IOS Daily - September 2 - Corepoint Real Estate brokers sale of 6 AC IOS in Atlanta metro

NEWS ROUNDUP

ACQUISITION: Corepoint Real Estate brokers sale of 6 AC IOS in Atlanta metro. Corepoint Real Estate has facilitated the sale of 3535 Best Friend Road in Doraville, Georgia. The property includes 17,700 SF of industrial improvements. The buyer was Axis Partners. Abe Smouha and Marc Smouha led the Corerpoint deal team in the off-market transaction.

DISPOSITION: Matthews sells 5.3 AC IOS in Denver metro area. Matthews has facilitated the sale of 6669 Colorado Boulevard in Commerce City, Colorado. The property features a 16,800 SF industrial building. The buyer was Steel Peak Properties. Spencer Mason and Angelo Vattano led the Matthews deal team in the off-market transaction.

DISPOSITION: Clear Height Properties sells 3 AC IOS in Chicago metro area. Clear Height Properties has completed the sale of 6401 Oakton Street in Morton Grove, Illinois. The property was acquired in 2024 by Clear Height, which repositioned it as an IOS facility with a renovated 33,225 SF warehouse. The Clear Height deal team included Kevin Bufalino. Patrick Turner and Brendan Green with Colliers represented Clear Height in the transaction. Christopher Volkert — also with Colliers — represented the buyer.

LEASE SIGNED: Kidder Mathews leases 3.57 AC IOS in Sumner, WA. Kidder Mathews has completed an 84-month lease of 1813 137th Avenue E in Sumner, Washington. The property features 16,000 SF of shop/office buildings. Matt Murray with Kidder Mathews represented the tenant, Grayhawk Construction Co. Inc., in the transaction. Thad Mallory and Morgan Richey with Newmark represented the landlord.

FINANCING: Rubicon Mortgage Fund closes $3,175,000 loan for 5 AC Bay Area IOS. Rubicon Mortgage Fund has closed an acquisition loan for a 5 AC IOS site in Antioch, California. The loan was structured as part of a reverse 1031 exchange and was cross-collateralized with a 74-unit multifamily property, a tri-plex in Alameda, and a single-family residence in San Leandro. Will Rembac led the Rubicon deal team.

PEOPLE MOVES: Outpost welcomes new Chief Investment Officer. Greg Pearson has joined the Outpost team as Chief Investment Officer. His previous experience includes serving as Managing Director with Fortress Investment Group, where he launched the firm’s industrial RE business, as well as roles with CenterPoint and Exeter. As CIO of Outpost, Greg will focus on the acquisition of IOS properties, truck terminals, and transload facilities.

FROM OUR PARTNERS

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

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

13.5 AC | Automatic Security Gates | Crushed Concrete and Gravel Surface | Full Perimeter Fencing | Heavy Industrial Zoning

20 AC | Graveled, Fenced, and Lit Yard | Video Surveillance | 120,000 SF Warehouse with Restroom, Separate Office Space, and 1 Dock/Ramp | Situated Conveniently Between CA-99 and I-5, Providing Fast, Direct Freight Access North to Sacramento/Northern CA and South to Southern CA | Asking Rent: $0.45/SF

7 AC | Cleared and Ready for IOS Use | Newly Constructed and Permitted Access Point from Cochrane Causeway | I-10 Bridge Project Proximity

1.96 AC | Paved and Fenced Industrial Yard | Additional Stabilized Storage Area | 40 Striped Parking Spaces in Place