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1831 West E Street

Andrew Smith Acquires 21,000 SF Industrial Site In La Porte From Don Remmel
SOLDIndustrial

Andrew Smith Acquires 21,000 SF Industrial Site In La Porte From Don Remmel

1831 West E Street

Building Size

21,000 SF

Asset Type

Industrial

Closing

May 13, 2026

AI

This industrial asset is located at 1831 West E Street in La Porte, Texas, within the Greater Houston area. The property encompasses a total of 21,000 square feet of Crane-Ready warehouse space spread across a 2.5-acre stabilized outdoor storage yard.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: Andrew Smith
  • Seller: Don Remmel
  • Brokers: Derick Perkins & AJ Nelson - Alpine Partners
  • Market: La Porte

Alpine Partners successfully facilitated this transaction in one of the tightest submarkets in the Greater Houston area, focusing on the sale of this low-coverage industrial site. Derick Perkins and AJ Nelson represented the parties involved in the deal.

Players

Derick Perkins

Alpine Partners

Broker

$2.1M

vol

16 deals

Broker

Andrew Smith

Buyer

$15M

vol

4 deals

Buyer

La Porte 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