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410 West Road

Panelmatic Electrical Solutions Signs 10-Year Lease At 410 West Road Houston Industrial Facility
LEASEDIndustrial

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:

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.

Players

Wesley Williams

Colliers

Broker

8 deals

Broker
Colliers
ColliersBrokerage
JLL
JLLBrokerage

Kamal Bhatia

Principal Asset Management

Landlord

$123.5M

vol

8 deals

Landlord

Kamal Bhatia

Tenant

$123.5M

vol

8 deals

Tenant

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