IOS Daily - July 22 - Lee & Associates sells 3.88 AC IOS in Phoenix for $8.5M

NEWS ROUNDUP

DISPOSITION: Lee & Associates sells 3.88 AC IOS in Phoenix for $8.5M. Lee & Associates has facilitated the sale of 234 East Mohave Street in Phoenix, Arizona. The property includes a 31,141 SF industrial facility. Ken McQueen, Chris McClurg, Jack Sims, and Blake Peters with Lee & Associates represented the seller, WREN Capital, in the transaction. John Stroud with Matthews represented the buyer.

DISPOSITION: Bridge Commercial sells 2.5 AC IOS in Charleston, SC for $4M. Bridge Commercial has facilitated the sale of 1647 King Street Extension in Charleston, South Carolina. The property features a 5,000 SF industrial building. The buyer was 4 Rivers Property Group, which plans to develop a 106,000 SF self-storage facility on the site. Brooks Courtney, Hagood Morrison, John Beam, and Graham Meisel with Bridge Commercial represented the seller in the transaction.

DISPOSITION: CBRE sells 7.23 AC IOS portfolio in Central FL. CBRE has facilitated the sale of 1420 Chamber Drive in Bartow, Florida, and 1925 US-17 #92 in Davenport, Florida. Combined, the 2 low-coverage properties include 2 industrial buildings totaling 23,300. Cameron Thomas, Alex Eastwood, and Jose Rivera with CBRE represented the seller in the transaction.

DISPOSITION: Entre Commercial sells 1.92 AC IOS in Chicagoland. Entre Commercial Realty has facilitated the sale of 2500 Westward Drive in Spring Grove, Illinois. The low-coverage property features 2 buildings totaling 20,500 SF. Sam Deihs and John Joyce with Entre represented the seller in the transaction. Adam Fortino with Keller Williams Commercial represented the buyer.

LEASE SIGNED: LOGIC CRE leases 12 AC IOS in Las Vegas. LOGIC Commercial Real Estate has facilitated the leasing of 4220 Donovan Way in Las Vegas, Nevada. The property includes a 1,000 SF repair shop and a 3,200 SF shop/office building. Amy Ogden, Madeline Nuha, and Michael Keating with LOGIC represented the landlord, Ogden Industrial Group, in the transaction. Tyler Ecklund with CBRE represented the tenant.

LEASE SIGNED: Lober leases spec IOS in Lakeland, FL, for Blue Steel. Lober Real Estate has represented the landlord, Blue Steel Development, in the leasing of speculative IOS space at 3939 Hamilton Road in Lakeland, Florida. The entire property totals 5.5 AC, and there is still IOS space available for lease. Devin Beeler and Robbie Lober led the Lober deal team. The Blue Steel deal team included Howard Bayless, Austin Jones, Ryan Vaught, and Matt Hubert.

IOS DEVELOPMENT FOR LEASE

7.55 AC | Fully Paved Class A Facility | Breaking Ground Soon | Potential for Additional Building | Immediately Adjacent to Highway 99

For Lease or Sale | Up to 4.08 AC: 1.18 AC with Additional 2.9 AC Site Available for Expansion | Gated | Power and Utilities on Site | 32,262 SF Warehouse with 20’ Clear Height, 5 Grade-Level Doors and 1 Dock-High Door | Close to Highway 95 and Windsor Beach State Park and Boat Launch

11.96 AC | 5.13 Improved AC | 4,862 SF Office/Warehouse Building with 4,000 SF Second-Floor Office, Bathroom, and Storage | Currently Leased to CDL Driving School Until 6/14/27 | Heavy Industrial Zoning | 1 Mile South of I-485 Exit 23 with Immediate Access to I-77 and Quick Access to I-85

6.15 AC | 4 Buildings Totaling 27,289 SF | Flexible Layout with Ample Parking, Multiple Access Points, and Strong Site Circulation | Located Just off I-14/US-190

3.98 AC | Paved and Graveled | Lit | 24,000 SF Warehouse with New Spec Office and New LED Lighting and 10 Drive-in Doors | Direct Access to Route 9, Route 35, and Garden State Parkway

5 AC | 100% Concrete and Stabilized | Fully Fenced with 3 Gated Entrances | 51,200 SF Industrial Facility | 10-Ton Crane Served | 3-Phase Power | City Utilities

10.8 AC | Fully Paved, Secured, and Lit | 34,515 SF Metal Clear-Span Building | 3,227 SF Office with Service Shop | 4 Points of Ingress and Egress | Heavy Power