IOS Daily - August 31 - APEX acquires IOS in the Atlanta metro area

NEWS ROUNDUP

ACQUISITION: APEX buys 1.5 AC IOS in Atlanta metro area. APEX IOS has acquired 117 Park West Drive in McDonough, Georgia. The low-coverage property includes a 14,000 SF warehouse. David Hovis led the APEX deal team in the transaction.

ACQUISITION: ERI buys 8.6 AC IOS in Boston metro area. Equity Resource Investments (ERI), in partnership with affiliates of North River Co. and REMPAP, has acquired 320 Charger Street North and South in Revere, Massachusetts. The property is fully leased to Avis. The ERI deal team included Paul Coelho, while the North River and REMAP deal teams were led by Chris Pachios and Nicholas Casal, respectively. John Alascio, Alex Hernandez, Robert Borden, and Chris Meloni with Cushman & Wakefield served as debt advisors to the partnership.

ACQUISITION: Steel Peak buys 2.62 AC IOS in Denver metro area for $4M. Steel Peak Properties has acquired 5286 Newport Street in Commerce City, Colorado. The property includes 2 industrial buildings totaling 17,650 SF. Blake Rodgers and Pasha Johnson led the Steel Peak deal team.

DISPOSITION: JLL sells 4.84 AC IOS in Houston, TX. JLL has facilitated the sale of 150 Carrie Street in Houston, Texas. The crane-served property features 2 industrial buildings totaling 27,200 SF. David Holland and David Buescher led the JLL deal team.

DISPOSITION: Foundry Commercial sells 2.43 AC IOS in Charlotte, NC. Foundry Commercial has facilitated the sale of 4517 Equipment Drive in Charlotte, North Carolina. The property features a 6,000 SF industrial building. Brian Craver and Dave Hanna with Foundry represented the seller in the transaction. Gregory Gosselin with Colliers represented the buyer, Alterra IOS.

LEASE SIGNED: Newmark leases 33.57 AC IOS in Central Pennsylvania. Newmark has facilitated the leasing of 33.57 AC in Mechanicsburg, Pennsylvania. The property includes a 12,420 SF building. Dylan Tusinac, Adam Petrillo, Alfonso Petrillo, Craig Engelhardt, Thomas Carragher, Steve Korfiatis, and Christopher Koeck with Newmark represented the tenant, with local support from Nick Pickard and Michael Spaeder.

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.

11.57 AC | Massive IOS/Trucking Interchange Site | Directly Contiguous to I-85 Access via Exit 62 | Federal Qualified Opportunity Zone | Zoned LI but Contemplated Rezone to Heavy Industrial | Ideal for Industrial and Manufacturing Use | Opportunity for Expansion | 55 Minutes from Port of Charleston and 60 Minutes from Port of Savannah | Asking Price: $1,165,000

7.07 AC | 43,240 SF Total - 23,440 SF Warehouse with 7,650 SF Office, 11,250 SF Mechanic Shop, 900 SF Storm Shelter, and 2,800 SF Overhang Shed | 100% Leased to Tecta America (6 Years Remaining on NNN Lease) | US-69 Frontage | Asking Price: $1,900,000

For Sale and Lease | 4.84 AC | 26,734 SF Office/Warehouse Building with 5 Docks, 1 Drive-in | 2 AC of Fully Fenced, Paved Concrete or Asphalt Parking | 28,000 SF Covered Loading Area | Rail Access vis Union Pacific Railroad | Heavy Power: 1,000 Amp, 3-Phase, 4-Wire | Convenient Access to I-270, I-170, Hwy 141, and Hwy 67 | Asking Price: $5,000,000; Asking Rent: $30,000/Month NNN

3.79 AC | Graveled, Lit, Fenced, and Gated Laydown Yard | 15,000 SF Clear-Span Warehouse Space with 3 Oversized Grade-Level Doors and 650 SF Built-in Office Area | Close to US-13, Greenville Bypass, I-587, and East Carolina University | Asking Rent: $14,250/Month

4.5 AC | High-Visibility, Paved Site with Phenomenal Signage Opportunities | 10,815 SF Truck Maintenance Facility with 7 Grade-Level 14’ Overhead Doors and 1 Grade-Level 8’ Overhead Door | Rare Infill Site Just Minutes from I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 Zoning (Allows for Outdoor Storage and Transportation Uses)

8.25 AC | Stabilized Yard | Fenced, Gated, and Lighted | 1,000 SF Metal Building | Utilities Available | Outside 500-Year Floodplain | Located Between Beaumont Highway (Old Highway 90) and Crosby Highway