Houston, May 18, 2022 – Colliers is pleased to announce the sale of ±1.03 acres located at 4506 and 4512 Steffani Lane in Houston, Texas. The buyer, Lipien Land Company LLC, was represented by Andrew Brod of Whitebox Real Estate, LLC. Paul Dominique and Tom Condon, Jr. of Colliers represented the seller, 4512 Steffani Property LLC, in the transaction
The fenced and paved site was once two former buildings consisting of 16,000 and 5,000 square feet. The plot now features three curb cuts, a useable slab in place and is not within the flood plain. The property is situated just north of Clay Road between Steffani Lane and Gessner Road with easy access to Sam Houston Tollway, Hempstead Highway and Northwest Freeway (290).
The property is located in Houston’s Northwest Inner Loop industrial submarket. The submarket contains 64.8 million square feet of existing industrial space, which is currently 94.5% occupied. There is 135,000 square feet of additional space under construction.