IOS Daily - July 3 - Crest Partners buys 2.32 acre IOS in SF for $40M

NEWS ROUNDUP

ACQUISITION: Crest Partners buys 2.32 acre IOS in SF for $40M. Led by Ryan Madson, Crest Partners has acquired 3550 3rd Street in San Francisco, California. The property includes a 9,600 SF building and is currently leased to MV Transportation. Blake Miller and Max Rattner of Reliance RE Advisors represented Crest in the deal. Ramsey Daya, Travis Bailey, Chris Moritz, and Grant Gooding of Newmark arranged $26.325M in bridge financing for the deal.

ACQUISITION: Alterra buys 6 acre IOS in Orlando, FL. Alterra IOS purchased 4777 Old Winter Garden Road in Orlando, Florida. The site features 17,220 SF of indoor space and is located close to I-4. The Alterra deal team was led by Chris White.

ACQUISITION: Catalyst buys 4.13 acre IOS in Charlotte area for $5M. Catalyst Investment Partners has purchased 10256 Industrial Drive in Pineville, North Carolina, a suburb of Charlotte. The property features a 7,586 SF service facility with 1 drive-in door. The Catalyst deal team was led by Brandon Johnson. Jay Hill of JLL brokered the sale. For leasing inquiries, email Catalyst.

ACQUISITION: Open Industrial buys 7.48 acre IOS in Baltimore, MD. Open Industrial has acquired 7431 Washington Boulevard in Elkridge, Maryland, a Baltimore suburb. The site features 6,515 SF of building and is 100% leased to United Rentals. The Open Industrial team is led by Michael Rabin and Guggan Datta.

ACQUISITION: Panther brokers sale of 4.05 acre IOS in Fort Pierce, FL. The Panther Capital Group represented the seller in the sale of 3620 South U.S. Highway 1 in Fort Pierce, Florida. The property includes 30,090 SF of indoor space. The Panther deal team included Robyn Johnson.

FUNDRAISING: Meadow Partners raises $530M for fund. Meadow Partners has received a total of $530 million in new capital commitments for its Fund VI. Meadow’s growing portfolio includes IOS properties, such as its recent purchase of 409 West 66th Avenue in Denver, Colorado.

FROM OUR PARTNERS

FOR SALE: Stockton, CA - 4.84 acre IOS or truck parking dev site

Address: 3732 Newton Road, Stockton, CA 95205

Features: Electricity/gas, 173 trailer stalls, water well, septic system on site, public water system, detached garage, and workshop on property (can remain or be removed)

Close To: Highway 99

Zoning: Industrial

Info: LINK

FOR SALE/LEASE: Tampa, FL - 9.5 acre truck parking

Address: 1801 Maritime Boulevard, Tampa, FL 33605

Features: Can be delivered graveled, lit, and gated/fenced, all utilities available, 5,500 trucks per day pass the site servicing the Port of Tampa, (204) 55’x12’ trailer container stalls and (6) 50’x 12’ trailer container parking spaces

Close To: Port, CSX rail service available, S 20th Street causeway, I-4 Interchange

Zoning: IH (Industrial Heavy) & IG (Industrial General Commercial)

Asking Price: $15,000,000

Rental Rates: $10,000/acre/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 LEASE: Indianapolis, IN - 4.6 acre Warehouse + IOS

Address: 235-320 Transfer Drive, Indianapolis, IN 46214

Features: Secured lot, gravel surface, automatic entrance gate, lit, 960 SF office trailer

Close To: I-465, I-70, CSX Indy Railyard, and Indianapolis Intl. Airport

Building: 15,000 SF building with 2 dock doors, 2 drive-in doors, and 18'-20' clear height, 400 amp / 3 phase power

Zoning: I-4 (Heavy industrial, outdoor storage permitted)

Rental Rates: $32,500/month NNN

Info: LINK

FOR LEASE: North Charleston, SC - 4.02 acre IOS

Address: 2811 Carner Avenue, North Charleston, SC 29405

Features: Fully-fenced, secured with an electric gate, 400 amps, and 4 diesel fueling stations

Close To: I-26, I-526, Port Terminal, Downtown Charleston, and Charleston Intl. Airport

Building: 12,265 SF building, 8,765 SF warehouse, 3,500 SF (two-story) office with restrooms, LED lighting, 8 (15’ x 16’) drive-through bays, clear height 18’, ceiling height 20’ and truck wash bay

Zoning: B-2 (General Business), M-1 (Manufacturing) use allowed as legal non-conforming

Rental Rates: $40,000/month NNN

Info: LINK

FOR LEASE: Baltimore, MD - warehouse + 8.23 acre IOS

Address: 4070 North Point Road, Baltimore, MD 21222

Features: Fenced, gated, graveled, paved, 600 amps of 3-phase power

Close To: I-695, I-895, I-95, Port of Baltimore

Building: 30,000 SF warehouse with 5,000 SF office, 1 loading dock, 11 grade-level doors

Zoning: ML-IM (Industrial)

Rental Rates: $50,000/month NNN

Info: LINK

Drone Footage: LINK