IOS Daily - December 4 - IOS with Amazon lease grabs $20M refi

NEWS ROUNDUP

FINANCING: Amazon-leased IOS lands a $20 million refi. The owners of 4350 Temple City Blvd in El Monte, CA just secured a $20 million refinancing. The 7-acre Amazon-leased property with outdoor storage space and a 27,350 SF industrial building is across the street from one of Amazon’s distribution facilities. Bryan Kenny with Bandon Capital Advisors secured the loan. Records show the underlying lender was Standard Insurance Company and the owner is FB Logistics & Storage.

ACQUISITION: Harbor and Evergen buy LA industrial site for IOS. Harbor Associates and Evergen Equity acquired four adjacent properties for $55 million ($7.3 million per acre) at 690-760 West 190th Street in Gardena, CA. The deal team included Troy Marcus of Evergen and Rich McEvoy and Paul Miszkowicz with Harbor. CBRE brokers Eric Cox, Barbara Perrier, and Darla Longo advised the seller.  

FUNDRAISING: Stonelake Capital Partners closed a $746 industrial fund. Stonelake Opportunity Partners VII LP will target warehouses in Sunbelt states. Stonelake’s fundraising team included Ben Harper, Claire Wiggins, Cal Spangler, and John Bryant. “90% of our existing limited partners from Stonelake VI committed to Stonelake VII, representing [about] 70% of the fund's commitments.” -Kenneth Aboussie, Stonelake managing partner

READ: Ned Mahic with 9606 Capital is interviewed on IOS strategy. “Aggregation holds a premium. It's one of the last remnants of alpha, primarily due to the small average transaction size.”

THE ENTIRE IOS INDUSTRY IN A SINGLE VIEW:

The IOS map has arrived. All of our listings, truck parking, and IOS professionals (coming soon) in a single browser tab. We are loading in new listings every day. Check it out here!

FOR SALE: Glendale, AZ – 39.5 acre IOS

Address: 11748 W. Glendale Ave, Glendale, AZ 85307

Features: Large heavy industrial site with multiple short leases in place

Close To: Loop 101, 5 minutes from Arizona Cardinals Stadium

Zoning: M2 City of Glendale Heavy Industrial

Info: LINK

Asking Price: $14,800,000

Brokers: Nick DePaul at 480-414-3818 or Chad Kirkorksy  at 480-330-2824 or Preston Brimhall at 602-619-9350

FOR SALE: Channelview, TX - 4.81 acre warehouse + IOS

Address: 15221 Market St, Channelview, TX 77530

Features: Sale-leaseback, paved site, extensive renovations to building on site, fenced, 3 phase power

Close To: I-10, Beltway 8, Port of Houston

Buildings: 44,000 SF warehouse space with 12,248 SF of office, 4 dock doors, 3 drive-thru doors

Info: LINK

Asking Price: $8,999,680

Brokers: Murphy Sloan at 972-636-5231 or Andrew Wiesemann at 318-267-1074

FOR SALE: Evansville, IN – 4.72 acre warehouse + IOS

Address: 2125 Glenview Dr Evansville, IN 47720

Features: Paved, graveled, lit, fenced gated, 3-phase, utilities, 15 total rollup doors, 265 trailer stalls

Close To: Ohio valley intermodal rail

Buildings: 22,415 total SF buildings, 15 total rollup doors

Zoning: Industrial

Info: LINK

Asking Price: $2,844,511

Brokers: Ashton Miller at 214-802-7299 or Andrew Wiesemann at 318-267-1074

FOR LEASE:  Tracy, CA – 10.35 acre IOS

Address: 5051 Promontory Parkway, Tracy, CA 95377

Features: Paved, lit, fenced and secured, landscaped perimeter

Close To: I-5, I-205, I-580, Port of Oakland, BNSF & UP intermodal facilities, EastBay/Bay Area/Central Valley

Zoning: BPI (Business Park Industrial)

Info: LINK

Brokers: Mike Goldstein, SIOR at 209-475-5106 or Greig Lagomarsino, SIOR at 510-433-5809 or Ryan McShane, SIOR at 209-483-9851

FOR LEASE: Locust Grove, GA – 3.14 acre warehouse + IOS

Address: 130 Pine Grove Rd, Locust Grove, GA 30248

Features: Fenced, asphalt, graveled, 3 phase power, lighted lot

Close To: 1.5 miles to I-75, 50 million SF of distribution space within 10 minutes

Buildings: 15,000 SF, 3 grade-level doors (2-18’ wid), recently renovated

Zoning: M-1, outside storage permitted

Info: LINK

Broker: Bryan Marshburn, SIOR, CCIM at 239-908-7160

FOR LEASE: Orlando, FL – 5.2 acre IOS

Address: 11622 Boggy Creek Road, Orlando, FL 32824

Features: 100% stabilized, fenced, and lit

Close To: SR 417, SR 528, I-4, Florida Turnpike and Orlando International Airport

Buildings: 1,920 SF office and 800 SF office/potential conversion to shop

Zoning: Ind-1/Ind-5 (Orange County, allows outdoor storage by right including equipment rent, truck parking, and contractors offices)

Info: LINK

Rental Rate: $39,000/month NNN

Broker: Derek Riggleman at 321-281-8507