Updated Nov 5, 2025
Michael Brennan Of Brennan Investment Group Acquires Two Industrial Properties In Texas
505 West Yager Lane & 55 Southbelt Industrial Drive
Building Size
18,982 SF
Asset Type
Industrial
Closing
Nov 3, 2025
About this deal
AI
The transaction involves two industrial outdoor storage properties acquired by Brennan Investment Group. One facility measures 18,982 square feet and is located at 505 West Yager Lane in Austin, while the other facility is situated at 55 Southbelt Industrial Drive in Houston with a size of 32,025 square feet. This acquisition reflects a strategic move by Brennan Investment Group to enhance its footprint in Texas' major markets, focusing on infill IOS assets characterized by robust connectivity and constrained supply.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Disclosed
- Property Address: 505 West Yager Lane, Austin
- Property Address: 55 Southbelt Industrial Drive, Houston
- Square Footage: 18,982 SF at 505 W. Yager Lane and 32,025 SF at 55 Southbelt Industrial Drive
- Buyer: Michael Brennan - Brennan Investment Group
- Date of Transaction: 11/03/2025
- Market: Austin
Michael Brennan, representing Brennan Investment Group, facilitated the acquisition of these facilities, targeting strategic expansion within Texas. The properties were acquired as part of an initiative to secure assets in markets with constrained supply and strong logistical advantages.
On the Map
Industrial
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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