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Colliers sells 10,000 square foot freestanding building in Sugar Land

 

Colliers is pleased to announce the sale of a 10,000 square foot freestanding building located at 4920 River Falls Drive in Sugar Land, Texas. The buyer, Cynet Capital, was represented by Zhen Liang of PY Realty Co. Bill Insull and Todd Moore of Colliers represented the seller, Crest Ridge, in the transaction.

 

“Through our marketing efforts, we were able to generate a lot of interest in the property and, in the end, had two competing offers to realize maximum value for the bank,” said Bill Insull of Colliers.

 

The former childcare facility is situated on a 1.16 acre lot, adjacent to the Grand Parkway, along River Falls Drive just north of Interstate 69. The property features an enclosed yard/playground, monument sign and abundant parking. Cynet Capital plans to operate a school at the property.

 

The property is located in Houston's Far Southwest retail submarket. The submarket contains 12.7 million square feet of retail space, which is currently 94 percent occupied. The average asking rate in the submarket is $21.90 per square foot; however, rental rates can range anywhere between $20.00 to $80.00 per square foot depending on the age, size and location of the space.

4920 River Falls


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Todd Moore

Principal

Houston

Todd Moore joined Colliers International | Houston in November 2020 as a Principal where he focuses on investment sales of industrial, office, retail and sale leaseback transactions.

Prior to joining Colliers, Mr. Moore served as Director at Stan Johnson Company (SJC) where he spent nine years representing buyers and sellers of net leased assets throughout the United States. During his time with SJC, he transacted close to half a billion in investment sales and was recognized with the Sales Excellence Award and as a Top 10 Producer. He brings more than 12 years of commercial real estate experience to the Colliers team and has a unique ability to effectively analyze and transact leased investment property. 

Mr. Moore’s primary focus is on developers and investor clients in the industrial, office and retail market sectors throughout the United States. His commitment to client services promotes the development of strong relationships with top developers, Real Estate Investment Trusts (REIT) and private investors across the country.

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