IOS Daily - March 21 - Piedmont sells 4.74 acre IOS in Jacksonville, FL for $2.5M

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NEWS ROUNDUP

DISPOSITION: Piedmont sells 4.74 acre IOS in Jacksonville for $2.5M. Piedmont Properties has facilitated the sale of 1133 Baisden Road in Jacksonville, Florida. The property includes a 9,680 SF maintenance facility. Lester Osborn with Piedmont represented the buyer, Outour Storage Investments, in the transaction. Piedmont’s Christian Samartino represented the seller, Baisden Properties LLC.

ACQUISITION: Action sells 1.07 acre IOS in Philadelphia area for $1.1M. Action Commercial Group has facilitated the short-term sale-leaseback of 1560 South Pennsylvania Avenue in Morrisville, Pennsylvania. The property features a 6,000 SF shop building. Adam Deeves with Action represented the buyer and was the only broker involved in the transaction.

DISPOSITION: Lift Partners sells 9.29 acre IOS portfolio in Seattle, WA area. Lift Partners has closed on the sale of 26620 and 26330 79th Avenue South and 7915 South 261st Street in Kent, Washington. The 2-property portfolio totals 9.29 acres. The Lift team is led by Patrick Fisher and Michael Murray. Ryan Sitov and Melinda Marino with JLL and Taylor Hoff and Thad Mallory with Newmark facilitated the transaction.

DISPOSITION: Turcotte sells portfolio of 6 IOS properties in San Antonio, TX. Turcotte Real Estate Services has brokered the sale of 6 fully-leased IOS facilities located near the intersection of I-10E and SE Loop 410 in San Antonio, Texas. William Holder with Turcotte represented the seller in the transaction. The properties in the portfolio are:

• 2035 Ackerman Road — leased to Milestone Trailer Leasing

• 5895 Bicentennial Street — leased to OTR Fleet Services

• 5903 Bicentennial Street — leased to RUAN Transport

• 5919 Bicentennial Street — leased to Lone Star Truck and Equipment

• 1330 Seaboard Drive — leased to Penske Logistics

• 302 Springfield Road — leased to Chevron USA

LEASE SIGNED: Blau & Berg leases 4.35 acre IOS in Newark, NJ area. The Blau & Berg Co. has facilitated the leasing of 614 New County Road in Secaucus, New Jersey. The property features a 17,104 SF truck maintenance facility. The new tenant is Global Truck Repair. The Blau & Berg deal team was led by Jason Crimmins.

READ: Charlotte, NC rolls out truck parking app.

FROM OUR PARTNERS

Click on each photo for more information.

For Sale and Lease | 600+ AC | 180 MW of Power Available | Outside Storage Zoning | Surplus Land Available | Direct Access to Hamilton Harbour | On-site Rail Network Connected to a CN Main Line

0.87 AC | 6,000 SF Warehouse | 17’-19’ Ceiling Heights | (2) 14’x14’ Overhead Doors, (1) 12’x14’ Overhead Door, and (1) 10’x12’ Overhead Door | Fully-Fenced Yard Area | 3-Phase Power

2.57 AC | 15-Year Sale-Leaseback | 4,712 SF of Industrial Buildings | 6.20% Cap Rate | 1.75% Annual Rent Increases | No Landlord Responsibilities

14.48 AC | 35,985 SF Dry Storage Warehouse | 18,887 SF Canopy and 4,131 SF Canopy | 696 SF Detail Shop | Fenced and Secured | 3,000 Parking Stalls

18 AC | Partially Paved | Fenced and Secured | Owner Willing to Demise Down to 3 AC | Excellent Access to I-5, the Port of Seattle, and SeaTac Airport

Truck Parking | 7.69 AC Site with Zoning Approvals | 3,000 SF Office with Commercial Bathrooms | Close to NJ Turnpike; I-295; Routes 40, 48, 130, and 322; Delaware Memorial Bridge; and Port of Wilmington, DE