Avalon Motor Coaches Acquires Industrial Property From Scarlet Capital At 111 Berry Road Houston
111 Berry Road
Building Size
21,750 SF
Asset Type
Industrial
Closing
Jun 5, 2025
AI
The asset involved in this transaction is an industrial property located at 111 Berry Road in Houston. The site encompasses 21,750 square feet and sits on a 4.67-acre plot. The property has been acquired by Avalon Motor Coaches from Scarlet Capital.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 111 Berry Road
- Market: Houston
- Square Footage: 21,750
- Buyer: Avalon Motor Coaches
- Seller: Scarlet Capital
- Brokers: Kyle Fischer & Derick Perkins - Alpine Partners
Alpine Partners effectively facilitated the sale, ensuring a successful transaction. The property will be utilized by Avalon Motor Coaches as their Houston Bus Fleet service facility.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93