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Colliers announces the sale of 3.7 acres on North Wayside Drive in Houston

Colliers is pleased to announce the sale of a 3.7 acre stabilized storage yard, located at 605 North Wayside Drive in Houston. The seller, RYCO Real Estate #1, was represented by Jason Ryan and Webb Melder of Melder Real Estate. Zack Taylor of Colliers represented the buyer, 605 Wayside LP, in the transaction and has been retained to lease the property on behalf of the investment group.

 

"The property’s proximity to both Port Houston’s Breakbulk terminal and Interstate 10 is extremely attractive to tenants looking to store trucks, trailers and other oversized cargo. This asset will be a terrific long-term investment for the client," said Zack Taylor, Senior Vice President of Colliers.

 

The stabilized yard is situated just south of Interstate 10.

 

The property is located in Houston's Downtown industrial submarket. The Downtown industrial submarket contains 31.9 million square feet of industrial space which is currently 94.3 percent occupied. The average asking rate in the submarket is $5.68 per square foot.

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Zack Taylor

Senior Vice President

Houston

Zack Taylor joined Colliers in March 2021 as Senior Vice President. Zack specializes in the sale and leasing of industrial real estate with a particular focus in southeast Houston and other markets along the Gulf Coast. He has experience working with local, national, and international clients on their various real estate needs including site selection, tenant representation, building acquisitions/dispositions and build-to-suit projects. Zack’s analytical approach to real estate allows him to successfully evaluate and execute a broad range of complex transactions.

Zack has nine years of experience in commercial real estate acting as a trusted advisor. Zack has worked with industrial users, developers, and investors on a variety of transactions totaling more than 3 million square feet of lease/sale transactions and hundreds of acres of land totaling more than $200 million in transaction volume.

Zack is a native Houstonian and enjoys spending time in the outdoors with his wife, Alexandra, and two boys, Owen and Benjamin.

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