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55 Southbelt Industrial Drive

Brennan Investment Group Leases 32,025 SF Industrial Space To Ceres Environmental In Houston
LEASEDIndustrial

Brennan Investment Group Leases 32,025 SF Industrial Space To Ceres Environmental In Houston

55 Southbelt Industrial Drive

Building Size

32,025 SF

Asset Type

Industrial

Closing

Jul 31, 2026

AI

The property asset involved in this transaction is located at 55 Southbelt Industrial Drive, Houston. It is an industrial asset with a total square footage of 32,025. The transaction is characterized by a NNN Lease agreement. The landlord for this property is Brennan Investment Group.

Summary of transaction details:

The deal involves Ceres Environmental as the tenant, operating under a NNN Lease. The landlord's representation was provided by Jared Edelman, James Mashni, and Patrick McKiernan from First Houston Properties, indicating a collaborative effort in securing the lease agreement for both the landlord and tenant.

Players

Patrick McKiernan

First Houston Properties

Broker

$9M

vol

42 deals

Broker
Brennan Investment Group
Brennan Investment GroupLandlord

Houston Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

Loading comparables…

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