IOS Daily - May 22 - Triten buys 5 acre low-coverage site in DFW

NEWS ROUNDUP

ACQUISITION: Triten acquires 5 acre low-coverage site in DFW. Triten RE Partners has purchased 3701 Dalworth Street in Arlington, Texas. The low-coverage site includes a 54,180 SF industrial building along with 5,000 SF of office space. The property is currently leased by Sunbelt Rentals. The Triten deal team included David Shipman.

ACQUISITION: Alterra buys 10.13 acre IOS in Shakopee, MN for $6.1M. The Alterra Property Group has purchased 550 Valley Park Drive in Shakopee, Minnesota. The site previously served as Brambilla’s RV Center and features a 59,356 SF building. The sale price was $6.1 million, or $602,172 per acre.

FINANCING: pbb provides Realterm with 63M euro credit facility. Deutsche Pfandbriefbank (pbb) has provided Realterm with a pan-European credit facility of 63 million euros — roughly US$68 million. The loan is secured by Realterm’s portfolio of 14 properties in 4 European countries. This marks the 3rd loan that pbb has given Realterm in the past 18 months as the firm’s European IOS portfolio expands.

LEASE SIGNED: Colliers leases 2 IOS sites in Indianapolis, IN. A Colliers team led by Korey Ryan represented the landlord in the leasing of 2341 South West Street in Indianapolis, Indiana. The 3.5 acre IOS property includes a 3,700 building. Korey’s team also represented the landlord in leasing 3841 West Morris Street in Indianapolis. The 1.14 property includes a 12,890 SF building.

LEASE SIGNED: L&A brokers lease of 12 acre IOS in Spartanburg, SC. Lee & Associates has brokered the lease of 150 Access Road in Spartanburg, South Carolina. The property features a 25,000 SF cross-dock truck terminal and an 11,000 SF shop. The L&A deal team included Jordan Skellie, Kevin Bentley, Elledge Willis, Eric Scardo, Justin Bentley, and Jeremy McPeters.

READ: Why the opposition to EV trucks is growing (hint: infrastructure, or the lack thereof). Read this article too!

FOR SALE: Kansas City, KS - 5.68 acre IOS

Address: 1100 South 42nd Street, Kansas City, KS 66106

Features: Gaveled, fenced, and gated

Close To: I-635, I-70, Hwy 32, and BNSF Intermodal

Zoning: M3 Industrial (catering to IOS and truck parking)

Asking Price: $1,650,000

Info: LINK

FOR SALE: Ecorse, MI - 10.02 acre IOS

Address: 100 Mill Street, Ecorse, MI 48229

Features: Fully-fenced lot, truck parking available

Close To: Detroit Metropolitan Airport, Detroit City Airport

Zoning: I-1 (Light Industrial)

Asking Price: $525,000

Info: LINK

FOR SALE: Port Charlotte, FL - 9.3 acre IOS

Address: 5331-5351 Woodfield Road, Port Charlotte, FL 33981

Features: Cleared and elevated lot

Zoning: II (Light Industrial)

Asking Price: $2,800,000

Info: LINK

FOR LEASE: West Palm Beach, FL - 5.2 acre warehouse + IOS, divisible

Address: 714 25th Street, West Palm Beach, FL 33407

Features: Fenced, partially paved, divisible

Close To: 1.5 miles to Downtown West Palm Beach, I-95, PBI, Port

Building: 11,400 SF warehouse, 30' high, no columns; 19,145 SF 2-story showroom building, big roll-up doors, parking

Zoning: LI

Rental Rates: Land is $5.00/acre NNN, warehouse is $15.00/SF

Info: LINK

FOR LEASE: Dulles, VA - 1.79 acre IOS

Address: 42128 John Mosby Highway, Dulles, VA 20166

Features: Gravel lot with fenced entrance

Close To: Washington Dulles Intl. Airport

Building: 4,050 SF warehouse with dock loading and ramp, and 1,800 SF office

Zoning: PDGI (Planned Development General Industrial)

Rental Rates: $5.51/SF/year

Info: LINK

FOR LEASE: Long Beach, CA - 2.09 acre IOS

Address: 5630 Cherry Avenue, Long Beach, CA 90805

Features: 10 door open-air dock and ample trailer parking

Close To: 91, 710, and 605 freeways, Port of Long Beach, Port of Los Angeles, Long Beach-Daugherty Field Airport, Los Angeles Intl. Airport

Building: 2,000 SF office

Zoning: Industrial

Rental Rates: $9.60/SF/year

Info: David Noriega at 562-395-3229