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1831 West E Street

Updated May 19, 2026

Bilt advertisement
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

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.

Players

Derick Perkins

Alpine Partners

Broker

$2.1M

vol

18 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

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