IOS Daily - August 3 - Lee & Associates facilitates sale of 45 AC IOS in Bryan, TX, to Capital Real Estate Commercial

NEWS ROUNDUP

ACQUISITION: Lee & Associates facilitates sale of 45 AC IOS in Bryan, TX, to Capital Real Estate Commercial. Lee & Associates has facilitated the off-market sale of 7932 West TX-21 in Bryan, Texas. The property features several buildings totaling 48,765 SF. The buyer was Capital Real Estate Commercial, led by Troup Rolland. The Lee & Associates deal team included Bill Insull, Blake Virgilio, and Austin Dabbs.

DISPOSITION: Marcus & Millichap sells 10 AC IOS in Broussard, LA. Marcus & Millichap has facilitated the sale of 1149 Smede Highway in Broussard, Louisiana. The low-coverage property includes a 35,840 SF industrial facility and is fully leased to Drilling Tools Intl. Alvin Mansour and Jonathan Talia with The Mansour Group at Marcus & Millichap represented the seller and secured the buyer, along with M&M’s Steve Greer and Mason Lewis of Colliers.

DISPOSITION: Colliers sells 4.55 AC IOS in CA’s Inland Empire. Colliers has facilitated the sale of 9910 6th Street in Rancho Cucamonga, California. The property features an 8,888 SF industrial building. Cory Whitman, Mark Zorn, and Nico Coppola represented the seller, Newcastle Partners, in the transaction. Jackson Smith and Courtney Wing led the Newcastle Partners deal team.

DISPOSITION: Newmark sells 2.42 AC IOS in Denver metro area. Newmark has facilitated the sale of 4407 East 60th Avenue in Commerce City, Colorado. The property features a 3,224 SF industrial building. Mike Viehmann, Michael Wafer Jr., Mike Wafer, and Reagan Todd with Newmark represented the seller in the transaction. Todd Strawser with The Denver 100 represented the buyer, Crestline Holdings LLC.

ACQUISITION: Ross Brown brokers sale of 1.27 AC IOS in Phoenix for $1.5M. Ross Brown Partners has facilitated the sale of 1540 South 22nd Avenue in Phoenix, Arizona. Payton Kruidenier, Kyle McGinley, and Clark Stokes with Ross Brown represented the buyer in an owner-user acquisition that closed in only 20 days.

LEASE SIGNED: Citywide Commercial subleases 4.9 AC IOS in Phoenix. Citywide Commercial has facilitated the subleasing of 3750 West Indian School Road in Phoenix, Arizona. The property features a 14,900 SF industrial facility. Vince Utucu, Bo Sederstrom, and Chad Kirkorsky with Citywide represented the sublessor in the transaction.

PEOPLE MOVES: Truck Parking Club hires Vice President, Property - Self Storage. Truck Parking Club has hired Sydnie Wilda as Vice President, Property - Self Storage. A 9-year veteran of the self-storage industry, Sydnie previously served in management and leadership roles at Anytime Storage Property Management, The Storage Manager, Storage Corner Group, and Wildwood MIni Storage. She is also a Senator of the Self Storage Association’s Young Leaders Group.

FROM OUR PARTNERS

As experienced industrial operators, we understand the dynamics of IOS. Our high-leverage financing is built for speed and flexibility, backed by a relationship-driven approach that helps investors and operators execute their business plan.

2.25 AC | Fenced, Graveled, Lit, and Secured Outdoor Storage | Convenient Access to BMW North America and GSP Airport | 50 Spaces for 55’ Trailers and 26 Spaces for 70’ Tractor/Trailer Combinations | 4,800 SF Warehouse and Office Plans Have Been Approved

3.58 AC | 3 Independent Industrial Buildings Totaling 23,366 SF (Includes 1,750 SF of Finished Office Space) | Open Clear-Span Shop Areas | Gas Heat and Compressed-Air Drops | Up to 25’ Center Heights | Mezzanine and Covered Storage | Direct Access to US-72, Slaughter Road, and I-565

4 AC | Paved and Secured Yard | 24,146 SF Industrial Facility with Mix of Office, Warehouse, and Shop Space | Wash Bay with Oil/Water Separator | 1,200 Amp, 277/480V, 3-Phase Main Service | (2) 225 Amp, 208/120V, 3-Phase Panels | Prime East Indianapolis Location with Immediate Access to I-465, I-70, and I-69

3.55 AC | Concrete Paved (8”) | Fenced | Motorized Gates | Utilities | LED Lighting | 2 Access Points | 25,600 SF Covered Storage Buildings | ±1,000 SF Office with Restrooms and Break Room | Short-Term Options Available | Close to William P. Hobby Airport

20 AC | Graveled, Fenced, and Lit Yard | Video Surveillance | 120,000 SF Warehouse with Restroom, Separate Office Space, and 1 Dock/Ramp | Situated Conveniently Between CA-99 and I-5, Providing Fast, Direct Freight Access North to Sacramento/Northern CA and South to Southern CA | Asking Rent: $0.45/SF

4.1 AC | Fenced Aggregate Yard | Convenient to Rangeline Road, I-10, and Highway 90 | Proximate to Amazon Sortation Center and New Scannell Distribution Development | Zoned I-1: Light Industrial | Asking Rent: $14,000/Mo. NNN