IOS Daily - August 10 - NAI Realvest brokers sale of 30 AC with IOS in Tampa Bay area

NEWS ROUNDUP

ACQUISITION: NAI Realvest brokers sale of 30 AC with IOS in Tampa Bay area. NAI Realvest has facilitated the sale of 2909 Sammonds Road in Plant City, Florida. The property features a 10,500 SF warehouse with 8 usable AC of IOS. The buyer was Interchange Industrial Properties. Zach Cichocki led the NAI Realvest deal team and is currently marketing the property for lease. Charlie Mintz led the Interchange deal team.

DISPOSITION: Kassin Sabbagh Realty sells 6.51 AC IOS in San Antonio, TX. Kassin Sabbagh Realty (KSR) has facilitated the sale of 5327 Tex-Con Road in San Antonio, Texas. The property features a 23,240 SF warehouse and office building. The buyer was Center Capital Partners’ Terminal Logistics. Emil Shabot led the KSR deal team. The Terminal Logistics deal team included Jeremy Cohen, Jack McNamee, Ben Miller, and Max Reiter.

LEASE SIGNED: Lee & Associates leases 2 AC IOS in Denver metro area. Lee & Associates has facilitated the leasing of 5750 Fairfax Street in Commerce City, Colorado. The property features a 21,101 SF industrial facility. Matthew Nora, Kirk Vanino, and Jack D’Avanzo with Lee & Associates represented the tenant in the transaction. The landlord was NB Fairfax.

LEASE SIGNED: First Houston leases 1.73 AC IOS in Laredo, TX. First Houston has facilitated the leasing of 14112 Business Avenue in Laredo, Texas. The property includes a 15,792 SF industrial building and is located in InterAmerica Distribution Park. Juan Fraga and Edgar Lee with First Houston represented both the landlord, Jadian IOS, and the tenant, 24:7 Expedite, in the transaction.

FINANCING: Archway Capital closes $2.4M acquisition loan for Bay Area IOS. Archway Capital has closed a $2.4M loan for the acquisition and rehabilitation of an IOS property in Martinez, California. Anthony Johnston led the Archway Capital deal team.

PEOPLE MOVES: Center Capital Partners hires Vice President with IOS focus. Center Capital Partners (CCP) has welcomed Will Thomas to the team as Vice President. In his new role, Will will focus on CCP’s IOS platform, Terminal Logistics. He has also held positions at Stonelake Capital Partners and Armada Analytics.

FROM OUR PARTNERS

10.5 AC | Fenced Storage Yard with 600’+ of Freeway Frontage | Water and Electricity Onsite | Sale-Leaseback Option | 10,000 SF Metal Building | Small Office and Several Trailers | Asking Price: $4,999,500

9.92 AC | Graveled, Lit, Fenced, and Gated | Utilities on Site | 1,000 SF Office Building | Long-Term Tenant at Below-Market Lease Rate | NOI Increase 12/26 | Close to I-10, I-310, and New Orleans Intl. Airport | ASKING PRICE: $3,900,000

18.68 AC | 1,500 SF Guard Stand | Located Next to I-15/I-215 Interchange | 100% Leased to Amazon | Remote Gate Access | Perimeter Fencing | 12” PCC Over-Engineered Base Capable of 80K lb Loads | Full LED Lighting | 353 Trailer Stalls | Asking Price: $70,000,000

3.88 AC | Secured with Electric Fence | 17,090 SF Maintenance Facility with 12 Drive-in Doors and (2) 3-Ton Bridge Cranes | Located 0.5 Miles from I-465 | Easy Access to I-69, I-65, I-70, Downtown Indianapolis, FedEx Hub, and Indianapolis Intl. Airport | 1-3 Zoning

1.09 AC | Paved, Lit, and Partially Fenced | Utilities Onsite | 7,500 SF Warehouse with (6) 12’x12’ Bay Doors with High Loading Docks | 1,650 SF Office Space with 5 Offices, Receptionist Area, and Small Kitchen | Highway 80 West Frontage | Close to I-20 | Asking Rent: $7,500/Mo. (Absolute NNN)

4.17 AC | Graveled and Fenced | 20’ Secured Electric Gate with Key Pad | Power and Water Onsite | Close to I-85 and I-26 | Asking Rent: $9,700/Month (NNN)