IOS Daily - October 25 - Sheehan/Schumacher Industrial Team sells Arizona IOS for $4M

NEWS ROUNDUP

ACQUISITION: R&G brokers 3.26 acre IOS in Phoenix, AZ for $4M. The Sheehan | Schumacher Industrial Team of Rein & Grossoehme (R&G) has facilitated the sale of 1351 North 25th Avenue and 1350 North 24th Avenue in Phoenix, Arizona. The property features several buildings totaling 12,400 SF. The deal team of Max Schumacher, Patrick Sheehan, and Jack Hansen represented both sides of the transaction.

ACQUISITION: Catalyst buys 3.87 acre IOS in Morrisville, PA for $4.8M. Catalyst Investment Partners has acquired 1501 South Pennsylvania Avenue in Morrisville, Pennsylvania. The property features a 10,400 SF industrial service facility with 6 drive-through doors. The Catalyst deal team was led by Patrick Mullen and Connor Brophy.

DISPOSITION: CBRE sells 3.34 acre IOS in San Diego, CA for $5.2M. CBRE has facilitated the sale of 6379 Camino Maquiladora in the Otay Mesa neighborhood of San Diego, California. CBRE’s Ramin Salehi and John Smith represented both the seller, FOTINM LLC, and the seller, IDS RE Acquisitions LLC, which plans to lease the property.

LEASE SIGNED: L&A leases 1.44 acre IOS in Riverside, CA. Lee & Associates has facilitated the leasing of 12801 Magnolia Avenue in Riverside, California. Garret Gilliland with L&A represented the tenant, a company that has been in business since 1950.

LEASE SIGNED: CoreOne leases 2.2 acre IOS in Pennsauken, NJ. CoreOne Industrial has leased 9101 River Road in Pennsauken, New Jersey, to Trend Leasing South. The property features an 8,940 SF warehouse. Ian Richman and Marc Isdaner with Colliers represented CoreOne in the transaction. The CoreOne deal team included Robert DePiero and Corey Isdaner.

READ: Port of Los Angeles eyes $1T in imports.

Click on each photo for more information.

 16 AC | Fully-Leased | Recently Paved | Fenced and Gated | Immediate Proximity to Port of Baltimore | I-895 and I-95 | Maritime Industrial Zoning

2.05 AC | 13,500 SF Building | 258' of Frontage on Nicholson Drive | Asphalt/Gravel Surface Lot

4.77 AC | 2 Offices: 2,805 SF and 2,200 SF | 1,400 SF Metal Canopy | Fully-Fenced and Graveled Yard

3 AC | Close to I-85 and US 441 | Fenced With a Security Gate | Lit | Office Trailer | Repair Shop on Site

5 AC | On-Site Office Structure | Underground Drainage | Well and Septic Utilities

70-2,200 SF Yard Space | Perfect for Car/Truck Storage, Business Inventory Overflow, or Landscapers