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2700 Bingle Road

ATX Auctions Leases 14,746 Square Feet Industrial Space At 2700 Bingle Road In Houston
LEASEDIndustrial

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:

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

Scott Wilkerson

Garver Real Estate

Broker

1 deal

Broker

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