IOS Daily - December 15 - Kenai Capital sells 9.98 acre IOS in Denver to Alterra

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NEWS ROUNDUP

DISPOSITION: Kenai Capital sells 9.98 acre IOS in Denver to Alterra. Kenai Capital Advisors has facilitated the sale of 2001 West 64th Lane in Denver, Colorado. The property features a 26,950 SF industrial service facility, and the buyer was Alterra IOS. Garrett Neustrom, Abby McPherson, and Jules Sherwood with Kenai Capital represented the seller in the transaction. Parker Pearson led the Alterra IOS deal team.

ACQUISITION: EML Realty Partners buys 8 acre IOS in Fort Pierce, FL for $3.2M. EML Realty Partners has acquired 8456 Orange Avenue in Fort Pierce, Florida. The property is currently occupied by The CDL Schools and Park My Fleet. Eric Levitt led the EML Realty Partners deal team in the transaction.

DISPOSITION: Corepoint sells 2.26 acre IOS in Fort Myers, FL for $1.7M. Corepoint Real Estate has facilitated the sale of 18251 North Tamiami Trail in Fort Myers, Florida. The low-coverage property includes a 7,916 SF warehouse. Daniel Levin and Marc Smouha led the Corepoint Real Estate deal team in the transaction and were the only brokers involved.

ACQUISITION: Colliers brokers sale of low-coverage property in Charlotte, NC. Colliers has facilitated the sale of 4330 Chesapeake Drive in Charlotte, North Carolina. The property features an 89,683 SF industrial building on 7.3 acres. Rob Speir and Gregory Gosselin with Colliers represented the buyer in the transaction and are currently marketing the property for lease.

ACQUISITION: Realterm buys 4.2 acre site with IOS in Allentown, PA. Realterm has acquired 925 North Godfrey Street in Allentown, Pennsylvania. The property features a 27,407 SF warehouse plus 36 acres of dedicated outdoor storage space. The Realterm deal team included Arnie Capute, Stephen Panos, Richard Seybolt, Christina Chan, Elizabeth Runge Lenau, Olivia Washburn, Joe Noon, Benjamin King, and Hugh McLaughlin. Ryan Cottone and John Plower with JLL represented the seller in the transaction.

LEASE SIGNED: First Houston leases 7.7 acre IOS in Laredo, TX. First Houston Properties Inc. has facilitated the leasing of 8900 San Gabriel Drive in Laredo, Texas. The property features a 41,280 SF crossdock facility on 7.7 paved acres and is owned by Jadian IOS. Juan Fraga and Edgar Lee led the First Houston deal team in the transaction.

READ: IOS insights from JPMorgan’s latest report. Our friend Lee Sager with Camps Bay Capital Advisors breaks it down:

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.

3.92 AC | 2.75 Usable AC of Outdoor Storage | Fully Occupied with 2.6 Years of Lease Remaining | Graveled, Fenced, and Gated Lot | 3-Phase Heavy Power | ±6,750 SF Warehouse with 2-Story Office, 3 Drive-in Doors, and 15’ Clear Height | Close to I-80, I-355, CenterPoint Intermodal Center, BNSF Logistics Park, Union Pacific Joliet Intermodal Terminal

1.66 AC | 905 SF Office | Security Fence with Lighting | 7.00% Cap Rate | NNN Lease in Place with Annual Rent Increases | 0.5 Miles from Hwy 512, 4 Miles from I-5, 7 Miles from Port of Tacoma, 9 Miles from Hwy 167, 20 Miles from Seattle/Tacoma Airport | Rare Industrial Zoning; Grandfathered in for Gravel Outdoor Storage Use

For Sale or Lease | 14.17 AC | Current Use: Fully Permitted Metal Recycling Facility (Owner Is Open to Selling Operating Company and Equipment) | Extensive Paving on Front Half of Site | Fully Fenced, Gated, and Secured | Full Camera System and Yard Lighting | DOT-Approved 100,000lb Truck Scale | ±30,000 SF Open-Air Warehouse/Processing Structure | ±2,000 SF Fully Renovated Office with Upgraded Finishes | ±1,500 SF Covered Shed and Onsite Employee Trailer | Strategically Positioned Just Minutes from I-75, US-41, and Port of Tampa

2.03 AC | 6,000 SF Warehouse with 1,800 of Office Space, 21’-24’ Clear Heights, and (2) 12’x14’ Dock Doors | 2 Dock Well Positions With Edge of Docks in Place | 1,519 SF of Covered Loading Dock | 1,838 SF Mezzanine | Outside Storage Allowed as an Accessory Use | Excellent Access to I-95, US-92, Williamson Boulevard, Bill France Boulevard, and Nova Road | 5 Minutes to Daytona Intl. Speedway and Daytona Beach Intl. Airport | Less Than 10 Minutes to I-95/I-4 Interchange

5.5 AC | Rare Heavy Zoned IOS | Fully Fenced and Gated Lot | Lighting Throughout Lot | Opportunity to Expand Fencing to Include Additional Acre | 2 Buildings: 1,100 SF Office and 1,750 SF Warehouse | Utilities on Site | Close to CA-126 and Santa Paula Airport

5.5-12 AC | Fully Improved Site | Paved, Lit, and Secured Yard | 1,000 SF Repair Shop and 3,200 SF Shop/Office | Additional Offices on Site Available for Operational Support | Utilities on Site Include Gas, Water, Sewer, and 277/480V 3-Phase Power | Steel Canopies with Power | Excellent Visibility With 785’ of Frontage on Donovan Way and 790’ of Frontage on I-15