Brennan Investment Group Acquires 140,000-Square-Foot Industrial Facility in Dayton, Ohio
Brennan Investment Group has closed on the acquisition of a 140,000-square-foot industrial facility at 3303 W. Tech Road in Dayton, Ohio, the Chicago-based private real estate investment firm announced July 30. The property is 100% leased to Killer Brownie, an Ohio-based premium dessert manufacturer, under a long-term net lease.
Asset Profile and Property Specifications
The facility sits on approximately 12 acres within the Springboro South industrial submarket, near the I-75 and Austin Landing interchange — a location the firm describes as one of the fastest-growing industrial and commercial corridors serving both Dayton and Greater Cincinnati. Built in 2000, the precast concrete building features 2,500-amp electrical service, functional loading ratios, ample clear height, dual points of ingress and egress, and 125 parking spaces with the flexibility to accommodate future trailer parking. Sale price, cap rate, and financing terms were not disclosed.
Tenant: Killer Brownie
Killer Brownie was founded in Ohio in 1982 and has grown from a regional bakery into a nationally distributed brand with products available in more than 15,000 retail locations across the country. The company occupies the facility under a long-term net lease, a structure that limits landlord operating obligations and provides predictable cash flow.
Food manufacturers that invest in specialized production infrastructure — including production lines, food-grade finishes, and high-amperage power — tend to renew or extend leases rather than relocate, given the costs and operational risks associated with moving active production. That dynamic supports the single-tenant asset's core-plus risk profile.
"This acquisition will provide both recurring income and strong residual value. This is well-located, functional, industrial real estate with strong fundamentals, quality tenancy, and long-term value creation potential," said Doug Lance, Senior Vice President at Brennan Investment Group. "The Dayton market continues to demonstrate strong industrial demand, and this property's strategic location and functionality make it an excellent addition to our growing Midwest portfolio."
Strategic Rationale: Dayton–Cincinnati Corridor
The Springboro South submarket benefits from north-south connectivity along I-75 and proximity to I-70, placing tenants within same-day trucking range of a large share of the U.S. population. Dayton has historically offered lower labor and occupancy costs than primary Midwest hubs such as Chicago, Columbus, and Indianapolis, attracting manufacturing and food users seeking cost advantages while maintaining access to regional and national distribution networks.
Modern facilities exceeding 100,000 square feet with food-grade-capable specifications remain in limited supply in secondary submarkets like Springboro South, a scarcity that supports demand for existing assets and underpins the residual value thesis Brennan cited in its announcement.
Brennan Investment Group noted it already maintains an operating presence in the Dayton and Northern Cincinnati region, providing local leasing, property management, and market knowledge that the firm says informs its underwriting and ongoing asset management.
"This property aligns well with our long-term investment strategy of acquiring well-located industrial assets in markets where we already have a strong operating platform," said Jack Brennan, Managing Principal, Midwest. "Our existing presence in the Dayton and Northern Cincinnati region allows us to leverage our local market knowledge and operational expertise while continuing to grow our portfolio in one of the Midwest's most important industrial corridors."
Brennan Investment Group's Platform and Recent Activity
Founded in 2010, Brennan Investment Group has acquired or developed $6.5 billion in industrial real estate across 30 states. The firm's current portfolio encompasses approximately 58 million square feet and is supported by 18 regional offices nationwide. Brennan co-invests with private and institutional capital across its industrial platform.
The Dayton acquisition follows a series of transactions that reflect the firm's focus on growth logistics nodes beyond core gateway markets. Recent deals have included industrial acquisitions in the Greenville-Spartanburg, South Carolina market and a three-building, 439,600-square-foot portfolio in the Boise, Idaho market, alongside activity in the Chicago metropolitan area. The firm said it will continue to pursue high-quality industrial assets in key logistics corridors throughout the Midwest and the broader United States.
Sources
Brennan Investment Group press release via PR Newswire, July 30, 2026