IOS Daily - April 11 - Copart buys 40.3 acre IOS in West Palm Beach, FL for $65M

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NEWS ROUNDUP

ACQUISITION: Copart buys 40.3 acre IOS in West Palm Beach, FL for $65M. Copart has acquired 7876 West Belvedere Boulevard and 801 Pike Road in West Palm Beach, Florida. The property features 3 industrial buildings totaling 8,732 SF. Copart had previously been leasing the property from the seller, Jamco. Copart is led by Jeff Liaw.

DISPOSITION: Newmark sells 10.6 acre IOS in Phoenix, AZ for $12.65M. Newmark Phoenix Capital Markets has facilitated the sale of 330 South 75th Avenue in Phoenix, Arizona. The rail-served property features 3 warehouses and an office totaling 74,000 SF. Gary Cornish with Newmark represented the seller, while Josh Wyss and Sam Arthur with Cushman & Wakefield represented the buyer in the transaction.

ACQUISITION: Stubblebine brokers sale of greater Boston area IOS for $3.4M. The Stubblebine Company has facilitated the sale of 5-13 Cape Road in Milford, Massachusetts. The 3 acre property includes buildings totaling 13,000 SF. The seller was Silveira Holdings. Matty Drouillard and Stephen Flynn with Stubblebine represented the buyer, Campers Inn RV, in the transaction.

LEASE SIGNED: Stream leases 4.12 acre IOS in Los Angeles, CA area. Stream Realty Partners has facilitated the leasing of 15033 Slover Avenue in Fontana, California. The property features a 9,300 SF maintenance facility. Ian Armbruster with Stream represented the landlord in the transaction, while Jon Larson with Voit Real Estate Services brought the tenant.

FINANCING: Bespoke Holdings obtains financing for IOS 2-pack in Boise, ID. Bespoke Holdings has secured $6.2M in financing for 2 IOS properties totaling 17 acres. The properties are located at 4620 South Apple Street and 2171 East Danzee Drive in Boise, Idaho. Heritage Bank was the lender for both deals, while William Haass with JLL represented Bespoke Holdings.

WATCH: Why the market for IOS is booming in 2025. Featuring Vytas Norusis with Colliers.

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For Sale or Lease | 2.5 AC | 49,000 SF of Industrial Space | Close Proximity to Exit 8 of the NJ Turnpike | Divisible Space and Land Lease Options Available

1.66 AC | 6.25% Cap Rate | NNN Lease in Place with Annual Rent Increases | Close Proximity to Major Transportation Nodes | Industrial Zoning

1.9 AC | 3,634 SF Building | 3 Repair Bays with 4 Drive-in Doors | 18’-22’ Clear Heights | Large Fully-Paved Lot | Concrete Dolly Pads | Fenced and Secured

1.07 AC | 3,680 SF Shop Building | New Construction | Light Industrial Zoning | Fully-Fenced and Secured Yard | Available for Occupancy June 1

11.84 AC | Fully Paved and Lit | 256 Trailer Parking Stalls and 11 Auto Parking Stalls | Located on the Centerpoint Intermodal Center Campus | Proximity to Full Interchanges at I-55/Arsenal Road, I-80/I-55, I-80/Houbolt Road, and I-80/IL-53

5.5 AC Total | Current Tenant: Herc Rentals | Paved, Fenced, Lit, Secure Yard | 14,188 SF Building with 10,472 SF Shop Area and 3,712 SF Warehouse | 10,476 SF Freestanding Building | On-site Diesel Fuel Tanks | On-site Fleet Wash | Great Connectivity with Direct Access to SR-110 | Located Minutes from Long Island Expressway and Southern State Parkway