IOS Daily - April 30 - Cushman & Wakefield sells 2.65 acre IOS in Phoenix for $4.15M

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NEWS ROUNDUP

DISPOSITION: CushWake sells 2.65 acre IOS in Phoenix to IOV for $4.15M. Cushman & Wakefield has facilitated the sale of 2816 North 27th Avenue in Phoenix, Arizona. The property features a 9,870 SF industrial building. Will Groves and John Pompay with CushWake represented both the seller and the buyer, Industrial Outdoor Ventures (IOV). Benjamin Backer led the IOV deal team.

DISPOSITION: JLL sells 6.7 acre IOS in Denver metro area for $4.6M. JLL has brokered the sale of 4037 Salazar Way in Frederick, Colorado. The low-coverage property includes a 7,000 SF building and 3.5 fully-fenced acres. The buyer was EquipmentShare. James McGill with JLL represented the seller in the transaction.

DISPOSITION: STL Commercial sells 1 acre IOS in South Florida for $1.9M. STL Commercial has facilitated the sale of a 1 acre IOS yard located at the northwest corner of Dyer Boulevard and Barbour Road in Riviera Beach, Florida. The buyer was an owner-user looking for a new business location. The STL deal team of Max Loria and David Richman represented both the buyer and the seller in the transaction.

LEASE SIGNED: Colliers leases 4.75 acre IOS in Phoenix. Colliers has facilitated the leasing of 5251 South 43rd Avenue in Phoenix, Arizona. The property features a 4,500 SF industrial building. Chris Reese with Colliers represented the tenant in the transaction. Peter Batschelet with Lee & Associates represented the landlord.

LEASE SIGNED: Legacy Capital Partners leases 3 acre property in Jacksonville. Legacy Capital Partners has leased 5919 Commonwealth Avenue in Jacksonville, Florida. The low-coverage property features 3 buildings totaling 27,800 SF, along with 1.5 acres of IOS yard. The new tenant is Synergy Equipment. The Legacy deal team included Tyler Hall. Michael Cassidy with Colliers and Trina Wedekind with Platinum Realty Group facilitated the transaction.

FINANCING: Poverni Sheikh Group closes $2.3M loan for DE and SC IOS. Poverni Sheikh Group has closed a $2.3M loan for the acquisition and repositioning of 2 IOS properties in Newark, Delaware, and Greenville, South Carolina. Combined, the portfolio totals 8.5 acres. The Poverni Sheikh Group’s leadership team includes Eugene Poverni, Ibrahim Sheikh, Greg Kostrikin, Eduardo Karpat, and Noah Obuchowski.

FROM OUR PARTNERS

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2.19 AC | 8,000 SF Modern Drive-Thru Maintenance Building | Fenced, Lit, and Paved Lot | Fully Leased to Long-Term Tenant | Located in East Baltimore Industrial Market | Close to I-95, I-895, Dundalk Marine Port, and Downtown Baltimore | Located in Enterprise, Hub, and Opportunity Zones

3.06 AC | 2 Buildings Totaling 17,869 SF | Property Is Entirely Fenced in With Coded/Gated Controlled Entry | Ability to Demise Main Building into 3 Separate Spaces | Cell Tower Lease Income Included | Good Highway Access

0.98 AC | Compact Gravel Yard | Fenced and Secured | Neighboring San Bernardino Intl. Airport | Minutes to I-10 and I-215

4-7 AC | 300 Parking Spaces | Industrial Zoning | Located Just 11 Miles from the Port of Savannah | Easy Access to Highway 21 Corridor | Close to I-16 and I-95

1.93 AC | Paved and Graveled | Fenced and Gated | 2 Large Covered Storage Warehouses (10,750 SF and 26,600 SF) |(3) 14’x14’ Grade-Level Loading Doors | Close to TX-130, US-290, Tesla, Applied Materials, and Samsung

2.43 AC | Within the I-526 Loop | Suitable for Laydown Yard or Equipment Storage | Fully Fenced and Ready for Immediate Occupancy Easy Access from I-25 and I-526 | Close to Charleston Intl. Airport and Port Terminals