IOS Daily - March 23 - Millennium CRE sells 3.89 AC IOS in Colorado Springs, CO, for $5.1M

NEWS ROUNDUP

DISPOSITION: Millennium CRE sells 3.89 AC IOS in Colorado Springs, CO, for $5.1M. Millennium Commercial Real Estate has facilitated the sale of 702 Clark Place in Colorado Springs, Colorado. The low-coverage property features a 21,404 SF industrial building. Drew Dowis with Millennium CRE represented both the seller and the buyer, BEDNAD LLC, in the transaction.

ACQUISITION: Jadian IOS buys 6.9 AC IOS in Phoenix. Jadian IOS has acquired 3622 South 30th Street in Phoenix, Arizona. The property features an 18,400 SF industrial service facility. Kees t’Sas, Alex Stahl, Zachary Friedman, and Daniel Schuchinsky led the Jadian deal team in the transaction.

ACQUISITION: Alluvion Partners buys 4.52 AC IOS in Chattanooga, TN, area. Alluvion Partners has acquired 214 Industrial Park Drive in Soddy-Daisy, Tennessee. The property features a 27,257 SF warehouse building. Dean Taylor led the Alluvion Partners deal team. Jeff Howell and David DeVaney with NAI Charter facilitated the transaction and are currently marketing the property for lease.

ACQUISITION: Center Capital’s Terminal Logistics buys 4.4 AC IOS in Houston. Terminal Logistics, Center Capital Partners’ IOS platform, has acquired 13727 Reeveston Road in Houston, Texas. The property features 12,000 SF of industrial improvements. The Center Capital Partners deal team included Jeremy Cohen, Jack McNamee, Ben Miller, and Max Reiter.

ACQUISITION: Realterm buys 2.8 AC IOS in Phoenix. Realterm has acquired 3615 South 28th Street in Phoenix, Arizona. The property includes 2 maintenance facilities totaling 20,650 SF. Blair Duncan, Brendan Coleman, and Ed Brickley led the Realterm deal team in the transaction.

FINANCING: CBRE arranges refinancing for IOS portfolio across 5 states. CBRE has successfully closed a refinancing loan for a portfolio of 8 IOS properties across 5 states. The transaction featured a 58% loan-to-value, full-term interest-only structure. The CBRE deal team included Nick Santangelo, Bruce Francis, Bob Ybarra, Shaun Moothart, Doug Birrell, James Korinek, Carly Grabher, Anna Britt, Amber Coleman, Andrew Post, Matt Thorp, and Griffin Walker.

FROM OUR PARTNERS

We Ran Yards Before We Wrote Code

Rig Hut wasn't built in a lab. Our founders operated 800+ truck parking spaces in South Florida, running the same Zelle-and-spreadsheet operation most yard owners are running today.

We built Rig Hut because the tools we needed didn't exist. Payments, inventory, reporting, access control, and marketing all purpose-built for truck parking. Not repurposed from self-storage. Not a marketplace taking 20% of your revenue. Your yard. Your data. Your brand.

And we never stopped building. When an operator asks for a feature, we don't add it to a backlog. We ship it, often the same week, sometimes the same day.

For Sale and Lease | 4.52 AC | Fully Fenced | 28,863 SF Warehouse with ±3,328 SF Office and 4 Drive-in Doors | 2,000 Amps/480 Volt 3-Phase Power (TBV) | Ability to Be Rail-Served | Great Access to Santa Fe, I-25, and C-470

19.13 AC in 2 Parcels | ±53,000 SF Warehouse | Dock and Drive-in in 2 Buildings | 3-Phase Power | Gas Served | Zoning Permits Outdoor Storage | Close to I-95 and I-695 | Well Positioned in East Baltimore County

For Sale or Lease | 14.17 AC | Current Use: Fully Permitted Metal Recycling Facility (Owner Is Open to Selling Operating Company and Equipment) | Extensive Paving on Front Half of Site | Fully Fenced, Gated, and Secured | Full Camera System and Yard Lighting | DOT-Approved 100,000lb Truck Scale | ±30,000 SF Open-Air Warehouse/Processing Structure | ±2,000 SF Fully Renovated Office with Upgraded Finishes | ±1,500 SF Covered Shed and Onsite Employee Trailer | Strategically Positioned Just Minutes from I-75, US-41, and Port of Tampa

0.8-12 AC Available | Some Lots Fenced and Graveled | Electrical and Water Hookup for Each Lot | Ideal for Equipment, Construction, Trailer, and Vehicle Storage | 4.5 Miles to I-24 | 10 Minutes to Downtown Murfreesboro

3.86 AC | Fully Fenced Yard with Block Walls and Gated Access | 11,000 SF Building With 3,500 SF Office and 7,500 SF Warehouse | 3 Grade-Level Roll-up Doors | 3-Phase Power | Close to I-515 and I-215 | Zoned IL (Light Industrial) | Owner May Consider a Sale | SEE VIDEO

6 AC | Stabilized, Fully Fenced, and Lit | Offers Immediate Access to US-41, I-4, and the Selmon Expressway | 6 Miles to Port Tampa Bay and 12 Miles to Tampa Intl. Airport | Zoning: CI (Commercial Intensive)