provide sustainable returns through proven and disciplined investment and management strategies. Every facet of the IPS has been intricately designed to demystify our methodologies, underscoring our commitment to transparency, accountability, and the responsible management of entrusted capital. The IPS also guides us in making informed, consistent decisions, helping to mitigate risks, and optimize returns, while ensuring that our actions align with our long-term investment objectives.
Murphy Business Center
12999-13003 Murphy Rd, Stafford, TX 77477
Chris Hanson, the Principal of Hanson Capital Group (HCG), is renowned for his strategic foresight in the real estate sector. Starting with the acquisition of single-family homes for institutions during the Great Recession and a mortgage banking operation, Chris has adeptly navigated market trends, transitioning into multifamily and subsequently industrial real estate. His unique ability to identify lucrative opportunities has been pivotal to HCG’s success. Under Chris’s leadership, HCG has thrived in real estate and finance, showcasing his profound insight into both sectors. His dynamic approach and unparalleled experience fuel HCG’s ongoing growth and success.
Zach brings a unique blend of operational acumen and legal expertise to the real estate investment sector. As COO, he integrates strategic operational management, focusing on process streamlining and enhancing operational efficiency. Zach’s role involves a wide range of responsibilities, including team leadership, property oversight, investor relations, and ensuring compliance. His analytical approach and ability to handle challenges demonstrate his adaptability and dedication to the company’s success in the dynamic real estate market
Chris has been a driving force in the company’s growth and profitability. In his role, Chris leads the development and execution of acquisition strategies, combining his deep understanding of real estate trends and financial modeling to secure profitable investments. He manages both the internal team and external relationships, including brokers and financial partners, fostering a results-driven environment. His commitment to continuous learning and active industry engagement ensures Hanson Capital Group’s agility and success in the dynamic real estate market.
Jim’s extensive thirty-year career in the real estate sector is marked by his expertise in a wide array of areas. Known for his exceptional service and an owner-centric approach, Jim has a proven track record of handling diverse commercial, industrial, retail, and multi-family properties. Jim excels in recruiting and motivating top talent, fostering team engagement, and implementing best practices from an owner’s perspective. This approach not only enhances the value for clients and their properties but also supports the leasing, accounting, and management teams under his guidance.