IOS Daily - October 26 - Westlake Realty buys 24.48 AC IOS in Sacramento, CA, area for $10.7M

NEWS ROUNDUP 

ACQUISITION: Westlake Realty buys 24.48 AC IOS in Sacramento, CA, area for $10.7M. Westlake Realty has acquired 10547 East Stockton Boulevard in Elk Grove, California. The property features 3 industrial buildings totaling 67,881 SF, as well as 2 covered canopies. The Westlake Realty deal team included Kristina Chang, Stew Cedarleaf, Lino Campanile, and Brandon Rowell. The transaction was facilitated by Jeff Smith and George Mack with Cresa and Sean Merold, Jimmy Landis, and Mike Zimmerman with CBRE.

ACQUISITION: Transport Properties buys 12.75 AC IOS in Columbus, OH. Transport Properties has acquired 611 Marion Road in Columbus, Ohio. The property includes 11,976 SF of industrial improvements. Joe Feeney led the Transport Properties deal team. Zach Rines, Ben Johnson, and Domenic Skunda facilitated the transaction and are currently marketing the property for lease.

ACQUISITION: Terminal Logistics buys 3 AC IOS in Dallas, TX. Terminal Logistics, Center Capital Partners’ IOS platform, has acquired 4087 East Ledbetter Drive in Dallas, Texas. The property is 100% leased and includes a 3,750 SF industrial building. Jeremey Cohen, Jack McNamee, Ben Miller, and Max Reiter led the Terminal Logistics deal team.

ACQUISITION: CBRE brokers sale of 2 AC IOS in San Diego metro area. CBRE has facilitated the sale of 621-629 L Street in Chula Vista, California. The property includes an 11,700 SF industrial building. Erik Parker with CBRE represented the buyer in the transaction.

LEASE SIGNED: Colliers leases out 7.33 AC IOS in Inland Empire of CA. Colliers has facilitated the leasing of 22360 Goldencrest Drive in Moreno Valley, California. The property features a 48,960 SF industrial building. Mark Zorn, Nico Coppola, and Cory Whitman with Colliers represented the landlord, Bridge Logistics Properties (BLP), in the transaction. The BLP deal team was led by Parker Hutchison and Paul Jones.

LEASE SIGNED: Binswanger leases out 1.53 AC IOS in Philadelphia, PA. Binswanger has facilitated the leasing of 6717-21 Essington Avenue in Philadelphia, Pennsylvania. The property features a 16,913 SF industrial building. Chris Pennington and Michael Pennington led the Binswanger deal team.

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.

18.33 AC | Paved, Fenced Industrial Land in Memphis Southeast Submarket | 0.8 Miles from I-240, 2.9 Miles from I-55, 3 Miles from Memphis Intl. Airport and FedEx World Hub, and 6 Miles from BNSF Intermodal Yard | Test Fit for 250,080 SF Rear-Load Warehouse | Asking Price: $1,750,000

6.26 AC | Fully Fenced and Lit Yard | Majority Is Concrete Stabilized | I-45 Frontage | 13,536 SF of Buildings, Including 6,317 SF of Office/Showroom | 5 Access Points

3.81 AC | IH-Zoned Heavy Industrial Site | Convenient Access to US-90, I-10, and I-295 | Existing Fencing, Lighting, and Concrete Improvements | Seller Financing May Be Considered

5.86 AC | Fully Stabilized Yard - 4” Compacted RAP Millings over 6” Compacted Limestone Flex Base | Secured with 8’ Commercial Wire Mesh Fence, Motorized Gate, LED Lighting, and Cameras | Ideal for Contractor Yard, Fleet, Equipment, Trailer, and Container Storage | Outside San Antonio City Limits - No Municipal Zoning | Close to I-10 East

4.99 AC | 6,284 SF Metal Warehouse with (2) 10’x10’ Grade-Level Roll-up Doors and (1) 10’x10’ Dock-High Loading Bay | 680 SF of Office Space | 0.1 Miles from US-441 with Connectivity to FL-414, FL-429, Florida’s Turnpike, and I-4

2.83 AC | Fully Fenced and Secured with Motorized Gates | Freestanding 4,500 SF Warehouse with 16’ Clear Height and (3) 12’x12’ Drive-in Doors | Recently Renovated 1,500 SF Office plus Additional 1,100 SF Building