IOS Daily - October 2 - Institutional Property Advisors sells 23.5 AC IOS portfolio in Phoenix for $30.75M

NEWS ROUNDUP 

DISPOSITION: Institutional Property Advisors sells 23.5 AC IOS portfolio in Phoenix for $30.75M. The Institutional Property Advisors (IPA) team at Marcus & Millichap has facilitated the sale of 2 adjacent IOS assets totaling 23.5 AC in Phoenix, Arizona. Peter Bauman, Tivon Moffitt, Roman Shenkiryk, and Brett Baker led the IPA deal team.

ACQUISITION: Timber Hill Group buys 9.18 AC IOS in Houston. Timber Hill Group has acquired 5930 Winfield Road in Houston, Texas. The transaction marks the firm’s 3rd acquisition in the Houston metro area. The property features a 32,903 SF manufacturing/service facility, along with a 4,858 SF standalone office building and 5.5 AC of stabilized gravel and asphalt yard. The Timber Hill Group deal team included David Tombers.

ACQUISITION: Jadian IOS buys 17.6 AC IOS in Apex, NC. Jadian IOS has acquired 560 Pristine Water Drive in Apex, North Carolina. The property features a 26,600 SF industrial service facility. The Jadian deal team included Mason Baldwin, Alex Stahl, Nick Harris, and Daniel Schuchinsky.

DISPOSITION: Outpost Partners sells 5.01 AC IOS in San Antonio metro area. Outpost Partners has facilitated the sale of 11895 West I-10 in Marion, Texas. The property includes 10,440 SF of industrial improvements. David Durham with Outpost Partners represented the seller in the transaction. Colin McLellan, Jake Esparza, and Cullen Mills with Llano Realty Partners represented the buyer.

LEASE SIGNED: Everwood RE Partners leases out 4.75 AC IOS in Tampa, FL. Everwood Real Estate Partners has leased out 4.75 AC and 7,052 SF of building space at 14159-14201 Black Lake Road in Tampa, Florida. There are still 4.42 AC and 3,882 SF available for lease at the site. Peter Cecora and Olivia Martino with JLL have been handling the leasing efforts for the property.

LEASE SIGNED: Colliers leases 3.08 AC IOS in Charlotte, NC. Colliers has facilitated the leasing of 5923 Orr Road in Charlotte, North Carolina. The property features 12,000 SF of warehouse space and 2,900 SF of office space. Gregory Gosselin with Colliers represented the landlord, Rampart Real Estate Partners. Ben Lucas with CBRE represented the tenant.

READ: Stonelake raises $1B for fund targeting industrial real estate.

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.

NEW Asking Price: $14,900,000 | 2.55 AC | Fully Improved Truck Dealership | 3 Buildings Totaling ±26,778 SF: Building 1 - Office, Showroom with Workshop; Building 2 - Office and Carport; Building 3 - Office and Workshop | Building Rehabs Completed in 2022 and 2023 | Close to I-10 via Cherry Avenue

7.07 AC | 43,240 SF Total - 23,440 SF Warehouse with 7,650 SF Office, 11,250 SF Mechanic Shop, 900 SF Storm Shelter, and 2,800 SF Overhang Shed | 100% Leased to Tecta America (6 Years Remaining on NNN Lease) | US-69 Frontage | Asking Price: $1,900,000

4.23 AC | Location-Driven Development Opportunity | In Excess of 40,000 Vehicles Passing per Day on I-95 | Zoned IICD (Interstate Interchange Commercial District) | Strategically Located ±200 Yards from I-95 Exit 53 | Ideal for Land, Workforce Housing, Self-Storage, Commercial, Hospitality, or Industrial Use | Asking Price: $2,201,000

5+ AC — Divisible into 2-2.5 AC Pads | Build-to-Suit | Stabilized Base | Fenced and Lit | Automatic Gates | Cameras | Separately Metered for Electric | Close to Major Infrastructure Project | Heavy Industrial Zoning | Email Broker for More Info

3.2 AC | 2,500 SF Grade-Level Warehouse with (2) 14’x12’ Panel Doors and 15’ Clear Height | 3-Phase Power — 240 Volts and 400 Amps | Utilities Including Septic and City Water on Site | Zoned IW by City of St. Augustine

4.5 AC | High-Visibility, Paved Site with Phenomenal Signage Opportunities | 10,815 SF Truck Maintenance Facility with 7 Grade-Level 14’ Overhead Doors and 1 Grade-Level 8’ Overhead Door | Rare Infill Site Just Minutes from I-70, I-465, Indianapolis Intl. Airport, and Global FedEx Hub | I-4 Zoning (Allows for Outdoor Storage and Transportation Uses)