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4647 Pine Timbers Street

ChipTech Leases 14,350 SF Industrial Space At 4647 Pine Timbers Street In Houston With Tenant's Rep Andrew Bischoff & Tyler Holt
LEASEDIndustrial

ChipTech Leases 14,350 SF Industrial Space At 4647 Pine Timbers Street In Houston With Tenant's Rep Andrew Bischoff & Tyler Holt

4647 Pine Timbers Street

Building Size

14,350 SF

Asset Type

Industrial

Closing

Jan 11, 2024

AI

ChipTech, a low-voltage cable manufacturer, leased a 14,350 sq ft industrial space in the Pine Timbers Distribution Center located in northwest Houston. The property is situated at 4647 Pine Timbers Street in the Houston market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 4647 Pine Timbers Street
  • Square Footage: 14,350
  • Market: Houston

The leasing deal was facilitated by Andrew Bischoff and Tyler Holt of Finial Group, who represented ChipTech as their tenant's representatives. The landlord, Pine Timbers Distribution Center, was represented by Bridge Commercial Real Estate.

Players

Andrew Bischoff

Finial Group

Broker

6 deals

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