IOS Daily - June 17 - Marcus & Millichap sells 1 AC IOS in the Bronx for $10.28M

NEWS ROUNDUP

DISPOSITION: Marcus & Millichap sells 1 AC IOS in the Bronx for $10.28M. Marcus & Millichap has facilitated the sale of 935 Garrison Avenue in New York, New York. The low-coverage property features a 9,200 SF warehouse. Jakub Nowak, Steven Siegel, and Michael Maldonado with Marcus & Millichap represented the seller and procured the buyer for the transaction.

DISPOSITION: Lee & Associates sells 3.95 AC IOS in San Diego area. Lee & Associates has facilitated the sale of 1615-1621 La Mirada Drive in San Marcos, California. The property includes several buildings totaling 9,800 SF. Chris Roth, Rusty Williams, and Jake Rubendall with Lee & Associates represented the seller in the transaction.

DISPOSITION: JLL sells 4.25 AC property with IOS in Denver for $6.5M. JLL has facilitated the sale of 3770 Joliet Street in Denver, Colorado. The property features a 24,837 SF industrial building plus 2.6 AC of IOS space. The buyer was Roofing Wholesale Co. Inc. James McGill and Christopher Schultz with JLL represented the seller in the transaction.

DISPOSITION: Corepoint RE sells 3.3 AC IOS in Chesapeake, VA. Corepoint Real Estate has facilitated the sale of 900 Business Park Drive in Chesapeake, Virginia. The low-coverage property features a 14,400 SF industrial service facility. Abe Smouha and Marc Smouha of Corepoint RE led the off-market transaction.

ACQUISITION: Alluvion Partners buys 1.33 AC IOS in Houston metro area. Alluvion Partners has acquired a low-coverage industrial property in the Houston metro area. The property features a 7,500 SF building and was leased to Hydromax USA prior to closing. Dean Taylor led the Alluvion Partners deal team. James Mashni and Patrick McKiernan with First Houston facilitated the transaction. Andrew Taguwa with JLL brought the tenant.

LEASE SIGNED: Newmark leases 2.07 AC IOS in Denver. Newmark has facilitated the leasing of 4600 Monaco Street in Denver, Colorado. The low-coverage property features a 16,858 SF building. Mike Viehmann, Michael Wafer Jr., Mike Wafer, and Reagan Todd with Newmark represented the landlord, Steel Peak Properties. Taylor Roy with Malman Real Estate represented the tenant, Decks & Doors.

READ: Interview with Zenith IOS CEO is a must-read. Commercial Observer sits down with Zenith’s Benjamin Atkins.

FROM OUR PARTNERS

For Sale and Lease | Asking Price: $2,000,000 | Rental Rate: $15,000/Mo. NNN | ±4.28 AC of Concrete and Secured Parking with Exterior Lights, Electric Plug-ins, and Cameras | ±14,000 SF Maintenance Building (Renovated in 2014) Includes New Air Make-up System, Air Lines, Cranes, Oversized Overhead Doors and Office Space | Centrally Located ±5 Miles West of I-43 and ±5 Miles East of I-41/Hwy 45

45.3 AC Site with 58,090 SF of Warehouse and Vehicle Maintenance Space | Ability for Big-Box, Small Bay, and Low-Coverage IOS Redevelopment | Immediate Access to Major Highways | 1 Hour to NJ/NY Ports

1.98 AC | 18,400 SF Truck Maintenance Facility with 1,840 SF of Office Space, Mezzanine Storage, and 9 Oversized Drive-in Doors | Fully Fenced and Partially Paved Yard | 120/208V 3-Phase Power | Excellent Access to I-76, I-270, I-70, and Denver Intl. Airport

6 AC | Roadbase, Crushed Concrete, Fencing, and Power Available | Centrally Located Among Denver, Greeley, Fort Collins, and Boulder | Located at Lighted Intersection of I-85 and County Road 6

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

4.43 AC | Milled, Fenced, and Secured | Close to NJ Turnpike, I-287, Newark Airport, and Port of Newark | SD3 (Industrial) Zoning — Permits Truck/Trailer, Van, and Car Parking and Maintenance; Heavy Equipment and Building Storage; Outdoor Storage Is Permitted by Right