IOS Daily - March 29 - Lee & Associates brokers $9M SoCal IOS deal

NEWS ROUNDUP

ACQUISITION: Lee & Associates brokers 2.25 acre SoCal sale for $9M. Lee & Associates represented the buyer in the sale of 11080 Cherry Avenue in Fontana, California, in an off-market transaction for $9 million. The 2.25 acre IOS property features a 2,690 SF office building. The Lee & Associates deal team included Trent Kimsey, Craig Yocum, and Alexey Zabolotskikh.

ACQUISITION: Apricus buys 8 acre IOS in Houston, TX. Apricus Realty Capital has purchased 9987 Wallisville Road in Houston, Texas. The 8 acre IOS includes a 2,000 SF office building and a 900 SF warehouse. Davis Lamberton of Blackwood Industrial sourced and facilitated the sale and leaseback of the property. The Apricus deal team included Garrett Marler and Matt Haley.

ACQUISITION: Panther closes on 3 acre IOS in Tampa, FL for $1.9M. Panther Capital Group has closed on 2032 S. 51st Street in Tampa, Florida. The 2.96 acre IOS property includes a 17,263 SF industrial building. The sale price was $1.85 million. The Panther deal team was led by Guillermo De Nicolas and Hector Delgado and represented both the buyer and the seller.

LEASE SIGNED: EBR leases 2 acre industrial property in Houston, TX. The EBR Realty Group at KW Commercial has successfully leased 13523 Conklin Lane in Houston, Texas. The 2.06 acre low-coverage industrial property includes a 16,160 SF office/warehouse building with 2 drive-through doors. The rental rate is $12/SF/year NNN. Ernesto Ramirez leads the EBR team.

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FOR SALE/LEASE: Opa-locka, FL - 3.53 acre IOS

Address: N.W. 133rd Street, Opa-locka, FL 33054

Features: Paved, drained, fully-fenced, and lit for 24/7 operations

Close To: Gratigny Parkway, Port of Miami, and Miami International Airport

Zoning: I-3 (Liberal Industrial)

Asking Price: $10,000,000

Rental Rates: $4.25/SF/year NNN

Info: LINK

FOR SALE: Tucson, AZ - 0.87 acre IOS

Address: 305 E. Missouri Street, Tucson, AZ 85714

Features: Fenced and gated

Close To: I-10, I-19, and Tucson International Airport

Zoning: I-1

Asking Price: $188,965

Info: LINK

FOR SALE: Chandler, AZ - 19.63 acre IOS with existing income

Address: 11523-11541 E. Appleby Road, Chandler, AZ 85286

Features: Septic, two on-site wells

Close To: Loop 202 and State Route 87

Zoning: I-2

Tenants: 91% occupied with six tenants, projected year 1 NOI of $720,197

OM: contact broker

Asking Price: contact broker

FOR LEASE: Pasadena, TX – 4 acre IOS

Address: 1605-D Genoa Red Bluff Road, Pasadena, TX 77504

Features: Fenced, gated, stabilized yard, water and power available

Close To: Ellington Field Airport and William P. Hobby Airport

Rental Rates: $0.90 /SF/YR

Info: LINK

FOR LEASE: Trevose, PA - 3.07 acre IOS

Address: 4151 E. Street Road, Trevose, PA 19053

Features: Fenced perimeter and gated access with three paved parking spaces

Close To: Trenton Mercer Airport

Rental Rates: Upon request

Info: LINK

FOR LEASE: Burlington Township, NJ - 9.9 acre IOS

Address: River Road, Burlington Township, NJ 08016

Close To: I-95

Zoning: I-2 (Heavy Industrial)

Rental Rates: Upon request

Info: LINK