Panelmatic Electrical Solutions Signs 10-Year Lease At 410 West Road Houston Industrial Facility
410 West Road
Building Size
728,080 SF
Asset Type
Industrial
Closing
Oct 27, 2025
AI
The industrial asset located at 410 West Road in Houston encompasses a total space of 728,080 square feet. This facility is situated in a prime market and is designated for lease agreements.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Lease Term: 10-year lease
- Landlord: Kamal Bhatia - Principal Asset Management & Luis Garza Villarreal - Vigavi Realty
- Tenant: Panelmatic Electrical Solutions
- Landlord's Rep: Richard Quarles, Mark Nicholas, Joseph Berwick & Eliza Klein - JLL
- Tenant's Rep: Wesley (Wes) Williams - Colliers
The leasing agreement involved significant representation, with JLL acting on behalf of the landlords, Kamal Bhatia and Luis Garza Villarreal. On the other side, Colliers represented the tenant, Panelmatic Electrical Solutions, through Wesley (Wes) Williams, facilitating the transaction process.
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