IOS Daily - February 23 - APEX buys 2.3 AC IOS in West Palm Beach, FL

NEWS ROUNDUP

ACQUISITION: APEX buys 2.3 AC IOS in West Palm Beach, FL. APEX has acquired 1733 Hill Avenue in West Palm Beach, Florida. The property features an 8,000 SF warehouse. Alex Olshansky and Steve Ruimy led the APEX deal team. Matthew Demetrius and Guillermo De Nicolas with Panther Capital Group facilitated the transaction.

DISPOSITION: Colliers sells 4.91 AC IOS in Salt Lake City. Colliers has facilitated the sale of 1595 South Pioneer Road in Salt Lake City, Utah. The low-coverage property features a 39,981 SF manufacturing facility and is 100% leased. The Colliers deal team included Gian Bruno, Michael Kendall, Kenny Patricia, Nick Mascheroni, Scott Scharlach, Kylie Jones, Warren Loth, Rusty Bollow, Bobby Stevens, and Grant Lammersen.

ACQUISITION: Jadian IOS buys 3.4 AC IOS in Raleigh, NC. Jadian IOS has acquired 705 Beacon Lake Drive in Raleigh, North Carolina. The low-coverage property features a 22,190 SF industrial building. Mason Baldwin, Alex Stahl, and Daniel Schuchinsky led the Jadian IOS deal team. Wells Herndon, William Hatcher, and Carter Dickinson with Simpson CRE represented the seller in the transaction and are currently marketing the property for lease.

ACQUISITION: Alterra buys 2.3 AC IOS in Miami metro area. Alterra IOS has acquired 74 Southwest 6th Avenue in Homestead, Florida. The property features 10,300 SF of building improvements, including a 9,290 SF warehouse, and is leased to United Rentals. Chris White and Morgan Specht led the Alterra deal team. Rory Shelby with Marcus & Millichap facilitated the transaction.

LEASE SIGNED: MacKenzie leases 6.29 AC IOS on Maryland’s Eastern Shore. MacKenzie Commercial Real Estate Services has facilitated the leasing of 822 Chesapeake Drive in Cambridge, Maryland. The property features a 15,780 SF industrial facility. Alton Curry, Andrew Meeder, Matthew Curran, and Daniel Hudak with MacKenzie represented the tenant in the transaction.

FINANCING: HKS arranges $7.3M refi loan for 2 AC IOS in Queens, NY. HKS Real Estate Advisors has facilitated a refinance loan for 10-51 Irving Avenue in Queens, New York. Axos Bank was the lender. John Harrington and Max Rubinchik led the HKS deal team.

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.

2.35 AC | Fully Paved with Concrete | Fully Fenced | 16,000 SF Truck Terminal Building with 800 SF Office, 2 Grade-Level Doors, and 16 Dock-High Doors | Excellent Connectivity to I-35 N and I-10 E

For Sale and Lease | 4.52 AC | Fully Fenced | 28,863 SF Warehouse with ±3,328 SF Office and 4 Drive-in Doors | 2,000 Amps/480 Volt 3-Phase Power (TBV) | Ability to Be Rail-Served | Great Access to Santa Fe, I-25, and C-470

3.07 AC | Paved, Lit, Fenced, and Gated IOS Property | 3-Phase Power | All Utilities Onsite | Total of 11,630 SF: ±8,500 SF Warehouse with 17’-19’ Clear Heights and ±2,500 SF Canopy Building, Both with Cross-Dock Loading and Grade-Level Oversized Drive-in Doors Available | Close to I-95, I-895, Dundalk Marine Port, and Downtown Baltimore

±4.2 AC | Fully Fenced and Lit | ±1,268 SF Office Building | Approved for Trailer Leasing, Repair, and Outdoor Storage | Drainage System | 400-Amp 3-Phase, 240V High-Leg Delta Service with Upgrade Potential Available | 2.5 Miles to Miami Intl. Airport and Cargo Clearance Center | Easy Access to FL-826, FL-836, Florida’s Turnpike, and FDOT Strategic Intermodal System

6 AC | Paved, Secured Yard with 50+ Truck and Trailer Parking Spaces and Drop-Yard Capability | ±10,140 SF Warehouse/Terminal Building with Efficient Office, Dock, and Operational Layout | ±6,000 SF Dedicated Truck Maintenance Facility with 4 Drive-in Service Bays | Close to I-75, I-280, and US-24 and Strong Connectivity to I-90, Detroit, Chicago, and Midwest Distribution Corridors

4.83 AC | Paved Lot with Dual Ingress/Egress Points | ±14,400 SF Building with ±1,680 SF Office | ±1.3 Miles to I-465 (Indianapolis Beltway) and ±1.7 Miles to I-70 | I-65 Accessible via I-465, Offering North-South Access to Chicago, Louisville, and Beyond (Regional Connector)