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8433 Rayson Road

Brad Smith Acquires 17,000 SF Warehouse In Houston From Glenn Bennett Represented By Lucas Fertitta
SOLDWarehouse

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

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.

Players

Lucas Fertitta

Alpine Partners

Broker
Broker

Houston Warehouse Market Snapshot

Boundary boundary · Warehouse · 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