IOS Daily - February 7 - CBRE brokers $12.75M sale-leaseback of 15 acre IOS in Indianapolis

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NEWS ROUNDUP

DISPOSITION: CBRE brokers $12.75M sale-leaseback of Indianapolis portfolio. CBRE’s Investment Properties—Private Capital Partners team has arranged the 1-year sale-leaseback of 1220, 1254, and 1310 South West Street in Indianapolis, Indiana. The 14.99 acre property features a 25,856 SF truck terminal building, a 19,180 SF truck maintenance building, and a 4,358 SF truck wash and fueling building. Kevin Foley, Austin Wolitarsky, Anthony DeLorenzo, Bryan Johnson, J.D. Graves, and Sarah Greer with CBRE represented the seller, Sodrel Truck Lines, in the transaction.

ACQUISITION: Sagemont buys 43.05 acre IOS in Nashville metro area. Sagemont Real Estate has acquired 199 Bordeau Drive in Dickson, Tennessee, in a sale-leaseback deal. Trent Yates, Jeremiah Pyron, and Stephen Songy with Sagemont represented the seller, Shapiro Metals. 8 acres at the site are currently available for lease; for details, contact Ann Marie Carlson.

ACQUISITION: Rampart RE Partners buys 5.35 acre IOS in Charlotte, NC. Rampart Real Estate Partners has acquired 5923 Orr Road in Charlotte, North Carolina. The property features a 12,000 SF industrial building. Gregory Gosselin and Justin L. Smith with Colliers represented Rampart in the deal and were the only brokers involved.

LEASE SIGNED: SVN leases 0.5 acres of IOS in Chicago area. SVN Landmark Commercial Real Estate has leased approximately 0.5 acres of IOS yard and 3,000 SF of industrial space at 37W309 Keslinger Road in Geneva, Illinois, for $16/SF/year modified gross. The tenant is Riemer Engineering and Land Development. Brian Lindgren with SVN represented both sides of the transaction and is currently marketing the remainder of the property (9,000 SF in the same building plus approximately 1 acre of IOS) for lease.

LEASE SIGNED: Matthews leases 5.91 acre IOS in Waco ,TX. Matthews Real Estate Investment Services has leased 3200 I-35 in Waco, Texas. The property features a 20,010 SF industrial building. The Matthews deal team included Ashton Miller and Andrew Wiesemann.

READ: The niche real estate subsectors gaining favor with industrial investors. (Hint: IOS made the list.)

FROM OUR PARTNERS

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For Sale and Lease | 5.3 AC | 70,660 SF Industrial Building with >9,000 SF Office and 13’-23’ Clear Heights | 3-Phase Power | (3) Dock-High Doors, (2) 20’ Drive-in Doors, and (4) 12’ Drive-in Doors | Roof Replaced in 2014 | Fully Sprinklered | 90 Parking Spots Plus Outdoor Storage Area

20 AC | For Sale and Lease | Combination of Paved and Graveled Surface | Well-Lit and Fenced | Power and Water Utilities

3.22 AC | 8,620 SF Building + Wash Bay | 100% Leased | Fully-Fenced Yard | New Construction | Excellent Highway Accessibility

IOS STATE OF THE MARKET

4 AC | 6,000 SF Warehouse and 1,000 SF Office | Fenced | Utilities Onsite | Close to I-35 | 3% Annual Bumps | 5-Year Term

Truck Parking | 7.69 AC Site with Zoning Approvals | 3,000 SF Office with Commercial Bathrooms | Close to NJ Turnpike; I-295; Routes 40, 48, 130, and 322; Delaware Memorial Bridge; and Port of Wilmington, DE

0.78 AC | 835 SF Office Building | M-1 Zoning | Fully Paved and Fenced