IOS Daily - May 6 - Dalfen buys 5 IOS sites on the West Coast

NEWS ROUNDUP

ACQUISITION: Dalfen buys 5 IOS sites on the West Coast. Through a venture with Centerbridge Partners, Dalfen Industrial has acquired 847-877 Industrial Parkway and 23422 Clawiter Road in Hayward, California; 12371 Los Nietos Road in Santa Fe Springs, California; 214 21st Street S.E. in Auburn, Washington; and 8328 South Tacoma Way in Lakewood, Washington. The Dalfen team includes Rich Weiss and Mike Cohen.

ACQUISITION: Triten buys 6 acre low-coverage facility in Atlanta, GA. Triten Real Estate Partners has purchased 11750 Veterans Memorial Hwy in Douglasville, Georgia, a suburb of Atlanta. The site includes a 40,000 SF building. In December, Triten acquired another Atlanta-area IOS property at 140 Herring Road in Newnan, Georgia. The Triten deal team was led by Willie Ross.

ACQUISITION: Newmark brokers sale of 5.02 acre IOS in Philly. Newmark Industrial Capital Markets represented the seller, East Capital Partners, in the sale of 2250 Church Street in Philadelphia, PA to Stockbridge. The site features a 27,250 SF truck terminal. The Newmark deal team included Ryan Guittare, Eustace Wolfington, and John Cook. The East Capital team included Drew DeWitt and David Archibald.

FUNDRAISING UPDATE: On April 19, we reported that Alterra had raised $900 million in its IOS Venture III LP fund. We now know that the fund has closed at $925 million, well above the original target of $750 million.

READ: LA zoning proposal would limit trailer parking supply… even more.

READ: Ryder opens 2nd logistics facility at U.S.-Mexico border.

FOR SALE: Cleveland, OH - 4.62 acre IOS + warehouse

Address: 8001 Old Granger Road, Cleveland, OH 44125

Features: Paved, fenced, gated, 10-year lease with United Rentals

Close To: I-480, I-271, less than 15 minutes to Downtown Cleveland

Buildings: 8,882 SF warehouse/office building

Zoning: Industrial (outdoor storage permitted by right)

Asking Price: $2,950,000

Lease: $15,935/month NNN, 2% escalations, 10 years remaining, corporate guarantee

Info: LINK

FOR SALE: Dekalb, IL - 10.34 acre IOS

Address: 2805 South 1st Street, Dekalb, IL 60115

Buildings: 6,000 SF including 1,500 SF of office space

Zoning: MC Dekalb County

Info: LINK

FOR SALE: Half Moon Bay, CA - 0.19 acre IOS

Address: 187 Airport Street, Half Moon Bay, CA 94019

Features: Fully-fenced and water connection

Close To: Airport Street, Yale Avenue, San Mateo Peninsula, and San Francisco

Zoning: W/AO/DR

Asking Price: $665,000

Info: LINK

FOR LEASE: Brooklyn, NY - 1.4 acre low-coverage industrial

Address: 643-657 Court Street, Brooklyn, NY 11231

Features: Paved, fenced, lit, drained, 3 curb cuts, 800 amps

Close To: I-278, and Hugh Carey Tunnel

Building: 5,680 SF building with 11'6"-20' ceilings (to deck), 3 drive-in doors, and 1 additional roll-up door

Zoning: M3-1

Info: LINK

FOR LEASE: Brooklyn, NY - 2.25 acre low-coverage industrial

Address: 360 Kingsland Avenue, Brooklyn, NY 11222

Features: Fully-secured, private lot with off-street loading and abundant parking

Close To: I-278

Building: 17,000 SF warehouse, 4,000 SF finished office, 18' ceilings, and multiple loading positions

Zoning: M3-1

Info: LINK

SUBLEASE: Brookville, PA - 2 acre truck parking

Address: 712 Route 1830, Brookville, PA 15825

Features: Graveled, lit yard, and tractor trailer parking

Rental Rates: Upon Request

Info: LINK