IOS Daily - October 27 - TRUX Parking buys UPTime/On the Spot Truck Parking

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NEWS ROUNDUP

ACQUISITION: TRUX Parking buys UPTime/On the Spot Truck Parking. TRUX Parking has acquired UPTime Truck Parking and On the Spot Truck Parking. The acquisition expands TRUX’s portfolio with 4 Charlotte area locations, plus facilities in the Greensboro and Matthews areas. The transaction also adds Jenna Chittick and Devon Bornschein to the TRUX team.

ACQUISITION: Jennifer Stein sells 4.86 acre IOS in Raleigh, NC for $9.025M. Jennifer Stein Real Estate Inc. has facilitated the sale of 2010 North Raleigh Boulevard in Raleigh, North Carolina. The low-coverage property features a 34,000 SF industrial building. Jennifer Stein with Jennifer Stein Real Estate Inc. represented the buyer in the transaction and was referred by Roberto Susi, Eli Sasson Bril, and Jose Sasson with Axiom Capital Advisors.

DISPOSITION: MacKenzie sells 3 acre IOS in Baltimore area for $6.4M. MacKenzie Commercial Real Estate Services has facilitated the sale of 629 South Philadelphia Boulevard in Aberdeen, Maryland. The low-coverage property features a 17,000 SF warehouse. Matthew Curran, Andrew Meeder, and Daniel Hudak with MacKenzie represented the seller, All Roads Co., in the transaction. Matt Laraway and Ridgely Bowman with CBRE represented the buyer, McClung-Logan Equipment Inc.

LEASE SIGNED: Elmwood & Co. leases 2.7 acre IOS in Savannah metro area. Elmwood & Co. has facilitated the leasing of 4 Telfair Place in Garden City, Georgia. Zachary Zakas with Elmwood & Co. represented the landlord, Elmwood Capital Group, in the transaction.

LEASE SIGNED: Lee & Associates leases IOS in San Francisco Bay Area. Lee & Associates has facilitated the leasing of a large portion of 165-185 Commerce Street in Fairfield, California. The property totals 2.18 acres. Brian Slocum with Lee & Associates represented the landlord in the transaction.

FUNDING: Meridian arranges $6M loan for industrial with IOS in Baltimore. Meridian Capital Group has sourced a $6M 5-year, fixed-rate refinance loan for 9714-9720 Pulaski Highway in Middle River, Maryland. The property features several industrial buildings plus fenced IOS space. Orrstown Bank provided the loan. Gabe Icikson led the Meridian Capital Group deal team.

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Sunstate Equipment - Sale Leaseback Portfolio (Houston & DFW) | 10-Year Absolute Triple Net Leases | Corporate Guarantee | Annual Bumps | 16450 US-380 West: 4 AC with 9,258 SF Building | 661 Frazier Commerce Drive: 4.67 AC with 15,040 SF Building | Properties Can Be Sold as Portfolio or Separately

5.02 AC | Fully Operational, Secured, and Fenced | Secured 24/7 Access | LED Lighting | Infrared Tag Readers and Cameras | 104 Truck Parking Spaces | Month-to-Month Leases | Light Industrial Zoning

For Sale and Lease | 1.3 AC | Fully Fenced, Graveled, and Lit | Fully Renovated ±800 SF Office Building with New HVAC System | 2 Large Storage Sheds ideal for Covered Material Storage | Close to I-40, I-540, I-85 and Raleigh-Durham Intl. Airport | TCC Zoning Allows for Wide Range of Uses

10 AC | Paved and Secure Trailer Staging | Parking for 100-300 Semi Trailers Available | Close to I-75, I-94, I-96, and I-275 | Rate: $150 per Trailer | Email [email protected] or Call 248-567-8021 for More Information

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

3-36 AC Available | ±21 AC Fully Improved Yard | Fenced and Secure | LED Perimeter Lighting | Can Accommodate ±873 Trailer Stalls | 8” Aggregate Ground Cover | Existing Conditional Use Permit Allows for Auto Storage, Auto Dismantling, and Auto Recycling | Zoning Allows for Outdoor Storage Uses Including Equipment and Materials Storage, Trailer Parking, Contractor Yard, Wholesale, and Heavy Manufacturing | Close to CA-125, CA-905, CA-11, I-805, and I-5