Updated May 11, 2026
PlaceMKR Acquires 612,000 Square Foot Industrial Campus At 1310 Rankin Road In Houston From Ed Boufarah
1310 Rankin Road
Building Size
612,000 SF
Asset Type
Industrial
Closing
May 6, 2026
About this deal
AI
PlaceMKR has acquired a 612,000-square-foot advanced manufacturing and industrial campus located at 1310 Rankin Road in Houston, TX, encompassing 50 acres of land. The property consists of 17 buildings, 32 cranes, and a 40-megawatt substation.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Buyer: PlaceMKR
- Seller: Ed Boufarah - Wellbore Integrity Solutions
- Tenant: Wellbore Integrity Solutions
- Redevelopment Plan: PlaceMKR plans to redevelop portions of the campus and add 88,000 square feet of rentable space.
Ed Boufarah, representing Wellbore Integrity Solutions, played a crucial role in the transaction, facilitating the sale to PlaceMKR while ensuring the continued tenancy of the previous owner within the facility.
On the Map
Industrial
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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