IOS Daily - January 16 - APEX makes 1st acquisition with 4.6 acre IOS in Jacksonville

NEWS ROUNDUP

ACQUISITION: APEX makes 1st acquisition with 4.6 acre IOS in Jacksonville. APEX IOS has made its first acquisition with 7800 Old Kings Road in Jacksonville, Florida. The property features a 20,000 SF warehouse. Steven Bentolila with Bento Property Group and Solomon Michailow with S2 Property Group facilitated the transaction. Alex Olshansky and Steve Ruimy led the APEX team, which seeks to invest in mission-critical IOS assets across the US.

DISPOSITION: Sheehan | Schumacher sells 1.57 acre IOS in Peoria, IL, for $1.5M. The Sheehan | Schumacher Industrial Team at Rein & Grossoehme has facilitated the sale of 8607-8637 North 77th Drive in Peoria, Illinois. Jack Hansen, Max Schumacher, and Patrick Sheehan represented the seller in the transaction.

DISPOSITION: APEX Investment Property Group sells 2.39 acre IOS in Charlotte, NC. The APEX Investment Property Group has facilitated the sale of 3405 Green Park Circle in Charlotte, North Carolina. The property features 13,036 SF of industrial improvements. Jon-Michael Brock, Alex Whittemore, and Katya Mitro with the APEX Investment Property Group at Lee & Associates represented both the buyer and the seller in the transaction.

ACQUISITION: Jadian IOS buys 3.2 acre IOS in Tampa, FL. Jadian IOS has acquired 4206 North 68th Street in Tampa, Florida. The property features a 3,000 SF shop/warehouse building, plus a 2,150 SF office. Justin Fletcher, Alex Stahl, and Daniel Schuchinsky led the Jadian deal team.

ACQUISITION: Catalyst Investment Partners buys 1.6 acre IOS in Northern VA. Catalyst Investment Partners has acquired 8250 Chatsworth Drive in Manassas, Virginia. The property features a 7,249 SF service facility. Noah Goldstein and Connor Brophy led the Catalyst deal team in the transaction.

FINANCING: Alterra IOS closes $100M fund-level revolving credit facility. Alterra IOS has announced the closing of a $100M revolving credit facility with the Bank of Montreal (BMO). The initial backing for the funding is a portfolio of 27 IOS properties located in 17 states, and the funds will help Alterra continue to grow its portfolio. Scott Whittle and Kate Mooney led the Alterra deal team. The BMO team included Marty Kearney and Kim Liautaud.

3.92 AC | 2.75 Usable AC of Outdoor Storage | Fully Occupied with 2.6 Years of Lease Remaining | Graveled, Fenced, and Gated Lot | 3-Phase Heavy Power | ±6,750 SF Warehouse with 2-Story Office, 3 Drive-in Doors, and 15’ Clear Height | Close to I-80, I-355, CenterPoint Intermodal Center, BNSF Logistics Park, Union Pacific Joliet Intermodal Terminal

1 AC | 750 SF Office | Fully Paved and Fenced | Drainage in Place | Convenient Access to NW 87th Avenue and Okeechobee Road | Perfect for Outdoor Storage

10.07 AC | 100% Leased | 4.5 Usable AC | 6,250 SF Flex Building | Secure Outdoor Storage

3.5-7.25 AC | Graveled, Fenced, and Gated Yard | 3-Phase Power | Water Detention in Place | 7,625 SF Office/Warehouse Building with (6) 16’x18’ Overhead Doors | Multiple Points of Ingress and Egress | Close Proximity to I-75 and Other IOS Sites

5-22.3 AC | 9.4 AC Fully Paved and Secured with Lighting and Electric Fencing | Custom Build-to-Suit Opportunities Ranging from 5,000-30,000 SF | Close to I-70 with Direct Access to I-465, I-69, I-65, and I-74 | Heavy Industrial Zoning

For Sale and Lease | 2.4 AC | Fully Stabilized, Lit, and Fenced with Mechanical Gate Access | 57 Trailer Spaces | 2 Mobile Offices (Totaling 898 SF) | 3 Docks with 1 Ramp (Totaling 1,801 SF) | Prime Location Near World Trade Bridge and I-35