IOS Daily - March 19 - Lee & Associates sells 5.19 acre IOS in Orlando, FL for $5.75M

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NEWS ROUNDUP

DISPOSITION: Lee & Associates sells 5.19 acre IOS in Orlando, FL for $5.75M. Lee & Associates has facilitated the sale of 7404 Narcoossee Road in Orlando, Florida. The buyer of the property was Car Rental Consolidate Orlando LLC, and the seller was Millenia Spaces LLC. The L&A deal team was led by Christopher CJ Griffith and Ryan Griffith.

DISPOSITION: Swartz Co sells 8.37 acre IOS in Atlanta metro area for $3.85M. Swartz Co Commercial Real Estate has facilitated the sale of 601 Riverside Parkway in Austell, Georgia. The property is partially cleared and graveled. Judd Swartzberg with Swartz Co represented the seller in the transaction.

ACQUISITION: Apricus Realty Capital JV buys 11 acre IOS in Houston, TX. A joint venture (JV) between Apricus Realty Capital and ABR Capital has acquired 16736 East Hardy Road in Houston, Texas, in a sale-leaseback deal with Box Gang Manufacturing. The property features multiple industrial buildings totaling 125,075, as well as rail service. The Apricus deal team was led by Matt Haley, Garrett Marler, and Cort Martin. Nathan Mai and Carlton Anderson with Mohr Partners represented the JV in the transaction, while CW Sheehan, Peyton Ackerman, and Nate Henderson with JLL assisted with financing.

ACQUISITION: Rockbrook Equity buys 3.96 acre IOS in Fort Worth, TX. Rockbrook Equity has acquired 10301 Blue Mound Road in Fort Worth, Texas. The property features a 5,000 SF industrial building and is fully leased to drayage and logistics services provider Containerport Group Inc. The Rockbrook deal team was led by Jon Birnbrey and Cole Horowitz. 

DISPOSITION: Matthews sells 0.78 acre IOS in Phoenix, AZ area. Matthews Real Estate Investment Services has facilitated the sale of 7020 West Augusta Avenue in Glendale, Arizona. Erik Manarino with Matthews represented the seller and sourced the buyer.

LEASE SIGNED: Panther Capital Group leases 1.5 acre IOS in Orlando, FL. Panther Capital Group has facilitated a long-term lease renewal for 750 Central Florida Parkway in Orlando, Florida. The property features a 3,400 SF office, and the tenant is Gordon Food Services. The Panther deal team included Guillermo De Nicolas, Ruben Larrea, and Danielle Brennan.

FROM OUR PARTNERS

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2.508 AC | Fully Fenced Yard Area | 9,830 SF Total of Office and Shop Buildings | Located off US-77 with Quick Access to US-59, US-87, and I-69E | Leased by H&E Rentals | Rare Long-Term Absolute Triple Net Lease with Strong Rental Increases

1.7 AC | ± 8 Years Remaining on Lease | Abundant Paved Parking | Fenced Outdoor Storage | 1,938 SF 2-Story Office Building | 2,550 SF Building with 2 Bays | Highly Desirable Address Halfway Between Alpharetta and Cumming | 10 Miles to Lake Lanier

For Sale or Lease | 2.15 AC on 2 Parcels | 3,300 SF Main Building | 2,650 SF Storage Building with Grade-Level Doors | Parcels May Be Leased or Purchased Individually or as a Portfolio

11.84 AC | Fully Paved and Lit | 256 Trailer Parking Stalls and 11 Auto Parking Stalls | Located on the Centerpoint Intermodal Center Campus | Proximity to Full Interchanges at I-55/Arsenal Road, I-80/I-55, I-80/Houbolt Road, and I-80/IL-53

3 AC | Graveled and Lit | 3-Phase Power | Utilities Onsite | 40,000 SF Warehouse with (8) 12’x14’ Garage Doors and 1 Dock Door | Close to I-65

8.5 AC | Paved, Gated, and Fenced | 80,000 SF Canopies | Office with Common Area and Restroom | Close to I-75, Florida’s Turnpike, US-27, and FL-44