Updated Dec 4, 2024
Invacor Solutions Leases 33,525-SF Industrial Space In Houston With Landlord ValvTechnologies Inc
6230 Bingle Road
Building Size
33,525 SF
Asset Type
Industrial
Closing
Dec 12, 2023
About this deal
AI
Invacor Solutions has leased a 33,525-square-foot industrial space in northwest Houston at 6230 Bingle Road. The property features 20-foot clear heights, four loading docks, and 8,190 square feet of office space.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Square Footage: 33,525
- Address: 6230 Bingle Road, Houston
The lease negotiations for this property involved the following key individuals and companies:
- Landlord: ValvTechnologies Inc - Chad Bowers
- Tenant: Invacor Solutions - Larry Duke
- Landlord's Representative: Andrew Laycock & Michael Keegan - Partners Real Estate
- Tenant's Representative: Sarah Teel - MSL Investments
Note: Partners Real Estate represented landlord ValvTechnologies Inc, while Sarah Teel from MSL Investments represented Invacor Solutions in the lease negotiations.
On the Map
Industrial
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Players
Bingley 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