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615 East Sam Houston Parkwa...

Updated Aug 26, 2025

Wholesale Electric Supply Executes 74880 Square Foot Industrial Lease At 615 E Sam Houston Parkway S
LEASEDIndustrial

Wholesale Electric Supply Executes 74880 Square Foot Industrial Lease At 615 E Sam Houston Parkway S

615 East Sam Houston Parkway South

Building Size

74,880 SF

Asset Type

Industrial

Closing

Aug 20, 2025

About this deal

AI

The transaction involves an industrial asset located at 615 East Sam Houston Parkway South in Pasadena. The property spans a total area of 74,880 square feet, catering to the needs of industrial operations.

Summary of transaction details:

Wholesale Electric Supply signed a lease for the industrial property, with Stream Realty Partners representing the tenant and Partners Real Estate representing the landlord, First Industrial Realty Trust.

On the Map

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Industrial

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Players

Holden Rushing

NAI Global

Broker

6 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage
CBRE
CBREBrokerage

Peter E. Baccile

First Industrial Realty Trust

Landlord

$55.4M

vol

9 deals

Landlord
First Industrial Realty Trust
First Industrial Realty TrustLandlord
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Pasadena 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

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