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601 Mcfarland St Houston, T...

Updated Oct 29, 2024

SOLDIndustrial

Scarlet Capital Acquires McFarland Infill Industrial Complex In Houston's East End

601 Mcfarland St Houston, TX 77011, USA

Building Size

216,000 SF

Asset Type

Industrial

Closing

Jun 22, 2023

About this deal

AI

The McFarland Infill Industrial Complex in Houston's East End has been purchased by Scarlet Capital, led by Alexander & Daniel Ron. The property is an industrial asset with a size of 216,000 square feet situated on 14 acres. Located at 601 McFarland Street, the complex is in close proximity to the Port of Houston, making it an advantageous location for logistics and distribution businesses.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 601 McFarland Street
  • Market: Houston
  • Size: 216,000 square feet
  • Acres: 14

Scarlet Capital's acquisition of the McFarland Infill Industrial Complex aligns with their strategy to enhance the property, optimize its operations, and potentially explore redevelopment opportunities in the future. The firm aims to leverage the urban revitalization happening in the area and capitalize on its proximity to the Port of Houston, a major hub for international trade and commerce. This transaction showcases Scarlet Capital's strong focus on investment opportunities in Houston's industrial real estate market.

Players

Texas 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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