Updated Oct 29, 2024
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