IOS Daily - March 19 - Doherty brokers 3 IOS properties in TX

NEWS ROUNDUP

ACQUISITION: Doherty brokers the sale of 3 IOS properties in Midland, TX. The Doherty Houston Industrial Group at Marcus & Millichap has closed on the sale of 3 single-tenant IOS properties in Midland, Texas. Combined, the properties feature 27,245 SF of warehouse space on 9.25 acres. Each property is currently leased by a single tenant. The Doherty group is led by Patrick Doherty.

UPDATE: On March 6, we reported on the sale of a Baltimore area IOS at 820 Bletzer Road in Dundalk, Maryland. Catalyst Investment Partners, led by Connor Brophy, purchased the 5.29 acre property. We found out that Marcus & Millichap represented the seller, Fraley and Schilling, in the deal. The sale price was $2.6 million. The M&M deal team included Bryan Herr, Robert Filley, and Arvin Gholamrezae.

ACQUISITION: Swartz sells low-coverage industrial property in GA. Swartz Co. Commercial Real Estate has sold 8405 Tatum Road in Palmetto, Georgia, a suburb of Atlanta. This 2.93 acre low-coverage industrial property includes an 8,800 SF building with 2 drive-in doors and 1 dock-high door. The Swartz deal team was led by Jonah Siegel.

LEASES SIGNED: Colliers leases two IOS properties in Indianapolis, IN. Korey Ryan with Colliers repped the owners in leasing 4600 and 4610 Bluff Road in Indianapolis, Indiana. 4600 Bluff Road is a 2.66 acre IOS property with a 9,600 SF building. 4610 Bluff Road is a 6.80 acre property with a 17,885 SF building. The new tenant for both properties is United Rentals, and they signed up for 5+ year terms.

READ: Sunbelt Rentals is on a buying spree.

FOR LEASE/SALE: Fort Worth, TX - 21 acre warehouse + IOS

Address: 1346 Markum Ranch Road E, Fort Worth, TX 76126

Features: All 21 acres are stabilized with gravel, fenced, gated, and lit

Close To: I-20 Frontage, I-30, I-820 Loop, 14 miles to Fort Worth

Buildings: 12,000 SF building with 4 bathrooms, 8 private offices, 1 conference room, break room, 2 dock-high doors, 2 drive-through doors

Zoning: Unincorporated Fort Worth ETJ

Asking Price: Contact Broker

Rental Rate: Contact broker

Info: LINK

FOR SALE/LEASE: Sanford, NC - warehouse on 3.14 acres

Address: 2613 Lee Avenue, Sanford, NC 27332

Features: Newly paved parking, fully equipped with loading docks

Close To: US-1/501 S, I-87, 421, major highways

Building: 80,000 SF warehouse, 2 dock-high doors, 3 grade-level doors

Zoning: LI

Asking Price: $3,900,000

Rental Rates: $5 per SF

Info: LINK

FOR SALE/LEASE: Merced, CA - 40.8 acre IOS

Address: 3058 Beachwood Dr, Merced, CA 95348

Close To: Hwy 99, Castle Air Force Base, Santa Fe Avenue via Beachwood Drive, Merced-Atwater Expressway

Building: 49,522 SF (8 warehouse Buildings)

Zoning: M-1 (M-1 (Light Industrial))

Asking Price: Contact broker

Info: LINK

FOR LEASE: Fuquay-Varina, NC - warehouses on 40 acres

Address: 1001 Bridge St, Fuquay-Varina, NC 27526

Features: Utilities, power, fenced, lit, graveled, gated, fire suppression system and paved

Close To: US-401, I-42, I-95, I-40

Building: 336,000 SF total with each building around 24,318 SF with one drive-in and one dock door, ceiling height: 25’ or 30’ (building specific)

Zoning: LI

Rental Rates: $10 per SF

Info: LINK

FOR LEASE: Miami, FL - 5-7.39 acre IOS

Address: 6950 NW 7th St, Miami, FL 33150

Features: Fully improved, paved, lit, truck/trailer parking, equipment storage and container storage

Close To: NW 72nd Avenue, SR 836 and SR 826 and Miami International Airport

Zoning: Industrial/Light Mfg IU-1

Rental Rates: $4.50 /SF/YR

Info: LINK

FOR LEASE: El Monte, CA - 11 acre IOS

Address: 4350 Temple City Blvd, El Monte, CA 91731

Features: Fully secured, lit, paved trucking or storage yard, wifi service, concrete K-Rail, pavement, 8’ fence, 30’ rolling access gate

Close To: I-10 Freeway, Bob Hope Airport

Rental Rates: Negotiable

Info: LINK