IOS Daily - August 15 - Lincoln sells 18.29 acre IOS in Denver area for $29.25M

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DISPOSITION: Lincoln sells 18.29 acre IOS in Denver area for $29.25M. Lincoln Property Co. has facilitated the sale of 9410 Heinz Way in Commerce City, Colorado. The rail-served property features a 140,630 SF industrial building with a large fenced, gated, and lit yard. Sam Slaton and Mark Dwyer with Lincoln represented both the seller, ASB Real Estate Investments, and the buyer, CEMCO North America (a JFE Shoji company), in the transaction.

ACQUISITION: Steel Peak buys industrial building with IOS in SLC for $3.1M. Steel Peak has acquired 758 West 1500 North in Salt Lake City, Utah. The low-coverage property features a 15,218 SF industrial building on 2.34 acres. The transaction marks the firm’s 2nd SLC acquisition. The Steel Peak deal team was led by Blake Rodgers and Pasha Johnson. Tanner Riedel with Colliers represented the seller, Wolff Excavating Inc.

DISPOSITION: Avison Young brokers sale of 4.01 acre property in Charlotte, NC. Avison Young has facilitated the sale of 2520 Eatonton Street in Charlotte, North Carolina. The low-coverage property features a 35,100 SF warehouse plus IOS. Henry Lobb with Avison Young represented both the seller and the buyer, Port Commercial, in the transaction. Gray Gaines, also with Avison Young, is currently marketing the property for lease.

ACQUISITION: Jadian IOS buys 2.5 acre IOS In Phoenix, AZ. Jadian IOS has acquired 1021 North 59th Avenue in Phoenix, Arizona. The low-coverage property features a 19,541 SF warehouse. The Jadian deal team included Kees t’Sas, Alex Stahl, Zach Fredman, and Daniel Schuchinsky. Chris Wong with Bradford Commercial facilitated the transaction.

ACQUISITION: CanTex Capital buys 6.1 acre IOS in Fort Worth, TX. CanTex Capital has acquired 9324-9430 South Freeway in Fort Worth, Texas. The property features a 25,927 SF industrial building and is the site of a Bass Pro Shops Boating Center. Michael Newsome and Todd Hubbard with NAI Robert Lynn facilitated the off-market transaction.

LEASE SIGNED: Lee & Associates leases 24,430 SF IOS in Seattle area. Lee & Associates has facilitated the leasing of 24,430 SF of IOS space at 22915 86th Avenue South in Kent, Washington. John Brussa, Andrew Hull, and Zane Shiras with L&A represented the tenant, OSS Fence, in the transaction.

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3 AC Total | ±2 AC of Fenced and Paved Outdoor Storage | 21,839 SF Building with 15,439 SF Warehouse and (2) 3,200 SF Offices | 7 Drive-in Doors | 5 Dock Doors

1.98 AC | 3 Buildings Totaling 6,702 SF | 16’-20’ Clear Heights | Convenient Access to US-41 and I-4

20.19 AC | 13 Structures Totaling 54,583 SF | Paved, Lit, Fenced, and Gated | Utilities on Site | Rail Spur Access | Close to I-215, CA-60, and Ontario Intl. Airport | 100% Leased to 84 Lumber Through 11/2033

4 AC | Paved, Fenced, and Lit | 35,803 SF Warehouse with 1,219 SF Office | 3,000 Amps, 277/480v, 3-Phase Power | Natural Gas | Sprinklers | 6 Grade-Level Doors | 22’-30’ Clear Heights | Close to Loop 202, I-10, and I-17

10 AC | Partially Paved with Reinforced Concrete | Partially Graveled | Fenced, Lit, and Gated | 3-Phase Power | 2 Buildings Totaling 36,275 SF | 3,500 SF of Mezzanine Office Space | 2 Grade-Level Doors with Exterior Dock Loading Platform | Close to Norfolk Southern Intermodal, I-20, and I-285

5.7 AC | Flat, Graveled, Fenced, Secured, and Ready to Accommodate a Wide Range of Uses Including General Storage of Equipment, Materials, and Parking | Close to I-77, I-80, and I-71 | Heavy Industrial Zoning