IOS Daily - January 26 - IPA sells 44.67 AC Missouri warehouse and IOS portfolio

NEWS ROUNDUP

DISPOSITION: IPA sells 44.67 AC Missouri warehouse and IOS portfolio. Institutional Property Advisors (IPA) has facilitated the sale of a warehouse and IOS portfolio currently occupied by BlueLinx, a building products distribution company. Tivon Moffitt and Peter Bauman led the IPA deal team. The properties in the portfolio are:

• 13860 Corporate Woods Trail in Bridgeton, Missouri (St. Louis metro) — 235,697 SF on 24.89 AC

• 1727 Warren Street in Kansas City, Missouri — 235,922 SF on 19.78 AC

DISPOSITION: Simpson CRE sells 3.36 AC IOS in Raleigh, NC. Simpson Commercial Real Estate has facilitated the sale of 705 Beacon Lake Drive in Raleigh, North Carolina. The low-coverage property features a 22,190 SF industrial building. Wells Herndon, William Hatcher, and Carter Dickinson with Simpson CRE represented the seller in the transaction and are currently marketing the property for lease.

DISPOSITION: Marcus & Millichap sells 4.06 AC IOS in Durango, CO. The Doherty Houston Industrial Group at Marcus & Millichap has facilitated the sale of 602 Sawmill Road in Durango, Colorado. The property features an 8,000 SF facility that is currently occupied by Builders FirstSource under a short-term lease. Sharon Monagas led the Marcus & Millichap deal team.

ACQUISITION: Catalyst buys 1 AC service facility with IOS in Atlanta area. Catalyst Investment Partners has acquired 5222 Bellewood Court in Buford, Georgia. The property features an 8,000 SF facility and was 100% leased at closing. Brandon Johnson and Kyle Earley led the Catalyst deal team. Harrison Auerbach with Matthews facilitated the transaction.

LEASE SIGNED: RE/MAX Millennium Commercial leases 9.66 AC IOS in Gary, IN. The RE/MAX Millennium Commercial Group has facilitated the leasing of 3600 West Ridge Road in Gary, Indiana. The property includes a 6,384 SF industrial building and is zoned for heavy industrial. Vito Sruoga led the RE/MAX deal team.

LEASE SIGNED: Matthews leases 1.09 AC IOS in San Diego, CA, area. Matthews has facilitated the leasing of 9155 Birch Street in Spring Valley, California. The property includes a 750 SF office building. Chris Nelson and Ben Turner with Matthews represented the landlord in the transaction.

FROM OUR PARTNERS

As experienced industrial operators, we understand the dynamics of IOS. Our high-leverage financing is built for speed and flexibility, backed by a relationship-driven approach that helps investors and operators execute their business plan.

2.35 AC | Fully Paved with Concrete | Fully Fenced | 16,000 SF Truck Terminal Building with 800 SF Office, 2 Grade-Level Doors, and 16 Dock-High Doors | Excellent Connectivity to I-35 N and I-10 E

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

4.75 AC | 9,221 SF Industrial Service Building with 3 Grade-Level Doors | New Construction | 100% Leased to National Construction Tenant | Close to I-76, E-470, I-25, I-70, and Denver Intl. Airport

4.73 AC | Partially Paved | Graveled | Electric Fence with Automatic Gates | 3-Phase Power | Utilities on Site | 6,000 SF Total Building (4,800 SF Warehouse and 1,200 SF Office) | 5 Miles to I-15

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

1.1 AC | Graded, Graveled, and Secured Yard | 10,000 SF Warehouse with 500 SF Office, Drive-Thru Access, and 2 Drive-in Doors on Opposite Ends | Utilities Onsite | Close to I-95, I-495, Routes 3 and 1/9, EWR Airport, Port Newark/Elizabeth, and Manhattan via Lincoln Tunnel