Private real estate investment firm Brennan Investment Group announced the acquisition of two industrial outdoor storage (IOS) properties totaling 22,700 square feet across eight acres in Austin, Texas. The acquisitions, located at 16445 N. I-35 and 13419 Immanuel Road, expand Brennan’s IOS portfolio in the Austin market.
The properties offer a combined 22,700 square feet of industrial buildings with significant outside storage, providing highly functional facilities for contractors, equipment distributors, construction suppliers and other industrial users that rely on secured yard space. Both assets are strategically positioned within established industrial submarkets offering excellent connectivity to Interstate 35, SH-45, Highway 130, MoPac and other major transportation corridors throughout the Austin metro area.
The 16445 N. I-35 property consists of a 13,700-square-foot Class A industrial building situated on 3.40 acres. Built in 2017, the facility features 24-foot clear heights, nine oversized grade-level overhead doors, two five-ton cranes, a wash bay and direct frontage along Interstate 35. The acquisition includes a sale-leaseback, providing in-place cash flow.
The 13419 Immanuel Road property includes a 9,000-square-foot industrial building on 4.64 acres. The property features 24-foot clear heights and multiple points of access and accommodates various outside storage uses. Brennan plans to actively market the property during the remaining lease term to minimize downtime and capitalize on continued demand for infill IOS space.
“Industrial outdoor storage continues to be one of the most compelling industrial sectors, particularly in high-growth markets like Austin where available, well-located IOS sites remain extremely limited,” said William Saied, acquisitions/asset manager for Austin and San Antonio. “These properties have outside storage, excellent highway access, and are in-fill locations within established industrial corridors. Both properties are well positioned to benefit from Austin’s continued economic and industrial growth.”
“These acquisitions reflect Brennan’s conviction in the long-term fundamentals of Austin and our continued commitment to investing in specialized industrial assets with strong supply-demand dynamics,” said Troy MacMane, Managing Principal. “IOS properties continue to attract strong tenant demand because of their functionality, limited availability and strategic locations. These assets complement our existing portfolio and further strengthen our presence in one of the fastest-growing industrial markets in the country.”
