IOS Daily - July 12 - Realterm buys 5.4 acre IOS in New York

NEWS ROUNDUP

ACQUISITION: Realterm buys 5.4 acre IOS in Rockland County, NY. Realterm has acquired 400-500 Corporate Court in Valley Cottage, NY. The site includes a 37,560 SF facility with 7 drive-through bays and office spaces. The Realterm deal team included Ben Andreycak, Nick Dupuis, Ed Brickley, Glenn High, Katie Legue, Colin O’Brien, and Derek Fish.

ACQUISITION: MacKenzie brokers $3.5M sale of 3 acre IOS in Baltimore. Andrew Meeder, Daniel Hudak, and Matthew Curran of MacKenzie Commercial RE Services have brokered the sale of 672 Queenstown Road in Severn, Maryland, a Baltimore suburb. The property includes 2 buildings totaling roughly 8,000 SF, an on-site fueling station, and a fenced IOS facility. The buyer was Skyreach Equipment.

LEASE SIGNED: Metz subleases 2.17 acre IOS in Jersey City, NJ. The Metz Industrial Group of Bussel Realty Corp. represented the tenant in the subleasing of 127 James Avenue in Jersey City, New Jersey. The Metz team included Jordan Metz, Benito Abbate, and James Friel. A CBRE team that included Kevin Dudley, Chad Hillyer, Nicholas Klacik, and Kate Granahan represented the sublessor.

LEASE SIGNED: Stream leases 4.72 acre IOS in Dallas, TX. Alex Keeton and Ridley Culp of Stream Realty Partners have brokered the lease of 4.72 acres at 8575 South Central Expressway in Dallas, Texas. Stonemont Financial Group is the owner, and Michael Coogan led the Stonemont deal team.

HIRING: Dalfen is hiring for 2 positions in Chicago/Denver and Dallas. Dalfen Industrial is on the lookout for a new Market Officer to join its Midwest team. This position will be based out of Chicago or Denver. For more information on this role, contact Richard Weiss. Dalfen is also hiring a Capital Markets Analyst to be based out of the Dallas head office. The hiring manager for this role is Shelby Connors.

FROM OUR PARTNERS

FOR SALE/LEASE: Albuquerque, NM - 14.32 acre warehouse + IOS

Address: 245 Woodward Road S.E., Albuquerque, NM 87102

Features: Gated, heavy power (3-phase 480 volt), significant 2023 renovations

Close To: I-25, Albuquerque Intl. Airport

Building: 8 buildings: 82,348 SF warehouse, 6,588 SF office, 23,456 SF (combined paint booths, shop area, sandblasting sheds). 45 overhead doors total.

Zoning: NR-LM (Light Manufacturing)

Asking Price: $13,000,000

Rental Rate: $90,000/month NNN 

Info: LINK

FOR SALE: Brick, NJ - 3.10 acre IOS

Address: 94 Mantoloking Road, Brick, NJ 08723

Buildings: 925 SF industrial building with individual floor freezers and central AC and an 800 SF one-story building, cell tower

Zoning: B-2 (Village Zone)

Info: LINK

FOR SALE: Philadelphia, PA - 1.6 acre IOS

Address: 2501 South 28th Street, Philadelphia, PA 19145

Close To: South 28th Street frontage, Passyunk Avenue (60k VPD), I-76, I-95, Route 291, South Jersey Port, and Philadelphia Intl. Airport

Zoning: I3 (Heavy Industrial)

Info: LINK

FOR LEASE: Sorrento, LA – 1-18.3 acre IOS

Address: Airline Highway, Sorrento, LA 70778

Close To: I-10

Rental Rates: $2,500/acre/month

Info: LINK

FOR LEASE: Jurupa Valley, CA - 1.33 acre IOS

Address: 5666 Etiwanda Avenue, Jurupa Valley, CA 91752

Features: Fully-gated with private entrance to the yard

Close To: I-60 Fwy, I-15 Fwy, and Ontario Intl. Airport

Building: 600 SF office

Rental Rates: Upon Request

Info: LINK

FOR LEASE: Fontana, CA - 1.48 acre IOS

Address: 15568 Slover Avenue, Fontana, CA 92337

Features: Paved asphalt, fully-fenced drop yard, and utilities available

Close To: I-10, I-15, Highway 210, and Ontario Intl. Airport

Building: 880 SF office (3 individual offices, single restroom)

Zoning: SWIP (Freeway Industrial)

Rental Rates: $25,000/month NNN

Info: LINK