YardDogs -
We’re highlighting the top industrial outdoor storage (IOS) leases and sales every week and in this edition, we cover transactions in Ohio, Texas, Tennessee, Illinois, New York, Wisconsin, and South Carolina.
In today’s email:
Transactions: Acquisitions in OH, TX, and TN! Plus leases signed in IL, NY, and WI and a loan closed in SC.
Recs: Newmark’s recent Industrial Insight highlighting IOS
CLOSED TRANSACTIONS
Acquisitions & Dispositions
ACQUISITION: 6209 Simpson Avenue in Cincinnati, OH was recently sold! SqFt Commercial facilitated the transaction. The site includes a 20,655 SF facility on approximately 3 acres, featuring expansive yard space, 137 dedicated parking stalls, secure fencing, and flexible drive-in access — ideally configured for contractor, fleet, or storage-intensive operations. The site sold for $925,000. The SqFt Commercial team includes Rod MacEachen, Roddy MacEachen, Sarah Kern, and Jared Wagoner.
ACQUISITION: Flywheel Industrial Partners announced the acquisition of a 30,000 SF industrial property in the Airport submarket of Columbus, OH. The building is fully leased to a sticky tenant at below-market rents and includes excess industrial-zoned land with future development potential.
ACQUISITION: Jadian IOS announced the closing of a 3.0-acre industrial service facility in Irving, TX. The site features 12,337 sqft on 3 acres located near I-35, DFW Airport, and Love Field Airport. The Jadian team includes Kees t'Sas, Matt Perlmutter, Alex Stahl, and Daniel Schuchinsky.
ACQUISITION: Virtue Real Estate Partners announced the successful closing of an approximately 8,000 SF service facility on 3.97 AC in Forest Hill, Texas. Virtue Real Estate Partners represented CanTex Capital in this off-market transaction. The Virtue team includes Luke Hoyl and Alex Hoyl.
ACQUISITION: Zenith acquired two IOS sites in Tennessee. In Nashville, they acquired 870 Murfreesboro Pike, a 4-acre property improved with a 6k-square-foot building leased to Maxim Crane Works. In Memphis, they acquired 3344 Cazassa Rd, a 13-acre property improved with a 54k-square-foot building leased to JIT-Express.
FINANCING
Recently Closed Loans
LOAN: Aline Capital is pleased to announce the closing of the acquisition financing of a 10,400 SF single tenant IOS property. They partnered with a new client and successfully sourced a lender with an appetite for local value-add industrial properties, funding 80% loan to cost. This 5-year loan also included 12 months of interest only payments. JD Lehman, Andrew Carter, and Scott Williams for Aline Capital helped facilitate the transaction.
LEASES SIGNED
Recently Leased Properties
LEASED: KWILL recently leased 4400 S Racine Avenue on behalf of Realterm. 4400 S Racine Avenue is located in Chicago's Stockyards' neighborhood. The building is 19,853 SF with five full-service bays, two partial bays, one wash bay, an on-site fueling system, and 6.42 total acres. Mike Hawryluk and Robert J. Russell, Jr from ICG CRE represented the tenant, Voigt Bus Service. The KWILL team was led by Matthew Knafel, John Coleman and Andrew Gerovasil.
LEASED: Turnbridge Equities and Cushman & Wakefield leased another site in Brooklyn! The site located at 2647 Stillwell Avenue featured 83,000 SF of M3-1 Zoned Land. Helen McCarthy, Paul Gurpreet, S. Gus Weaver, Joseph Hentze Jr., Amanda Gerhardt, Cory J. Paul, Ryan Nelson, and Luke Peterson helped get this deal across the finish line.
LEASED: Dayton Street Partners (DSP) announced a lease with EquipmentShare at their recently renovated, 13,455 square foot service facility on 5.4 acres in Menomonee Falls, Wisconsin. Ryan Ferris with Colliers for represented the tenant in this transaction and Roger Seigal of Dickman Real Estate represented DSP.
RECS
Article Rec
Check out Newmark’s recent Industrial Insight piece “Lots to Gain: Industrial Outdoor Storage is Outperforming Bulk Warehouse”
New to IOS?
Start with our guide: What is Industrial Outdoor Storage?
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.