IOS Daily - August 5 - Citywide sells 9.17 acre low coverage site in AZ for $27.5M

NEWS ROUNDUP

ACQUISITION: Citywide sells 9.17 acre low coverage site in Tempe, AZ for $27.5M. Citywide Commercial RE has brokered the sale of 1345 South 52nd Street in Tempe, Arizona. The property features a 112,300 SF logistics hub. Citywide’s Todd Hamilton and Entre Commercial Realty’s Denise Chaimovitz represented the buyers, Setna iO. Mike Haenel, Andy Markham, and Phil Haenel of Cushman & Wakefield represented the seller, LBA Logistics.

DISPOSITION: Matador sells 10 acre IOS in Pleasanton, TX. Matador Realty has sold 10616 Highway 97 in Pleasanton, Texas. The IOS property includes a 14,942 SF building. The Matador team is led by CEO Jeremy Mercer.

LEASE SIGNED: Colliers leases 4.5 acre IOS in San Diego Co., CA. A Colliers deal team that included Kurtis Blanchard, Mark Lewkowitz, and Evan McDonald represented the landlord in the leasing of 805 - 811 Energy Way in Chula Vista, California, a San Diego suburb. The site features 12,013 SF of indoor space. The new tenant is Kardona Auto Auction.

FINANCING: Associated Bank refinances $2.2M loan for Chicago IOS. Associated Bank has completed a $2.2 million term loan for The Missner Group to refinance 4333 Transworld Road in Schiller Peak, Illinois, near Chicago O’Hare Intl. Airport. The 3.03 acre property features a 16,562 SF industrial building and was purchased by The Missner Group in February 2023. The loan was originated by Daniel Barrins of Associated Bank’s Commercial RE Division.

READ: Blue light special? Former K-Mart in Carson, NV to be rezoned for IOS.

FROM OUR PARTNERS

FOR SALE: Eloy, AZ - 20.8 acre IOS

Address: 9276 West Adams Road, Eloy, AZ 85131

Features: Fully-fenced, level ground, 3-phase power, city water, domestic well, septic, canopy structures, truck scale

Close To: I-10 and I-8

Buildings: (2) 2,300 SF warehouses with grade-level loading and a double-wide common truck well, 1,750 SF office with truck scale, additional 750 SF office

Zoning: CI-2 (Heavy Industrial, Pinal County)

Asking Price: Contact broker

Info: LINK

FOR SALE: Tampa, FL - 9.3 acre IOS

Address: 5515 Causeway Blvd, Tampa, FL 33619

Features: Stabilized yard, fenced, lit, month-to-month tenants, 6.5 acres usable

Close To: I-75, Hwy-41, CSX Rockport Yard, Rockport Pier Terminals, Port of Tampa

Zoning: CI

Asking Price: $5,500,000

Info: LINK

FOR SALE: Hamilton Township, NJ - 2.25 acre IOS

Address: 6 Youngs Road, Hamilton Township, NJ 08619

Features: 3-bay repair facility

Close To: Route 206, 1, 130, I-95, I-295 and Trenton-Mercer Airport

Zoning: MFG (Heavy Zoning Permitted)

Info: LINK

FOR LEASE: Charlotte, NC - 1.83 acre ISF

Address: 12715 Downs Circle, Pineville, NC 28134

Features: Fenced, paved parking, and gravel IOS

Close To: Westinghouse Blvd, HWY 51, I-77, I-485

Building: 7,000 SF service facility that fits 2 tractor trailers inside, 2,600 SF of additional storage, 9 drive-in doors

Zoning: GI (Heavy Industrial)

Info: LINK

FOR LEASE: Santa Fe Springs, CA - 1.6 acre IOS

Address: 13245 Florence Avenue, Santa Fe Springs, CA 90670

Features: Fenced, secured yard, partially paved, two ingress/egress, signalized intersection

Close To: FWY 5 and 605, Long Beach-Daugherty Field Airport

Building: 11,872 SF industrial building, 20’ clear height and 2 ground level doors

Zoning: M-2 (Heavy Industrial)

Info: LINK

FOR LEASE: Redding, CA - 1-3 acre IOS

Address: 8872 Old Oregon Trail, Redding, CA 96002

Features: Fully-fenced, graveled yard

Close To: Hwy 44, and Redding Municipal Airport

Rental Rates: Contact broker

Info: LINK