IOS Daily - July 17 - Catalyst buys 2 IOS in NJ and NC for $5.83M

NEWS ROUNDUP

ACQUISITION: Catalyst buys 2 IOS in NJ and NC for $5.83M. Catalyst Investment Partners has purchased 4 Larwin Road in Cherry Hill, New Jersey, for $3.83M. The 3.2 acre property includes a 13,242 SF warehouse. Guy Hananya of Clear Height brokered the deal. Catalyst has also bought 12715 Downs Circle in Pineville, North Carolina, for $2M. The 1.83 acre property features a 9,600 SF warehouse. Bradley Dunn of Stream Realty Partners brokered the sale. The Catalyst deal team was led by Brandon Johnson.

ACQUISITION: Realterm buys 4 acre IOS in Venlo, Netherlands. Realterm has acquired Olivier van Noortweg 4 in Venlo, Netherlands. The site includes roughly 100 truck parking spaces that have been newly paved. The Realterm deal team includes Shankar Narain and Robin van der Sluis is handling leasing.

ACQUISITION: K2/Bear buy 3.37 acre low-coverage site in Charleston. In partnership with Bear Development Holdings, K2 RE Capital has purchased 7269 Cross Park Drive in Charleston, South Carolina. The property features a 15,000 SF warehouse and a 7,800 SF warehouse. The K2 deal team included Mitch and Rob Kaplain. Justin Horowitz of Cooper Horowitz arranged the financing.

ACQUISITION: Argosy/Bay Street buy 2 IOS in MD and GA. Argosy RE Partners and Bay Street Capital purchased 1875 Mayfield Road in Odenton, Maryland, a suburb of Baltimore. The 5.43 acre IOS includes an 18,287 SF building. The partnership has also bought 50-52 Telfair Place in Savannah, Georgia. The 48 acre property features a 4,251 SF building. Argosy is led by David Butler, Andy Stewart, and John Kirwin. The Bay Street team is led by Matt Wiener and Jeremy Stenberg.

JOINT VENTURE: GFH Partners teams up with Transport Properties. GFH Partners has launched and closed its 7th logistics and industrial fund in the US. The fund’s portfolio — with a value of $300M — includes 25 assets across the US. To manage the assets, GFH has entered into a strategic partnership with Transport Properties. The Transport Properties team is led by Tim McCahill.

READ: American Rental Association expects 7.9% revenue growth for the industry.

FROM OUR PARTNERS

OFF-MARKET FOR SALE: Tampa MSA – 8 acre IOS

Market: Tampa MSA (Polk County)

Features: Paved, secured, fenced, offered vacant, cell tower income

Close To: Publix, O'Reilly Auto Parts, ACE Hardware, Amazon, and IKEA distribution facilities

Building: 37,500 SF building, 2 drive-in doors (20' x 14'), 17' 9" height in main 25,000 SF building, 15" in attached 12,500 SF building

Asking Price: Mid $6 million guidance

FOR SALE/LEASE: Jackson, GA – 3 acre IOS

Address: 1153 Bucksnort Road, Jackson, GA 30233

Features: Fenced, lit, gated, graveled and millings

Close To: Less than a mile to I-75

Building: 11,500 SF building, 3,744 SF office, 5 drive-through bays, (10) 14' x 12' drive-in doors and 18' clear height

Zoning: C-2, Butts County Zoning

Asking Price: $2,300,000

Rental Rates: $20,000/month NNN

Info: LINK

FOR SALE: Colton, CA - 2.72 acre IOS

Address: 151 Fogg Street, Colton, CA 92324

Features: Fenced, secured, truck canopies, 80% paved, active CUP for truck and trailer repairs

Close To: I-10 Fwy, 60 Fwy, I-215 Fwy and Ontario Intl. Airport

Building: 648 SF office

Zoning: M-1 (Manufacturing)

Asking Price: $5,000,000

Info: LINK

FOR LEASE: Rosedale, MD - 11.75 acre warehouse + IOS

Address: 1205 68th Street, Rosedale, MD 21237

Features: Fenced, paved asphalt lot, on-site fueling, 3-phase power

Close To: I-95, I-695, and I-895

Building: 84,086 SF warehouse with 6,500 SF office, 13 docks, 4 drive-ins, 20' clear height

Zoning: MH-IM (Manufacturing, Industrial District)

Info: LINK

FOR LEASE: Jersey City, NJ - 4.2 acre IOS

Address: 530 Duncan Avenue, Jersey City, NJ 07306

Close To: NJ Turnpike, Interchange 15E, Port Newark, and Newark Liberty Intl. Airport

Building: 19,440 SF truck terminal, 12’ to 14’ ceiling heights, 36 loading spots

Zoning: Industrial

Info: LINK

FOR LEASE: Denton, TX - 1.7 acre IOS

Address: 209 North Mayhill Road, Denton, TX 76208

Features: Fenced, gated, and parking for 75 trailers

Rental Rate: $7,000/month

Info: LINK