The property involved in this transaction is a 25,992-square-foot industrial building located at 4303 South Drive in Houston, encompassing 2.17 acres. The asset is situated in a submarket with strong demand and high leasing activity, indicated by an average rental rate of $8.87 per square foot.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 4303 South Drive
• Market: Houston
• Square Footage: 25,992
• Acres: 2.17
• Seller: Glenmorangie LLC
• Buyer’s Representative: Michael Stavinoha - Dominion International Group - EXP Realty
• Seller’s Representatives: Christopher Winters and Walter Menuet - Colliers International

Colliers International facilitated the sale of the property, representing the seller, Glenmorangie LLC, while Michael Stavinoha represented the buyer. This transaction highlights the activity within the Southwest Far industrial submarket of Houston, which is characterized by a high occupancy rate of 90.6%.