IOS Daily - June 28 - Ridgecut Road buys 3.1 acre IOS in Middlesex, NJ

NEWS ROUNDUP

ACQUISITION: Ridgecut Road buys 3.1 acre IOS in Middlesex, NJ. Ridgecut Road has acquired 201 Wilton Avenue in Middlesex, New Jersey. The site is leased to Straight Edge Striping and includes a 22,000 SF warehouse and office building with 7 drive-in doors. KSR’s Isaac Setton brokered the deal, while Justin Horowitz of Cooper Horowitz assisted with the financing. The Ridgecut Road team is led by Eric and Scott Shalek.

ACQUISITION: Realterm acquires 4.3 acre IOS in Seattle area for $9.8M. Realterm has purchased 805 140th Avenue Court E in Sumner, Washington, a suburb of Seattle. The property features a 12,700 SF maintenance shop with 9 drive-in doors and 4 drive-through bays plus a 6,100 SF office. Kermit Jorgensen of Neil Walter Co. represented Realterm in the deal. The Realterm deal team included Jack Falk.

ACQUISITION: Marcus & Millichap sells 2.9 acre Denver IOS for $2.45M. Marcus & Millichap represented the seller in the sale of 7499 East 41st Avenue in Denver, Colorado. The property includes a 10,451 SF warehouse and is leased to Traffic Management Inc. The Marcus & Millichap deal team was led by Alyssa Tomback and Thimy Moraitis.

PEOPLE MOVES: Catalyst hires new Investments Associate. Catalyst Investment Partners has hired Nell Hurley as its newest Investments Associate. Nell has a background in real estate banking and previously worked for J.P. Morgan.

READ: M&A activity is heating up in the lumber and building materials (LBM) industry.

EQUIPMENT RENTAL: The Adams Team at Northmarq (Chris and Josh) share great research on net leased trends. Click here for their latest report on Sunbelt, a major IOS user.

FROM OUR PARTNERS

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 SALE/LEASE: San Bernardino, CA - 1.76 acre IOS

Address: 10799 South Artesia Street, San Bernardino, CA 92408

Features: Fenced and graveled truck yard

Close To: 10 and 215 Freeway, San Bernardino Intl. Airport, and Ontario Intl. Airport

Zoning: IL (Industrial)

Asking Price: $2,500,000

Info: LINK

FOR SALE: Bronx, NY - 5.56 acre IOS

Address: 4295 Boston Road, Bronx, NY 10466

Close To: I-95, I-87, I-287

Zoning: Industrial

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

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