HS Property TX3 LLC Acquires 6450 Bingle Road Industrial Property From RAM Interests LP
6450 Bingle Road
Building Size
60,486 SF
Asset Type
Industrial
Closing
Jun 17, 2025
AI
An industrial property located at 6450 Bingle Road in Houston has been sold. The building measures 60,486 square feet and features 18-foot clear heights along with office space. It was constructed in 1979 and is situated in the northwest section of Houston.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6450 Bingle Road
- Market: Houston
- Square Footage: 60,486
- Buyer: HS Property TX3 LLC
- Seller: RAM Interests LP
- Buyer's Representatives: Bill Ginder - Caldwell Companies, Mike Catt - Kidder Mathews
- Seller's Representative: Jack Rathe - Stream Realty Partners
Stream Realty Partners represented the seller in this transaction, while the buyer, HS Property TX3 LLC, was supported by two firms: Caldwell Companies and Kidder Mathews. This collaborative effort highlights the involvement of multiple parties in the deal.
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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