YardDogs -
We’re highlighting the top industrial outdoor storage (IOS) leases and sales every week and in this edition, we cover transactions in California, Florida, Texas and more.
In today’s email:
Transactions: Acquisitions in CA, FL (3), NY, TX (2). Lease signed in GA.
On the Market: 3 Lease Listings
Notable News: Peakstone’s IOS operating portfolio achieved 100% occupancy, with impressive re-leasing spreads
CLOSED TRANSACTIONS
Acquisitions / Dispositions / Refinancing
ACQUISITION: Morgan Stanley Real Estate Investing (MSREI), part of Morgan Stanley Investment Management, acquired a 26-acre industrial outdoor storage facility in Fontana, CA for about $92 million. The site, leased long-term under an absolute triple net structure to Oldcastle Infrastructure (a CRH plc subsidiary), has been operated by the tenant for over 30 years.
MSREI executives described the acquisition as part of their strategy to secure institutional-quality, net-leased assets in core logistics markets
ACQUISITION: A 4-acre industrial outdoor storage and warehouse property at 5256 CR 542F in Bushnell, FL sold for $2,000,000. The site includes two dock-high warehouse buildings, flexible workspaces, and proximity to I-75, offering strong connectivity across Central Florida. Engel & Völkers represented the sellers.
ACQUISITION: Cushman & Wakefield arranged a $5 million refinance for a fully leased 2.1-acre industrial outdoor storage property in Amityville, NY. The transaction was led by Brian Anderson and Eddie Miro, highlighting continued lender appetite for stabilized IOS assets in the New York metro area.
ACQUISITION: Virtue Real Estate Partners closed the sale of a two-property IOS portfolio in Houston and Tulsa totaling 52,393 square feet on 14.71 acres. The fully leased assets were sold in an off-market transaction, with Virtue representing Alterra IOS.
ACQUISITION: Bodycote Thermal Processing sold its 0.46-acre industrial property at 400 W. Fork Dr. in Arlington, TX, which includes a 5,760-square-foot building. Martin Grossman at DB2RE, alongside Newmark’s Garrett Gibbons, represented the seller in the transaction.
ACQUISITION: Industrial Storage Brokers closed the sale of Oasis RV and Boat Storage at 2005 Wells Rd. in Orange Park, FL for $2,525,000 at a 6.63% cap rate. The deal utilized seller financing to maximize the seller’s price and featured a 21-day due diligence period. Jim Blanda, Troy Veleber, and Geoffrey Grossman assisted in the transaction.
ACQUISITION: An IOS property in Winter Springs, FL sold through a 1031 exchange, with proceeds from a prior retail plaza sale used to acquire the asset. The property was purchased as an absolute net-leased investment. The transaction was led by W. Malcolm Clayton and Cameron Montgomery, with support from Terence Haynes II and Kingman Keating.
LEASES SIGNED
Recently Leased Properties
LEASED: Sto Corp. signed a long-term lease, with an option to purchase, for its new North American headquarters at 3735 Atlanta Industrial Parkway in Atlanta, GA. The 92,000-square-foot facility spans 7 acres and includes 2 acres of asphalted and fenced industrial outdoor storage. Zoned I-2 Heavy Industrial, the property was formerly used as a distribution center and soundstage. Hughes Commercial Real Estate’s Cade McDonald and Mason Marsteller represented Sto Corp. in the deal.
ON THE MARKET
For Lease
FOR LEASE: A 3.9-acre infill IOS property at 234 E. Mohave Street in Central Phoenix is available for lease. The site includes five buildings totaling 31,000 SF (with 10,000 SF of office) and an upgraded asphalt/gravel yard zoned A-1 light industrial. Conveniently located near I-17, I-10, and Sky Harbor Airport, it offers excellent functionality and access for IOS or light manufacturing users. Reach out to Max Schumacher and Jack Hansen for more info.
FOR LEASE: 3368 Moreland Avenue offers 37,000 SF of industrial space for lease on a 10.5-acre site in Atlanta. The property features expansive yard space suitable for trailer parking or outdoor storage, along with multiple drive-in bays and ample maneuvering room. Ideal for logistics, trucking, or IOS users seeking a well-located site within the Atlanta market. Reach out to Subham Nandy for more info.
FOR LEASE: ComReal is marketing a 17-acre last-mile distribution and industrial outdoor storage yard for lease at 3200 NW 67th Avenue in Miami, FL. Zoned IU-2, the site offers flexible lease terms and space starting from one acre, ideal for fleet staging, and import/export operations near Miami International Airport. Its proximity to the Palmetto and Dolphin Expressways provides excellent connectivity for logistics and cargo users. Reach out to Pat McBride and Chris Spear for more info.
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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.