Brad Smith Acquires 17,000 SF Warehouse In Houston From Glenn Bennett Represented By Lucas Fertitta
8433 Rayson Road
Building Size
17,000 SF
Asset Type
Warehouse
Closing
Jul 29, 2026
About this deal
AI
The transaction involved a warehouse asset located at 8433 Rayson Road in Houston. This low-coverage industrial property boasts a total square footage of 17,000 SF and is situated on 1.5 acres of excess land for outdoor storage. The transaction occurred on July 29, 2026.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: Not disclosed
- Market: Houston
- Buyer: Brad Smith
- Seller: Glenn Bennett
- Buyer's Representative: Lucas Fertitta - Alpine Partners
- Buyer's Attorney: Shane Waddell - Porter Law Firm
This deal marks the 10th industrial investment in the Greater Houston Area for Redpoint Industrial Group (RIG). The transaction was sourced as an off-market deal by Lucas Fertitta of Alpine Partners, highlighting the strategic acquisition in the NW Houston 290 Corridor.
On the Map
Warehouse
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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