Mike Erwin Of Colliers International Represents Unknown Buyer In Brookshire Sale For $4.2M

A 27,211-square-foot industrial facility at 502 Farm to Market 359 in Brookshire, Texas, has been sold for $4,200,000. Positioned on a 5.2-acre site, the property features ample parking and provides quick access to Interstate 10, facilitating easy transport from Houston. At the time of sale, the building was fully leased to H&E Equipment Services with over 10 years left on the lease.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,200,000.00
• Address: 502 Farm to Market 359, Brookshire, Texas
• Buyer’s Representative: Mike Erwin, Colliers International
• Seller: Unknown
• Buyer: Unknown
• Square Footage: 27,211
• Market: Brookshire
• Last Trade Year: 2014
• Leasing Status: Fully leased
• Lease Duration Remaining: More than 10 years

Stan Johnson Co. Director Zach Harris represented the seller in this transaction, highlighting the involvement of established entities in the industrial real estate market. The buyer, a foreign institutional group, acquired the asset through a 1031 exchange. Colliers International's Mike Erwin served as the executive vice president for the buyer during this process.