IOS Daily - March 5 - R&G sells 4.41 acre IOS in Phoenix, AZ area for $4.9M

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DISPOSITION: R&G sells 4.41 acres IOS in Phoenix, AZ area for $4,872,500. The Sheehan | Schumacher Industrial Team of Rein & Grossoehme has brokered the sale of an IOS site located at the southeast corner of 55th Avenue and Bethany Home Road in Glendale, Arizona. Max Schumacher, Patrick Sheehan, and Jack Hansen with R&G represented the seller in the transaction.

DISPOSITION: Foundry sells 2.63 acre IOS in Tampa, FL for $3.6M. Foundry Commercial has facilitated the sale of 7001 Benjamin Road in Tampa, Florida. The property features a total of 12,900 SF of indoor space. Caitlin Quinlan, Lawson Dann, and Jesse Drake with Foundry represented the seller in the transaction. Doug Wood with Wood Realty represented the buyer.

ACQUISITION: Alterra buys 2.13 acre IOS in Paulsboro, NJ. Alterra IOS has acquired 189 Dominic Lane in Paulsboro, New Jersey. The property features a 4,320 SF warehouse and is currently fully leased to a national tenant. The Alterra deal team was led by Sean Christman. Adam Deeves with Action Commercial Group facilitated the sale.

DISPOSITION: Industry sells 4.9 acre IOS in Evansville, IN. The Industry Real Estate Partners Everett & Cox IOS Team has facilitated the sale of 3401 Mount Vernon Avenue in Evansville, Indiana. The property features 17,360 SF of indoor space and is currently leased to Brickworks Supply. Peter C. Everett and Wade Cox with Industry represented the seller in the transaction.

LEASE SIGNED: Monopoly leases 2.2 acre IOS in Tampa, FL. Monopoly Group Real Estate has facilitated the leasing of 5872 Orient Road in Tampa, Florida. The property features a 5,500 SF industrial facility. Jude Corr, Phil Costa, Tyler Maxwell, and Joshua King with Monopoly represented the tenant, Drake Lawn & Pest Control, in the transaction. Lisa Ross with Cushman & Wakefield represented the landlord, Thor Equities.

READ: IOS market in Tampa — and the rest of the US — is heating up. Insights from David Hovis and Andrew Fernandez with Franklin Street.

FROM OUR PARTNERS

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3.22 AC | 8,620 SF Building + Wash Bay | 100% Leased | Fully-Fenced Yard | New Construction | Excellent Highway Accessibility

2.01 AC | 10,384 SF Office Building (Divisible into 3 Suites) | Possible Warehouse and Light Production Space | 2 Points of Entry | All Utilities to Site

17.2 AC | ±2 AC of Paved, Fenced, Lit, and Gated Parking/IOS | 59,878 SF Warehouse with 4 Dock Doors and 3 Drive-ins | 4,300 SF “Box-in-Box” Cooler Space | 14,000 Amps of Power| Close to I-95

5.5 AC Total | Current Tenant: Herc Rentals | Paved, Fenced, Lit, Secure Yard | 14,188 SF Building with 10,472 SF Shop Area and 3,712 SF Warehouse | 10,476 SF Freestanding Building | On-site Diesel Fuel Tanks | On-site Fleet Wash | Great Connectivity with Direct Access to SR-110 | Located Minutes from Long Island Expressway and Southern State Parkway

12-19 AC (Divisible) | Fencing and Lighting | 1,600 SF of Rail Siding | 2 Separate Hard-Surface Driveways | Utilities: Water, Power, and Septic | Close to I-59 | Located in Metro Chattanooga

Central FL’s Largest IOS Facility | Up to 30 AC Available | Divisible to 5 AC or More | 2,400 SF Maintenance Shop | 3,200 SF Office | 5,000 SF Shop/Office | Existing and Active Concrete Batch Plant | Rail Served | Fully Stabilized | Utilities On-site | Fully Lit | Close to I-4, Sanford, and Orlando