YardDogs -
In today’s email:
Transactions: Acquisitions in FL (3), NY, AZ and financing in NC. Leases signed in SC and FL.
On the Market: 2 listings
Recs: IOS continues to attract more institutional investment
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CLOSED TRANSACTIONS
Acquisitions / Dispositions
ACQUISITION: A 12-acre IOS property at 95–135 Hermit Smith Road in Central Florida has closed, with Dalfen Industrial acquiring the site. Lee & Associates Central Florida represented the buyer, led by Christopher C.J. Griffith, SIOR, and Ryan Griffith.
ACQUISITION: Realterm completed the acquisition of a fully leased IOS facility at 1013 Long Island Avenue in Deer Park, NY. The property offers a functional IOS layout with outdoor storage, warehouse space, and direct access to the Long Island Expressway, aligning with Realterm’s strategy of targeting supply-constrained logistics markets. The transaction was led by Stephen Panos, with advisory support from Nick Dupuis and the JLL team.
ACQUISITION: TWR Real Estate Partners has acquired a single-tenant IOS facility at 7676 N. Glen Harbor Boulevard in Glendale, AZ, in a $12.2 million transaction. The approximately 7.7-acre property features a 76,000-SF warehouse with outdoor storage, light industrial zoning, and proximity to major transportation infrastructure, including I-17 and Glendale Municipal Airport. The buyer was represented by CBRE, with DAUM Commercial Real Estate Services representing the seller.
ACQUISITION: An IOS transaction has closed at 18251 North Tamiami Trail in Fort Myers, FL, with the Tesmer Family as seller. The off-market sale was facilitated by CorePoint Real Estate. The property traded for $1.7 million and includes an approximately 8,000 SF industrial building supporting outdoor storage use.
ACQUISITION: Alterra IOS acquired 3636 Fudge Road in Apopka, FL, adding a fully leased IOS asset to its Orlando MSA portfolio. The approximately 6.9-acre property includes 16,000 SF of grade-level warehouse space and benefits from proximity to FL-429 and FL-414. The acquisition reflects Alterra’s continued focus on well-located IOS facilities in supply-constrained Central Florida markets.
FINANCING: A $14.5 million permanent IOS financing has closed in Charlotte, NC, supporting a fully occupied IOS facility. The property includes an approximately 83,600 SF building on roughly 30.9 acres, reflecting continued lender appetite for well-located, stabilized IOS assets.
LEASES SIGNED
Recently Leased Properties
LEASED: An 80,000 SF industrial lease was completed in Spartanburg, SC with TrueTimber Outdoors, Inc. as the tenant. Lee & Associates Greenville / Spartanburg represented the deal, led by Jordan Skellie, SIOR, alongside Andrew Harrill, Payton Drake, and Pamela Cocroft.
LEASED: An 89,000 SF manufacturing and distribution lease was completed in Miami Lakes, FL, with Cordis Corporation as the tenant. The long-term lease supports Cordis’ medical device manufacturing and distribution operations, reflecting continued demand for well-located industrial space in South Florida. The transaction was led by Nick Wigoda, SIOR, and Steve Mewhin, SIOR, with Stream Realty Partners representing the landlord.
ON THE MARKET
For Sale / For Lease Listings
FOR SALE: 1.7-acre net-lease property just outside the St. Louis MSA, located 11 miles from the I-270 / I-255 interchange. The site is leased to Sunbelt Rentals, a nationally recognized equipment rental operator with over 1,200 locations across the U.S. Fewer than 10 Sunbelt Rentals properties are currently available on the market, making this a rare opportunity to acquire a well-located IOS-oriented asset backed by a strong credit tenant. Reach out to Sarah Gerbick for more info.
FOR LEASE: Up to 8.82 acres of fenced, lit, and stabilized IOS space are available for lease in Plant City across multiple yard sizes. The site offers M-AP zoning with immediate availability along Lykes Road. Please reach out to Erika Thompson and Ben Ewers for more information.
RECS
Recs
IOS attracts even more institutional investment
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Disclaimer: The authors of IOS YardDogs are not finance or tax experts. We love big yards, small buildings. This email is for educational uses and is not financial / investment advice. Please conduct independent research and consult with industry professionals before making financial or investment decisions. Our content, which may contain affiliate links, is subjective and not to be used as the only basis for such decisions. We are not responsible for any losses from relying on this information.