California buyer hands over $4.2 million for Brookshire industrial
BROOKSHIRE – A foreign institutional group has sold a 27,211-sf industrial facility on 5.2 acres at 502 FM Rd. 359 S. for $4.2 million.
The building was fully leased to H&E Equipment Services at the time of sale, with more than ten years of lease term remaining.
The California-based buyer purchased the asset through a 1031 exchange. Stan Johnson Co. worked on behalf of the seller, while Colliers International represented the buyer.
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