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
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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 615 East Sam Houston Parkway South
- Market: Pasadena
- Landlord: Peter E. Baccile - First Industrial Realty Trust
- Tenant: Wholesale Electric Supply
- Landlord's Representative: Holden Rushing & Chris Haro - Partners Real Estate
- Tenant's Representative: Tyler Maner, Jake Linderman & Jon Farris - Stream Realty Partners
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.
Players
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