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5475 Allen-Genoa Road

Leon Backes Of Provident Realty Advisors Acquires 162180 Square Foot Industrial Asset In Houston
SOLDIndustrial

Leon Backes Of Provident Realty Advisors Acquires 162180 Square Foot Industrial Asset In Houston

5475 Allen-Genoa Road

Building Size

162,180 SF

Asset Type

Industrial

Closing

Feb 17, 2026

AI

The property involved in this transaction is the Red Bluff Distribution Center, an industrial asset located at 5475 Allen-Genoa Road in Houston. This fully leased Class A logistics property spans 162,180 square feet and is strategically situated near I-45 and Beltway 8, enhancing its appeal within the market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 162,180 SF
  • Address: 5475 Allen-Genoa Road
  • Market: Houston
  • Buyer: Leon Backes - Provident Realty Advisors
  • Seller: Provident Industrial

This transaction was completed on February 17, 2026. The asset is fully leased, with E320 Containers as the occupant, showcasing significant investor interest in well-located infill industrial facilities. The sale illustrates the ongoing demand for such properties in the Houston area.

Players

Leon Backes

Provident Realty Advisors

Buyer

$32M

vol

5 deals

Buyer

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