IOS Daily - January 14 - Citywide and R&G sell 4.21 acre IOS in Phoenix, AZ, for $6.5M

NEWS ROUNDUP

DISPOSITION: Citywide and R&G sell 4.21 acre IOS in Phoenix, AZ, for $6.5M. Citywide Commercial and Rein & Grossoehme (R&G) have facilitated the sale of 30 North 56th Street in Phoenix, Arizona. The property features 6,423 SF of industrial office/shop space. Chad Neppl and Vince Utucu with Citywide represented the buyer in the transaction. Max Schumacher, Patrick Sheehan, and Jack Hansen with R&G’s Sheehan | Schumacher Industrial Team represented the seller.

DISPOSITION: Friend Commercial sells 1.76 acre IOS in DC metro for $3.6M. Friend Commercial Real Estate has facilitated the sale of 4801 Stamp Road in Temple Hills, Maryland. The property includes a 6,000 SF warehouse. Matthew Antonis and Joseph Friend with Friend Commercial represented the seller and sourced the buyer.

ACQUISITION: Alterra IOS buys 11.77 acre property with IOS in Portland, OR. Alterra IOS has acquired 13000 Whitaker Way in Portland, Oregon. The property features 10 usable acres of IOS, plus 37,930 SF of industrial improvements. Matt McNutt and Liz Scott led the Alterra deal team. Gabe Schnitzer with CBRE facilitated the transaction.

ACQUISITION: Center Capital buys 4.9 acre IOS in Tampa metro area. Center Capital Partners has acquired 13630 50th Way in Clearwater, Florida. The property includes 21,000 SF of industrial buildings. Jack McNamee, Jeremy Cohen, and Ben Miller led the Center Capital deal team.

DISPOSITION: Corepoint sells 4.89 acre IOS in Atlanta metro area. Corepoint Real Estate has facilitated the sale of 1405 Owenby Drive in Marietta, Georgia. The property features 43,044 SF of industrial improvements. Martin Cohen and Marc Smouha led the Corepoint deal team in the off-market transaction.

ACQUISITION: Open Industrial buys 8.6 acre IOS in Winchester, VA. Open Industrial has acquired 295 Front Royal Pike in Winchester, Virginia. The low-coverage property includes several buildings totaling 60,000 SF. Rob Foa, Matt Potolicchio, and Chad Pitts led the Open Industrial deal team. David Scully with Cushman & Wakefield facilitated the transaction.

FROM OUR PARTNERS

For Sale or Lease | 7.11 AC of IOS | Build-to-Suit from 5,000 SF to 100,000 SF | 1.6 Miles from I-40 | Zoning: MI (Medium Industrial, IOS Permitted)

30.3 AC | 3,000 SF Clubhouse | Good Drainage | No Restrictions | Utilities Onsite | Close to I-80/90 Ohio Turnpike, State Route 109, and Love’s Travel Center | Zoning TBD (per Intended Development Use)

10+ AC | ±30,000 SF Warehouse with Oversized Drive-in Doors | Multiple Industrial Tenants | Heavy Industrial Zoning | Close to I-95, Baltimore Port, and Major Interstates

6 AC | Stabilized, Fully Fenced, and Lit | Offers Immediate Access to US-41, I-4, and the Selmon Expressway | 6 Miles to Port Tampa Bay and 12 Miles to Tampa Intl. Airport | Zoning: CI (Commercial Intensive)

1.6 AC of Well-Located Land | 24,109 SF of Industrial Space with 9 Drive-in Doors and 18’ Clear Height | Small Office Space on Site | Located 0.7 Miles from Ramp to I-40 and 2.3 Miles from I-55 On-ramp | Rental Rate: $6/SF/YR (NNN)

5-47 AC | Build-to-Suit Opportunities Available for Facilities up to 50,000 SF or More | Immediate Access to I-465 | Zoned for Heavy Industrial Use