IOS Daily - March 11 - Colliers brokers $2.4M San Diego IOS sale

NEWS ROUNDUP

ACQUISITION: Colliers brokers $2.4M IOS sale in the San Diego area. Colliers has brokered the sale of 2547 Faivre Street in Chula Vista, California, a suburb of San Diego. The 1.15 acre IOS property sold for $2.4 million, or $2.09 million per acre. Colliers reports that it received eight offers on the property in one week and sold to an all-cash buyer. The Colliers deal team was led by Mark Lewkowitz.

ACQUISITION: Turnbrige buys 2.5 acre IOS in Brooklyn for $16.6M. Turnbridge Equities has acquired 2300 E. 69th Street in Brooklyn, New York, for $16.6 million. The 2.52 acre IOS property includes an 11,275 SF building with 2 drive-in doors. The property is also adjacent to another IOS property owned by Turnbridge at 2365 E. 69th Street. The Turnbridge deal team included Ryan Nelson.

ACQUISITION: Azora Exan buys 2.6 acre IOS in Miami, FL. Spanish private equity firm Azora Exan has purchased 3486 N.W. 25th Street in Miami, Florida. The 2.62 IOS property is currently used by Greyhound as a bus maintenance center. The seller was Twenty Lake Holdings. Cushman brokers Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell, Mike Ciadella, and Greg Miller repped the seller. The Azora Exan deal team included Arturo Vinueza and Ignacio Gil-Casares.

LEASING ASSIGNMENT: Metz tapped to lease IOS in Cliffwood, NJ. The Metz Industrial Group of Bussel Realty will represent the leasing of 379 County Road in Cliffwood, New Jersey. The 3.4 acre low-coverage IOS site includes an 8,000 SF maintenance facility owned by Ridgecut Road and Luzern Associates. For more information, contact Jordan Metz, Ben Abbate, and James Friel.

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FOR SALE: Bremen, GA - 9.14 acre approved truck parking site

Address: 501 US Highway 27, Bremen, GA 30110

Features: Cleared and partially grubbed, zoning approved for truck parking, site plan complete

Close To: Two miles north of I-20, Exit 11 on US 27

Zoning: Highway Commercial

Info: LINK

Asking Price: $2,010,800

FOR SALE: Albuquerque, NM - 5-10 acre IOS

Address: 3111 Love Street, Albuquerque, NM 87121

Features: 3-phase power, two 60’ wells, city sewer

Close To: I40, Albuquerque International Sunport Airport

Building: 816 SF warehouse

Zoning: M1 (light manufacturing)

Asking Price: $2,200,000 for 10 acres, $1,1,000,000 for 5 acres

Info: LINK

FOR SALE: Jacksonville, FL - 14.59 acre development site

Address: Alta Drive, Jacksonville, FL 32226

Close To: Jacksonville Port, CSX, Jacksonville International Airport

Zoning: IH (heavy industrial)

Asking Price: Subject to offer

Info: LINK

FOR LEASE: Jacksonville, FL - 13.5 acre IOS

Address: 6720 W. 12th Street, Jacksonville, FL 32254

Features: Graveled, fenced, gated, lit, and utilities onsite

Close To: 0.2 miles to I-295, adjacent to train rail

Zoning: IH (heavy industrial)

Rental Rates: $3,200/acre/month NNN

FOR LEASE: Toms River, NJ - 2-3 acre IOS

Address: 1570 Lakewood Road, Toms River, NJ 08755

Close to: Route 9

Rental Rates: Negotiable

Info: LINK

FOR LEASE/SALE: Compton, CA - 1.43 acre IOS

Address: 408 E. Alondra Boulevard, Compton, CA 90221

Features: Paved, fenced, lit, 3 dock high doors with levelers, concrete perimeter block wall, in-ground scale

Close To: 10 miles to Ports of Long Beach and Los Angeles

Buildings: 10,000 SF of indoor space

Zoning: MH City of Compton

Rental Rates: $8.40 /SF/year

Info: LINK