Colliers facilitates purchase of Clear Water Express Car Wash property in Magnolia

HOUSTON - Rezul -- Colliers is pleased to announce the successful purchase of ClearWater Car Wash at 7424 FM1488 in Magnolia, Texas. The seller, Magnolia Circle, L.P., was represented by Marc Peeler of NewQuest Properties. The buyer was represented by Todd Moore and Connor Duffy of Colliers.

ClearWater Express Car Wash delivers an affordable, fast and quality service with industry-leading equipment. Their team is dedicated to excellence with an unparalleled car wash experience. The property is located off of FM 1488 within the Shoppes of Magnolia Circle. It is shadow anchored by H-E-B.

Magnolia's retail sector is located within the Montgomery County submarket, which currently boasts an inventory of 36.3 million square feet. The submarket is 95.9% occupied with 481,000 square feet of new product under construction. The area's current average asking rate is $20.42 per square foot.

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