ATX Auctions Leases 14,746 Square Feet Industrial Space At 2700 Bingle Road In Houston
2700 Bingle Road
Building Size
14,746 SF
Asset Type
Industrial
Closing
Sep 24, 2024
AI
ATX Auctions has leased a 14,746-square-foot industrial space located at 2700 Bingle Road in the Houston market. The property was originally constructed in 1976 and is situated in northwest Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 2700 Bingle Road
- Market: Houston
- Asset Size: 14,746 SF
- Tenant: ATX Auctions
- Landlord's Representative: Scott Wilkerson - Garver Real Estate
- Tenant's Representatives: Jacob Summers, John Harris & Stephen Hazen - Oxford Partners
The lease negotiations were conducted by John Harris, Jacob Summers, and Stephen Hazen from Oxford Partners representing the tenant, ATX Auctions. The landlord's representative for this transaction was Scott Wilkerson from Garver Real Estate.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Lease 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