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6450 Bingle Road

HS Property TX3 LLC Acquires 6450 Bingle Road Industrial Property From RAM Interests LP
SOLDIndustrial

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

Jack Rathe

Stream Realty Partners⁠

Broker

6 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

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