Todd Briddell Of CenterSquare Investment Management Acquires Industrial Portfolio In Houston For 244,946 SF
Building Size
244,946 SF
Asset Type
Industrial
Closing
Oct 31, 2025
AI
The property involved in the transaction is a four-building industrial service portfolio located in Houston. The asset comprises a total of 244,946 square feet and was 88% leased at the time of closing.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Undisclosed
- Buyer: Todd Briddell
- Buyer's Company: CenterSquare Investment Management
- Market: Houston
- Asset Size: 244,946 square feet
- Lease Status: 88% leased at closing
Todd Briddell of CenterSquare Investment Management represents the buyer in this transaction. The company plans to implement a value-add program that includes roof and concrete repairs along with selective HVAC upgrades.
Players
Market 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