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.
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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