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
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