IOS Daily - June 12 - Alterra buys 1.74 acre IOS in Seattle, WA

NEWS ROUNDUP

ACQUISITION: Alterra buys 1.74 IOS in Seattle area. Alterra IOS has acquired 7807 44th Avenue West in Mukilteo, Washington, a suburb of Seattle. The property includes a 9,155 SF industrial building with 4 grade-level drive-in doors and 1 dock door. The Alterra team included VP Parker Pearson. The deal was marketed by Cushman & Wakefield. Kidder Matthews represented Alterra and will market the property for lease.

ACQUISITION: Stonemont sells 5 acre Chicagoland IOS. Stonemont Financial Group has sold 131 Anton Drive in Romeoville, Illinois, a Chicago suburb. The 5.02 acre yard includes parking stalls for 131 tractor-trailers. The Stonemont team included Scott Benedetto and Ryan Meehan. Kelly Disser, Bill Byrne, and Michael Freitag of NAI Hiffman represented Stonemont in the deal.

ACQUISITION: East Coast Properties buys 4.22 acre IOS in Miami for $9.6M. East Coast has purchased 13951 Northwest 109th Avenue in Hialeah Gardens, Florida, part of Miami metro. The property sold for $9.6 million, or $52 per SF. The East Coast deal team included Miguelangel Salazar-Pesce and Azael Reyes. Gabriel Garcia Menocal, David Oxios, and Lucia Custer of NAI Capital and Enrique Jordan of Central Commercial RE assisted in the deal.

LEASE SIGNED: JLL brokers lease of 4 IOS properties in DC metro area. The Metro DC Industrial Team of JLL represented Open Industrial in the leasing of 25173 Arcola Mills Road in Sterling, Virginia; 9155 Mike Garcia Drive in Manassas, Virginia; and 14610 Old Gunpowder Road in Laurel, Maryland. The team also represented Prologis in the leasing of 9405 Livingston Road in Fort Washington, Maryland. The JLL team included John Dettleff, Sam Haas, Dan Coats, Abbot Wallenborn, and Geoffrey Thomas.

TRUCK PARKING: Discount Truck Parking to expand Orlando sites. Discount Truck Parking plans to add 5 acres to 11699 Airport Drive in Orlando, Florida. This brings the site’s total size to 15 acres. The company is also adding 7 acres to 1825 Saturn Boulevard in Orlando, bringing its acreage to 17.

READ: Bankrupt Yellow Corp. may reorganize as a REIT.

FOR SALE: Henderson, NV - 0.8 acre IOS

Address: 911 and 919 Empire Mesa Way, Henderson, NV 89011

Features: Two raw yards, secured with CMU walls and independent entry gates for each

Close To: US-95, I-515 Freeway, Henderson Hospital, Harry Reid Intl. Airport and Henderson Airport

Zoning: LI (Limited Industrial)

Asking Price: $1,000,000

Info: LINK

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: Venice, FL - 1.07 acre IOS

Address: 110 Corporation Way, Venice, FL 34285

Features: Fully-fenced

Zoning: ILW (Industrial, Light, and Warehousing)

Asking Price: $995,000

Info: LINK

FOR LEASE: El Paso, TX - 1.17 acre IOS

Address: 11109 Dyer Street, El Paso, TX 79934

Features: Secured, fenced, gravel yard space and ample parking

Close To: El Paso Intl. Airport

Rental Rates: $2,500/month for the first year

Info: LINK

FOR LEASE: Inglewood, CA - 0.89-3.12 acre IOS

Address: 11219-11227 South Prairie Avenue, Inglewood, CA 90303

Close To: 105 Freeway, intersection of Prairie Ave, Imperial Highway, Los Angeles Intl. Airport, and Long Beach-Daugherty Field Airport

Zoning: INC2

Rental rates: Upon Request

Info: LINK

FOR LEASE: Charlotte, NC - 3.7 acre IOS

Address: 217 West 24th Street, Charlotte, NC 28206

Zoning: ML-2 (Manufacturing and Logistics, outdoor storage permitted)

Rental rates: $14,500/month NNN

Info: LINK