Updated Oct 23, 2026
Brennan Investment Group And PCCP Acquire 1.3M SF Industrial Portfolio In Northwest Houston For $90M
Building Size
1,300,000 SF
Asset Type
Industrial
Closing
Sep 29, 2025
About this deal
AI
A 1.3 million square foot, 16-building industrial portfolio located in Northwest Houston was sold for $90 million. The asset is situated at 6401 N. Eldridge Parkway, and Innovex International will lease back the property for $650,000 per month through the end of the year while it completes its consolidation plans.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $90 million
- Square Footage: 1,300,000 SF
- Address: 6401 N. Eldridge Parkway
- Market: Northwest Houston
- Buyer: Michael Brennan - Brennan Investment Group
- Seller: Adam Anderson - Innovex International
- Lease Back Amount: $650,000 per month
The transaction involved Michael Brennan representing Brennan Investment Group, and Adam Anderson representing Innovex International. PCCP was also involved as part of the acquisition by Brennan Investment Group.
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