Updated May 19, 2026
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
About this deal
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.
On the Map
Industrial
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Players
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