Brennan Investment Group Acquires Two Industrial Outdoor Storage Properties in Austin, Texas
Brennan Investment Group has acquired two industrial outdoor storage properties in Austin, Texas, totaling 22,700 square feet across 8.04 acres, the Chicago-based private real estate investment firm announced Aug. 10. The acquisitions at 16445 N. I-35 and 13419 Immanuel Road add to Brennan's growing industrial outdoor storage portfolio in a market the firm describes as among the most supply-constrained for IOS assets in the country.
Property Details: Two Infill IOS Assets With Highway Access
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 was structured as a sale-leaseback, providing in-place cash flow from closing.
The second property, at 13419 Immanuel Road, includes a 9,000-square-foot industrial building on 4.64 acres. That facility also features 24-foot clear heights and multiple points of access, and it accommodates a range of outside storage uses. Brennan said it plans to actively market the property during the remaining lease term to minimize downtime and capitalize on continued demand for infill IOS space.
Together, the two properties provide a combined 22,700 square feet of industrial building space with significant outside storage capacity. Both assets are positioned within established industrial submarkets with access to Interstate 35, SH-45, Highway 130, and MoPac.
IOS Demand Driven by Contractors, Equipment Users, and Construction Suppliers
Industrial outdoor storage properties serve tenants that require secured yard space in addition to — or instead of — conventional warehouse layouts. Typical users include contractors, equipment distributors, and construction suppliers that depend on the ability to store and stage materials, vehicles, or equipment outdoors. That functional profile, combined with limited land availability in infill locations, has made IOS assets a focus for industrial investors seeking properties with hard-to-replicate characteristics.
Both Austin sites offer fenced yard space, truck-accessible configurations, and proximity to major regional transportation corridors — attributes that IOS investors have increasingly prioritized as available infill land in high-growth metros has grown scarcer.
"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 at Brennan Investment Group. "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."
Brennan Cites Long-Term Conviction in Austin Industrial Market
Troy MacMane, Managing Principal at Brennan Investment Group, framed the acquisitions as consistent with the firm's broader thesis on specialized industrial assets in supply-constrained markets.
"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," MacMane said. "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."
The two-property deal structure illustrates a dual approach: the I-35 asset generates immediate income through its sale-leaseback arrangement, while the Immanuel Road property is positioned for leasing upside as Brennan markets it to prospective tenants during the remaining term of the existing lease.
Brennan's National Industrial Platform
Brennan Investment Group, founded in 2010, acquires, develops, and operates industrial properties across select major metropolitan markets in the United States. The firm has acquired or developed $6.5 billion in industrial real estate since inception, with a current portfolio spanning approximately 58 million square feet across 30 states. The company maintains 18 regional offices throughout the country and co-invests with private and institutional capital.
Purchase price, price per square foot, cap rate, debt financing, seller identity, and tenant identity on the sale-leaseback property were not disclosed in the announcement.