IOS Daily - June 19 - CBRE brokers sale of Philly low-coverage site for $2.875M

NEWS ROUNDUP

ACQUISITION: CBRE sells 5.58 acre site in Philly area for $2.875M. CBRE has brokered the sale of 1304 Conshohocken Road in Conshohocken, Pennsylvania, a suburb of Philadelphia. The low-coverage property includes a 70,000 SF industrial building. A CBRE team led by Steve Marzullo, Adam Silverman, and Mike Roden represented the seller. The buyer was Midland Properties. For leasing inquiries, email Sam Lichtenstein.

ACQUISITION: Bento Property Group sells 4 acre South FL IOS. Led by Steven Bentolila, the Bento Property Group has sold 1875 Robert J. Conlan Boulevard Northeast in Palm Bay, Florida. The site includes 27,000 SF of indoor space and is 100% leased to Volkswagen. The buyer was Alterra.

ACQUISITION: MacKenzie sells 2.8 acre ISF in Baltimore for $3.95M. MacKenzie Commercial RE represented the buyer, Taylor Northeast, in the purchase of 9214 Pulaski Highway in Baltimore, Maryland. The industrial service facility (ISF) features a 21,000 SF warehouse and a 3,500 SF office and showroom building. The MacKenzie deal team included Matthew Curran, Andrew Meeder, and Daniel Hudak.

FINANCING: Ariel closes $4.675M loan for 10.5 acre IOS in Largo, FL. Ariel Property Advisors has closed on a loan of $4.675 million for 2063 20th Avenue Southeast in Largo, Florida. The owner is The Sason Organization. The Ariel deal team included Matt Swerdlow and Matt Dzbanek.

READ: The Port of New Orleans secures $230M for the development of the Louisiana Intl Terminal and other infrastructure projects.

FROM OUR PARTNERS

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/mo NNN

Info: LINK

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: Prineville, OR - 2.86 acre IOS

Address: Northwest Industrial Park Road, Prineville, OR 97754

Features: Natural gas line located to the east, sewer and water to the west side of property

Close To: Redmond, Roberts Field Airport

Zoning: M-2 (Heavy Industrial)

Asking Price: $390,000

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

Rental Rates: $50,000/month NNN

Info: LINK

Drone Footage: 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: Charlotte, NC - 0.79-4.79 acre IOS

Address: 2800 North Tryon Street, Charlotte, NC 28206

Close To: I-85, I-77, US-29, Uptown Charlotte, CLT Airport

Rental Rates: $4,586/acre/mo

Info: LINK

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