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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 55 Southbelt Industrial Drive
- Market: Houston
- Landlord: Brennan Investment Group
- Tenant: Ceres Environmental
- Landlord's Representative: Jared Edelman, James Mashni & Patrick McKiernan - First Houston Properties
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
Houston 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