Colliers sells ±3.2 acres of raw land in Conroe, Texas

HOUSTON - Oct. 27, 2022 - PRLog -- Colliers is pleased to announce the sale of ±3.2 acres of raw land on Airport Road in Conroe, Texas. The buyer, Alliance 40, LLC, was represented by Anasofia Sada Mendez of Zarco Properties, LLC. Tom Condon, Jr. (https://www.colliers.com/en/experts/tom-condon-jr) and John Grimsley (https://www.colliers.com/en/experts/john-grimsley) of Colliers and Raymond C. Schuler, SIOR, CCIM of Kidder Mathews-Tacoma, WA, represented the seller, NWC #6, LLC, in the transaction.

The property is located in close proximity to Lone Star Executive Airport, Lone Star Convention & Expo Center and Conroe North Industrial Park/Deison Technology Park. The property sits in a high-growth industrial corridor and has over 234 feet of frontage on Airport Road.

The property is located in Houston's The Woodlands/Conroe industrial submarket. The submarket contains 31.8 million square feet of industrial space which is currently 95.9 percent occupied.The average asking market rental rate is $10.57 per square foot and there is 1.7 million square feet of industrial space currently under construction in the submarket.

See the article here: https://www.colliers.com/en/news/houston/airport-road--ac...