Colliers is pleased to announce that Used Bikes Direct has finalized the lease of a 22,630 square foot building located at 16445 North Freeway in Houston, Texas. The tenant, Used Bikes Direct, was represented by Judy Beebe and Chris Klein of Colliers. The landlord, Bet Ezra, LLC., was represented by Zane Carmen and Clay Pritchett of Partners.
Opening their fourth store, Used Bikes Direct is now entering the Houston market. With traffic counts of more than 160,000 vehicles per day on the North Freeway, they are confident that this location will be successful. The property is a former furniture store/warehouse, built in 1982, and sits on 1.42 acres. It offers excellent visibility along Interstate 45. Used Bikes Direct is a rapidly growing powersports dealership that specializes in providing quality pre-owned motorcycles. They carry all major brands such as Harley, Yamaha, Honda, Kawasaki, Suzuki, BMW, Polaris SlingShots and more.
The property is within the North Freeway/Tomball Parkway’s industrial submarket, which contains 4.7 million square feet of flex industrial inventory. Currently 82.7% occupied, leasing activity has totaled 634,060 square feet in the submarket. The average asking market rental rate is $10.61 per square foot, and one 44,000-square-foot flex building is under construction.
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.