IOS Daily - June 24 - Zenith buys 30 AC IOS portfolio across the DFW and Tulsa, OK

NEWS ROUNDUP

ACQUISITION: Zenith buys 30 AC IOS portfolio across the DFW and Tulsa, OK. Zenith IOS has acquired a 3-property portfolio comprising roughly 30 AC and with 5 buildings totaling more than 105,000 SF. The Zenith deal team included Vinh Thai and Peter Cannon. Andrew Wiesemann with Matthews facilitated the transaction. The properties in the portfolio are:

• 1200 North Main Street in Duncanville, Texas — 14.9 AC with a 49,000 SF tilt-wall facility

• 1151 and 1201 Cantrell Sansom Road in Blue Mound, Texas — 7.5 AC with 3 buildings totaling 29,300 SF

• 15403 East Skelly Drive in Tulsa, Oklahoma — 7.6 AC with a 26,900 SF industrial facility

ACQUISITION: Sagard Real Estate and La Caisse buy 13 AC IOS in Austin, TX. The IOS joint venture between Sagard Real Estate and La Caisse has acquired Chapman 71, located at the intersection of Highway 71 and Burleson Road in Austin, Texas. The low-coverage property includes 5 buildings totaling 126,027 SF. The Sagard Real Estate deal team was led by Brett Birkeland.

ACQUISITION: Lee & Associates brokers sale of 7.1 AC IOS in Seattle metro area. Lee & Associates has facilitated the sale of 5501 184th Street East in Puyallup, Washington. Originally, a 126,000 SF warehouse was planned for the site, but the L&A team negotiated an assignment of the previous contract and assisted the buyer in acquiring the property for a truck yard facility. The L&A deal team included Andrew Hull and Scotty Rowe.

ACQUISITION: IG Logistics buys 4.1 AC IOS in Jacksonville, FL, for $3.275M. Imperium Capital’s IG Logistics has acquired 5834 Richard Street in Jacksonville, Florida. The property features a 9,693 SF industrial service facility and is fully leased to Durham School Services. The IG Logistics deal team included Thomas Mammolito, Daniel Glaser, and Sam Schneider.

ACQUISITION: Open Industrial buys 1.47 AC IOS in DC metro area. Open Industrial has acquired 4109 46th Street in Bladensburg, Maryland. The property features 2 industrial buildings totaling 16,450 SF. Rob Foa, Matt Potolicchio, and Chad Pitts led the Open Industrial deal team.

FINANCING: Cushman & Wakefield closes $7M financing for Columbus, OH, IOS. Cushman & Wakefields Institutional Equity, Debt & Structured Finance Team has facilitated a $7M loan for a 20 AC IOS asset in Columbus, Ohio, on behalf of GFH Partners and Transport Properties. Associated Bank provided the loan. Gideon Gil, Taylor Geiger, and Dale Braverman led the CushWake deal team.

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.

7.07 AC | 43,240 SF Total - 23,440 SF Warehouse with 7,650 SF Office, 11,250 SF Mechanic Shop, 900 SF Storm Shelter, and 2,800 SF Overhang Shed | 100% Leased to Tecta America (6 Years Remaining on NNN Lease) | US-69 Frontage | ASKING PRICE: $1,900,000

4.56 AC | 100% Occupied by Pacific Service Center | Fenced and Secured Yard | 36,985 SF Industrial Facility with Dock and Grade-Level Loading | Immediate Access to I-205 and Minutes from Portland Intl. Airport

1.28 AC | Existing Month-to-Month Tenant Providing Interim Income | Minutes from Miami Intl. Airport, PortMiami, FL-112, FL-836, and I-95

3.79 AC | Graveled, Lit, Fenced, and Gated Laydown Yard | 15,000 SF Clear-Span Warehouse Space with 3 Oversized Grade-Level Doors and 650 SF Built-in Office Area | Close to US-13, Greenville Bypass, I-587, and East Carolina University | ASKING RENT: $14,250/Month

5.76 AC Available | Graveled | Immediate Access to I-84 | Streamlined Ingress and Egress | Mission-Critical Location Near Micron Technology and Boise Airport

2-3.5 AC Available | Fenced and Secured Yard | Stabilized for Heavy Equipment/Parking | 660’ of Frontage on FL-7/US-441