Updated Oct 29, 2024
CG7600 LP Acquires 113117 SF Property At 2700 Bingle Rd Houston From LNR Partners LLC
2700 Bingle Rd, Houston, TX, 77055
Building Size
113,117 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 2700 Bingle Rd, Houston, TX, 77055. It encompasses a total area of 113,117 square feet and is situated in the Houston market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 2700 Bingle Rd, Houston, TX, 77055
- Market: Houston
- Seller: LNR Partners, LLC
- Buyer: CG7600 LP
- Seller's Representative: Martin (Marty) Hogan, Charlie (Charles) Strauss - JLL
Key individuals involved in the deal include Martin (Marty) Hogan and Charlie (Charles) Strauss, who represented the seller, LNR Partners, LLC, during this transaction.
On the Map
Industrial
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Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale 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