IOS Daily - March 14 - Priority closes $21.5M bridge loan for 2.87 acre IOS in Austin, TX

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NEWS ROUNDUP

FUNDING: Priority closes $21.5M bridge loan for 2.87 acre IOS in Austin, TX. Priority Capital Advisory has facilitated a bridge loan for IOS space at 5001 East Ben White Boulevard in Austin, Texas. The lender was EastWest Bank. Zachary Streit with Priority brokered the loan for a PlaceMKR deal team led by Christopher Cortese and Jesse Weber.

DISPOSITION: CushWake sells 2.5 acre IOS in Phoenix, AZ for $1.715M. Cushman & Wakefield has facilitated the sale of 21815 North 16th Street in Phoenix, Arizona. The property features a 5,000 SF concrete pad with a steel canopy. The CushWake deal team was led by John Pompay and Will Groves.

ACQUISITION: Alterra buys 5.58 acre low-coverage site in Phoenix, AZ area. Alterra IOS has acquired 617-645 West Main Street in Mesa, Arizona. The property features 34,225 SF of building improvements and is currently leased to a national tenant. The Alterra deal team was led by Matt McNutt and Morgan Specht. Brandon Kramer and Maxwell Rist with Marcus & Millichap facilitated the sale.

ACQUISITION: Triten buys 14.8 acre IOS in Kansas City, KS. Triten Real Estate Partners has acquired 1134 South 12th Street in Kansas City, Kansas. The property features a 26,931 SF office and maintenance facility. The Triten deal team was led by Keith Gabrielson. Andrew Fischer and Henry Weiler with Fischer Weiler Industrial facilitated the off-market transaction.

LEASE SIGNED: CushWake leases 6 acre IOS in Denver, CO. Cushman & Wakefield has facilitated the leasing of 409 West 66th Way in Denver, Colorado. The property includes a 10,570 SF industrial building. Matt Trone, Steve Hager, and Joey Trinkle with CushWake represented the landlord, Imperium Capital, in the transaction.

LEASE SIGNED: SVN leases 2 acre IOS in the Nashville, TN metro area. SVN has facilitated a 3-year lease for 3108 Blevins Road in Whites Creek, Tennessee. The new tenant is Roy Jorgensen Associates Inc. Matthew Graves led the SVN deal team.

Click on each photo for more information.

0.94 AC | 6,540 SF | 4 Units | 100% Occupied | Fully Fenced | Easy Access to I-25

9.17 AC | 18,408 SF | Leased to EquipmentShare Through 01/05/2034 | 6.25% Cap Rate | 4.00% Annual Rent Bump | Renovated in 2024 | Easy Access to I-91

1.11 AC | 1,491 SF | Large Fenced Yard Area | M1 Zoning | Ideal Contractor Yard

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

5.5 AC | 6,884 SF Building with 800 SF Office | 5 Large Grade-Level Doors | 100% Stabilized | Fenced, Paved, and Lit | Automatic Electric Gate | 3-Phase Power | Covered Parking | Direct Visibility on SR-429

1-8 AC | Access to US-30, Aberg Avenue, and Commercial Avenue | IL Zoning | Can Be Combined with 32,000-230,000 SF of Warehouse Space