Michael Brennan Of Brennan Investment Group Acquires 157,412 Square Foot Industrial Property In Piedmont For Value-Add Investment
120 Exchange Logistics Park Drive
Building Size
157,412 SF
Asset Type
Industrial
Closing
Jul 23, 2026
AI
Brennan Investment Group acquired a 157,412-square-foot industrial property located at 120 Exchange Logistics Park Drive in Piedmont, South Carolina. The asset, situated on approximately 11 acres, is partially leased with 65,000 square feet available for lease-up. This Class A property, built in 2023, represents a value-add investment near the Greenville-Spartanburg market.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Square Footage: 157,412
- Address: 120 Exchange Logistics Park Drive
- Market: Piedmont, SC
- Acres: 11
- Buyer: Michael Brennan
- Company: Brennan Investment Group
Michael Brennan represents Brennan Investment Group in the acquisition of this property, which aims to implement speculative office improvements to enhance occupancy and overall value following the acquisition.
Players
Piedmont 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