X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-AH Securities Inc., a local network consulting company, has purchased a 6,100-sf flex industrial building in the southwest sector from Alief Signs. The new owner not only gets to move, but gets expansion space too.

The final price was “south of the ask, but not too far south,” says Chris Caudill, senior associate of NAI Houston who, with colleague Joel Michael, ran the $400,000 listing Narcia Win Moore, owner of Alief Signs. The buyer was self-represented.

Built in 1980, the office/warehouse at 10406 Rockley Rd. is assessed at $230,213 by Harris County. Caudill says Moore was retiring and wanted to sell the property in the Dunn Southwest Business Park.

Caudill tells GlobeSt.com that the property was on the market for a week when an offer was made. It immediately went under contract. “It’s in the southwest market of the area,” he explains. “Down there, in that area of town, there’s a real lack of small buildings for sale within the 5,000 to 30,000-sf range. So when one is put on the market, it’s snapped up, as this one was.”

According to second quarter statistics the industrial sector, low vacancy rates and increased absorption are the trends. Small owner-user stock is considered a rare find in the city, particularly in industrial areas like the southwest and northwest. Adding to the demand factor is the minimal new construction in AH Securities’ new location.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.