Slyde G8 Fabrication Acquires Industrial Property From Red Beard Capital In Houston For 12,000SF
13001 Elaine Road
Building Size
12,000 SF
Asset Type
Industrial
Closing
May 13, 2025
AI
This industrial property is located at 13001 Elaine Road in Houston, encompassing a total of 12,000 square feet on a 3.4-acre site. The site is positioned in South Houston, conveniently near the intersection of SH-288 and Beltway 8.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 13001 Elaine Road
- Market: Houston
- Asset Size: 12,000 SF
- Land Area: 3.4 AC
- Buyer: Slyde G8 Fabrication
- Seller: Red Beard Capital
- Brokers: Derick Perkins & Kyle Fischer - Alpine Partners
- Listing Duration: 45 days to source tenant
- Tenant Purchase Option: Executed after 1 year
The transaction was facilitated by brokers Derick Perkins and Kyle Fischer from Alpine Partners, who were instrumental in securing the tenant within a short listing period. Their efforts culminated in the tenant executing a purchase option after one year.
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