IOS Daily - October 14 - Dayton Street Partners buys 23.5 AC IOS portfolio in Phoenix

NEWS ROUNDUP 

ACQUISITION: Dayton Street Partners buys 23.5 AC IOS portfolio in Phoenix. Dayton Street Partners (DSP) has acquired 425 South 67th Avenue and 6602 West Grant Place in Phoenix, Arizona. The portfolio features 2 adjacent single-tenant NNN IOS assets totaling 23.5 AC. Jeremy Scheck led the DSP deal team. Peter Bauman, Tivon Moffitt, Roman Shenkiryk, and Brett Baker with Institutional Property Advisors facilitated the transaction.

DISPOSITION: Colliers sells 21.34 IOS asset in Los Angeles area. Colliers has facilitated the sale of 12903 Lakeland Road in Santa Fe Springs, California. The property features a 102,369 SF cross-dock facility and is fully leased to XPO Inc. The buyer was Bridge Logistics Properties, led by Paul Jones and Grant Moore. Jace Gan and Clyde Stauff with Colliers facilitated the off-market transaction.

ACQUISITION: APEX IOS buys 5.7 AC IOS in Oklahoma City. APEX IOS has acquired 9601 West Reno Avenue in Oklahoma City, Oklahoma. The low-coverage property features an 11,600 SF warehouse. Alex Olshansky, Steve Ruimy, and David Hovis led the APEX IOS deal team. Joe Summers with CBRE facilitated the transaction.

ACQUISITION: TRX IOS buys 4.46 AC IOS in Boise, ID. TRX IOS has acquired 3208 Amity Road in Boise, Idaho. The property includes a 40,000 SF drive-through bay building. Brian Mitchell led the TRX IOS deal team. Michael McNeight with Colliers represented TRX IOS in the transaction, while Gavin Phillips with TOK Commercial represented the seller.

DISPOSITION: Colliers sells 3.72 AC IOS in Denver. Colliers has facilitated the sale of 3975 York Street in Denver, Colorado. The low-coverage property includes a 21,683 SF industrial building. TJ Smith, Nick Rice, Brad Calbert, and Nicholas Nasharr with Colliers represented the sellers in the transaction. Mark Vanis, Jon Reno, Patrick Stark, Christopher Schultz, and James McGill with JLL represented the buyers.

LEASE SIGNED: Lee & Associates leases 5.86 AC IOS in Fort Worth, TX. Lee & Associates has facilitated the leasing of 2901 Highway 114 in Fort Worth, Texas. The former batch plant site is now leased to 2 long-term IOS tenants. Aaron Schulle with Lee & Associates represented the landlord, SRM Concrete, in the transactions. Jimmy Holcomb with Rich Young Co. represented the 2nd tenant that completed the property’s lease-up.

FROM OUR PARTNERS

As experienced industrial operators, we understand the dynamics of IOS. Our high-leverage financing is built for speed and flexibility, backed by a relationship-driven approach that helps investors and operators execute their business plan.

10.5 AC | Fenced Storage Yard with 600’+ of Freeway Frontage | Water and Electricity Onsite | Sale-Leaseback Option | 10,000 SF Metal Building | Small Office and Several Trailers | ASKING PRICE: $4,999,500

FOR SALE OR LEASE | 5.74 AC (Divisible for Lease) | Fully Fenced with Secure Gate and Graveled Parking Area | Located Directly off I-40 Ramp | 3 Miles From Downtown Greensboro and 3 Miles from I-865 | Build-to-Suit Is Also Possible | ASKING PRICE: $4,770,000 | LEASE RATE: $5,250/AC/Mo. (NNN)

9.92 AC | Graveled, Lit, Fenced, and Gated | Utilities on Site | 1,000 SF Office Building | Long-Term Tenant at Below-Market Lease Rate | NOI Increase 12/26 | Close to I-10, I-310, and New Orleans Intl. Airport | ASKING PRICE: $3,900,000

8 AC | Built in 2023 | 3 Structures: 2,500 SF Office, 5,500 SF Warehouse with 4 Grade-Level Overhead Doors, and 2,500 SF Powered Service Canopy | Fully Secured and Lit | Heavy-Duty Gravel and Paved Surfaces | Ideal for Fleet Parking, Equipment Storage, or Contractor Yards | Professionally Owned and Managed by Interchange Industrial Properties | Minutes to I-4 | Centrally Located to Service Tampa, Lakeland, and Orlando Markets

2.38 AC | Completely Leveled, Packed, and Stabilized (Not Gravel) | Approved Blueprints Are Ready Onsite for a Small Fleet Office or Maintenance Warehouse Layout If a Build-to-Suit Option Is Desired | Brand-New Perimeter Fencing | Automated Electronic Gate Access | Full-Perimeter LED Lighting | Excellent Drainage | Easy Ingress/Egress for 53’ Trailers | Directly off I-94| Minutes from I-65, I-90, and Major Chicagoland Freight Corridors

12.7 AC | Spec Development | New Construction | 3-Phase Power | Utilities Onsite | Secure | Pavement/Gravel | 7,700 SF Shop/Office Building with 1,200 SF Office, 3 Drive-thru Bays, (6) 16’×14’ Grade-Level Doors, and 18’ Clear Height | Industrial Research Zoning | 2.3 Miles from Spur 408, 1.9 Miles from Loop 12, and 2.2 Miles from I-20 | Asking Rent: $7,000-7,500/AC/Mo. NNN