IOS Daily - August 25 - Pinnacle RE Advisors sells IOS and small bay property in Denver for $2.87M

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NEWS ROUNDUP

DISPOSITION: Pinnacle sells small bay with side of IOS in Denver for $2.87M. Pinnacle Real Estate Advisors has facilitated the sale of 4571 Ivy Street in Denver, Colorado, for $2,867,500. The 0.85 acre property features a 15,500 SF small bay industrial building with yard space. Mark Alley with Pinnacle represented both the buyer and the seller in the transaction. (If you’re interested in small and shallow bay industrial, check out our sister publication Small Bay List.)

ACQUISITION: Jadian IOS buys 10 acre IOS in Boston metro area. Jadian IOS has acquired 1069R and 1071-1073 Western Avenue in Lynn, Massachusetts. The property features 5 shop buildings totaling 31,430 SF. The Jadian deal team included John Grib, Alex Stahl, Killian O’Brien, and Daniel Schuchinsky.

DISPOSITION: Rich Young Co. sells 1.4 acre IOS in Dallas. Rich Young Co. has facilitated the sale of 2454 Glenda Lane in Dallas, Texas. The low-coverage property includes a 15,100 SF industrial building. Trevor Hunt and Brad Werner with Rich Young Co. represented the seller in the transaction.

LEASE SIGNED: Criterion Group leases out 9.3 acre IOS in Delanco, NJ. Criterion Group has leased out 450-500 Creek Road in Delanco, New Jersey, to Carvana. The property includes 2 industrial buildings totaling 35,455 SF. Sean Duncan, Jason Barton, and Torsten Thaler with Cushman & Wakefield represented Criterion in the transaction.

PEOPLE MOVES: Steel Peak welcomes new Acquisitions Director. Kyler Watkins has joined the Steel Peak team as Acquisitions Director. Kyler’s previous experience includes roles with RAM Construction, Savills North America, and Voit Real Estate Services. In his new position, Kyler will focus on growing the Steel Peak portfolio across the Western US.

READ: Industrial outdoor storage is ‘mission critical’. An interview with our friend Justin Horowitz of Cooper Horowitz

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4.56 AC | Secured Lot | 2,000 SF Office Building with 5 Offices, Lobby, Break Room, and 2 Restrooms | Heavy Industrial Zoning

3.61 AC | Fenced | 3,600 SF Steel Construction Office/Warehouse with a Large Drive-in Door | Additional 1,160 SF Storage Building | Located in Colorado Enterprise Zone

12.75 AC | 2 Large Yards with Capacity for More Than 60 Truck and Trailer Parking Spaces | 267,000 SF Industrial Building with 8 Loading Docks and 3 Drive-in Doors, 50’x50’ Column Spacing, and 16’-24’ Ceiling Heights | Heavy Power Capacity with 600 Amps | Rail Spur Connection at the Rear | Close to I-55 Interchange in Lincoln, IL | Bidding Opens 9/23 and Ends 9/25

Truck Parking on 3 AC | $150 per Month per Spot or Contact for Multiple Spots | No Restrictions or Zoning | Located Right off US-287 | Graveled, Fenced, and Lit | Security Cameras | Next to Full-Service Truck Stop

6.9 AC | Fully Secured and Stabilized | 16,032 SF Industrial Building with 3 Large Drive-in Doors | 3-Phase 2,400 Amp Power | Multiple 1-2 Ton Cranes | Less Than 1 Mile from I-465 and I-69

3.6 AC | Gated, Secured, and Paved Yard | New Thick Hot Mix Asphalt | 6,300 SF Renovated Cross-Dock Building with 20 Dock-High Positions and Newly Renovated Office Space | Immediate Access to I-805, I-15, and CA-52