IOS Daily - June 22 - APEX buys 11.7 AC IOS in Jacksonville, FL

NEWS ROUNDUP

ACQUISITION: APEX buys 11.7 AC IOS in Jacksonville, FL. APEX IOS has acquired 5911 Commonwealth Avenue in Jacksonville, Florida. The property includes 24,650 SF of buildings and is the company’s 2nd acquisition in the JAX metro area. Prior to closing, APEX executed a lease with a national tenant on the southern 2.5 AC of the site. Alex Olshansky, Steve Ruimy, and David Hovis led the APEX deal team. Kyle VanCamp with VanCamp Commercial Properties helped facilitate the transaction.

DISPOSITION: Deugen Investment Group sells 16.1 AC IOS in Cranbury, NJ. Deugen Investment Group has sold 22 Brick Yard Road in Cranbury, New Jersey, to Stonebridge Steel — only 7 months after acquiring the property. Eric Gormeley led the Deugen deal team. Kellen Murphy with Murphy Schiller & Wilkes and Carly Kilroy with Curran Commercial facilitated the transaction.

DISPOSITION: Harbor Commercial Partners sells 3 AC IOS in North Charleston, SC, for $2.9M. Harbor Commercial Partners has facilitated the sale of 5541 Woodbine Avenue in North Charleston, South Carolina. The property includes a 3,050 SF shop and a 1,979 SF office. The buyer was Coastal Limousine. Tradd Varner with Harbor Commercial Partners represented the seller, Piedmont Woodbine LLC, in the transaction.

LEASE SIGNED: KWILL leases 7.5 AC IOS in Milwaukee metro area. KWILL Real Estate has facilitated the leasing of 27,500 SF on 7.5 AC at 19705 West Lincoln Avenue in New Berlin, Wisconsin. Matt Knafel and Brandon Smith represented the tenant in the transaction. Jim Larkin with Colliers represented the property’s new owner, TRIP Property Group, led by Jeff Josephs.

LEASE SIGNED: Panther Capital Group leases 5.4 AC IOS in Apopka, FL. Panther Capital Group has facilitated the leasing of 2078 Apopka Boulevard in Apopka, Florida. The property features 12,000 SF of industrial improvements. Hector Delgado and Gustavo Velez represented the landlord, Patriot IOS, in the transaction, as well as in the acquisition of the property.

LISTEN: The electrification of industrial outdoor storage. A conversation with Dan Haroun and Max Heiden, co-founders and co-partners at Catalyst Investment Partners.

FROM OUR PARTNERS

2.55 AC | Fully Improved Truck Dealership | 3 Buildings Totaling ±26,778 SF: Building 1 - Office, Showroom with Workshop; Building 2 - Office and Carport; Building 3 - Office and Workshop | Building Rehabs Completed in 2022 and 2023 | Close to I-10 via Cherry Avenue | ASKING PRICE: $19,000,000

107 AC | No Zoning Restrictions — the Potential Is Limitless | Ideal for Industrial Development and/or Major IOS Site | Divided into 8 Subdividable Parcels | Served by Heavy Power Line Structure and 10” Water Main | Within 1 Mile of CSX Rail Capacity, 30 Minutes from Florence, 50 Minutes from Georgetown, and 75 Minutes from Port of Charleston

31.62 AC | Fully Entitled and Ready for Development within Existing Industrial Park | On-Site Dedicated CSX Rail Spur | Utilities on Site | Approved for Building Construction up to 40,000 SF | Close to I-40 and I-140 | Proximity to Port of Wilmington | ASKING PRICE: $3,250,000

1-1.75 AC Available | Fully Fenced, Gated, and Leveled Lot | Immediate Access to DE-72 and 1.5 Miles to I-95 Corridor | Ideal for Truck Parking, Tow Yard, Outdoor Equipment Storage, etc.

2.09-14.75 AC Available | Lease Options: 10,000 with 3.38 AC Yard; 10,000 SF with 4.15 AC Yard; 2.09 AC Yard with Mobile Office; or Build-to-Suit up to 25,000 of Warehouse with Laydown Yard | Just Minutes from Fort Hood

4.06 AC | Fully Graded Site with All Utilities and Curb Cuts in Place | Fully Fenced with Shared Gated Entrance | 50’ Cross-Access Easement with 2601 Greengate in Place | Located Less Than 1.5 Miles from I-40 and I-85