Colliers is pleased to announce the sale of 31.62 acres of industrial outdoor storage (IOS) with 23,000 square feet of industrial improvements located seven miles from Port Houston at 5308 Oates Rd in Houston, Texas. Paul Dominique, Brad Beauchamp and Jon Lindenberger of Colliers represented the seller, OFS Global Holdings, in the transaction.
““This property provides significant space and flexibility for the new owner, along with an expansive acreage ideal for future development,” said Paul Dominique of Colliers.
“The connectivity to the Port Houston and Loop 610 while utilizing the existing improvements makes this an easy transition for a new buyer to operate quickly,” said Jon Lindenberger of Colliers.
The property is within Houston’s Northeast I-10 industrial submarket, which contains 7.1 million square feet of industrial inventory that is currently 90.4% occupied. Year-to-date net absorption of 412,043 square feet along with year-to-date leasing activity of 249,864 square feet were reported in the submarket. No buildings are currently under construction, and no properties were completed during 2024. The sector currently offers an average asking rental rate of $7.83 per square foot.
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Colliers is a leading global diversified professional services company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, our 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, our experienced leadership – with substantial inside ownership – has consistently delivered approximately 20% compound annual investment returns for shareholders. With annual revenues exceeding $4.5 billion and $99 billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of our clients, investors and people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
