Colliers is pleased to announce the sale of a ±15,000 square foot building on ±2.38 acres at 13347 Pike Road in Stafford, Texas. The buyer, TDE Holdings, was represented by A. J. Williams of Partners. Ray Lopez and Jon Lindenberger of Colliers represented the seller, Omnova Solutions, in the transaction.
Built in 2013, the industrial property has tilt wall construction with ±5,100 square foot of office space on ±2.38 acres. The property is 20-ton crane-ready and has a 28 foot eave height with three grade-level doors.
“We were pleased by the number of interested parties for this listing,” said Ray Lopez of Colliers. “We are proud to have exceeded our client’s goals in this transaction.”
The property is located in the Southwest Corridor’s Highway 59/Highway 90 industrial submarket, which contains 27.6 million square feet of inventory that is currently 95.9% occupied. The average asking market rental rate is $9.71 per square foot, and there is currently 204,000 square feet of industrial space under construction within the submarket.
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