In today’s email:
Transactions: Deals in OK, SC, NV, PA, CO, FL, AZ, NC, CA, TX. Leases signed in AZ, MA, NV, CA.
On The Market: 3 IOS Listings
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CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

DISPOSITION: A local developer acquired a 40.7-acre, nine-property industrial outdoor storage portfolio along 13500 S Meridian Ave in Oklahoma City, OK. The multi-tenant portfolio along the South Meridian Avenue corridor off I-44 includes industrial outdoor storage and low-coverage industrial space. Tenants include XTRA Lease, Barnhart Crane & Rigging, Wilson Trailer, Mobile Mini, Coryell Roofing, Bledsoe Truck & Trailer Repair, and Hinds Trucking. Purchase price was not disclosed. Dave Faris of SRS Capital Markets represented the seller, Garco Leasing and Garrett Properties, in the transaction.

ACQUISITION: Alterra IOS acquired a fully leased industrial outdoor storage property at 1400 Piedmont Highway in Piedmont, SC. The property features 2.2 usable acres and 9,268 SF of building improvements. Located with proximity to I-85 and I-185, the transaction marks the firm's fifth acquisition in the Greenville MSA. Michael Scarnato of JLL assisted in the transaction.

ACQUISITION: Jadian IOS acquired a 1.9-acre industrial service facility at 4500 N Walnut Rd in Las Vegas, NV. The property features a 6,050-square-foot shop with six oversized loading docks and 20-foot clear heights. Additional improvements include a fully paved yard with 2,000 square feet of covered outdoor storage and direct access to Interstate 15.

ACQUISITION: Colliers represented a private equity client in the acquisition of a 32-acre industrial outdoor storage property at 2650 Lewisberry Road in York County, PA. The fully leased asset is located along I-83 and supports transportation and logistics operations. Allie Gaeta of Colliers represented the buyer in the transaction.

ACQUISITION: An investor acquired a newly constructed ±4,960-square-foot industrial outdoor storage property on 1.4 acres at 836 Synthes Ave in Monument, CO. The stabilized property features an 8.1% coverage ratio and is fully leased under a long-term NNN lease to a growing local operator. Spencer Mason of Matthews represented the buyer in the transaction.

ACQUISITION: IG Logistics acquired a 7.14-acre industrial outdoor storage property at 7520 US 301 and 8821 Valletta Drive in Tampa, FL. The property includes two buildings totaling 19,756 SF, nine drive-in doors, and a fenced, lit, paved, and secured site with access to US-301, I-4, and I-75. 7520 US 301 is leased to Sunbelt Rentals, Inc., while 8821 Valletta Drive is available for lease. The transaction represents the buyer's first acquisition in the Tampa market.

ACQUISITION: Remter Investments, LLC acquired a ±1.28-acre contractor storage yard at Lot 3 of Ironwood Drive & Guadalupe Road in Apache Junction, AZ, for $825,000. The property was sold by New Legacy Development, LLC in an all-cash transaction. The site features a fenced yard with a security wall and gate, and will be used as a contractor storage yard. Brett Ranta of ORION Investment Real Estate represented the buyer.

ACQUISITION: Open Industrial acquired a 3.2-acre industrial outdoor storage property at 1314 E Club Blvd in Durham, NC. The property includes a 4,450-square-foot industrial building with seven grade-level roll-up doors, IL zoning, and a graveled yard. Located less than 1.5 miles from I-85, the site provides access to the Raleigh/Durham market.

ACQUISITION: An 8,500-square-foot industrial property on 1.26 acres at 8891 Railroad Ave in Santee, CA, was acquired for $5,000,000. The automotive property features eight service bays, a concrete parking lot, an unpaved yard area, clarifying systems, and a will-call and reception area. Aidan James of Inland Pacific represented both the buyer and the seller in the transaction.

ACQUISITION: CanTex Capital acquired a 14,860-square-foot industrial outdoor storage property on 2.36 acres at 2504 Minnis Drive in Haltom City, TX. The off-market site is fully secured and positioned off Highway 121 in North Fort Worth, two miles from Interstate 820 and Highway 183, and five miles from Interstate 35W. CanTex Capital is executing capital improvements on the property to prepare the site for a new tenant.

ACQUISITION: A fully leased industrial outdoor storage property in Charlotte, NC, was acquired for $4.7 million.The property includes a ±12,000 SF industrial building on 5.80 acres with a fenced and secure yard. Lee & Associates Charlotte represented both the buyer and seller in the transaction.

FINANCING: Johnson Capital arranged $2,000,000 in cash-out refinance proceeds for an industrial outdoor storage property in Pendergrass, GA. Located off I-85 in the Atlanta metro area, the site operates as a truck and trailer parking lot rented on a daily basis. Micah Look, Morgan Johnson, and Garret Billhofer of Johnson Capital arranged the financing.
CLOSED LEASES
Leased

LEASED: An industrial outdoor storage property at 21407 N 24th Ave in Phoenix, AZ, was fully leased. The site was leased across multiple lots for truck, trailer, equipment, and materials storage. Lot 1 is currently occupied on a month-to-month basis. Nikki Bagnato of eXp Commercial represented the landlord in the transaction.

LEASED: Eastern Bus Company leased industrial outdoor storage space at 151 Rivermoor Street in West Roxbury, Boston. The bus operator secured the site to maintain service continuity across Boston and inner suburbs after being displaced from its previous yard in Newton by a multifamily redevelopment. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn and Rob Byrne of CBRE represented the landlord in the transaction.

LEASED: A ±6.76-acre industrial outdoor storage facility at 6425 W. Richmar Ave in Las Vegas, NV, was leased.Located in the Southwest submarket, the fully paved and secured facility includes an ±8,579-square-foot building. Dan Doherty, Paul Sweetland, Jerry Doty, Morgan Elson, and Zach McClenahan of Colliers facilitated the transaction.

LEASED: A ±75,794 SF industrial yard at 1339 West State Street in Ontario, CA, was leased. The site was secured for the end user after identifying a property permitted for IOS by right without requiring a Conditional Use Permit (CUP). Ambient Capital Partners and LaSalle Capital were involved in the transaction. Jeff Sallen of Voit Real Estate Services represented the tenant in the transaction.
MARKET NEWS
On The Market

FOR SALE OR LEASE: A 98,317-square-foot industrial facility on 13.76 acres at 1415-1805 S Central Avenue in Marshfield, WI, is available for sale or lease. The property is listed at $5,400,000 or for lease at $5.50/SF NNN. It features a truck dealership and service facility, service bays, cranes, a parts warehouse, a body shop, and a secured outdoor yard suited for equipment storage or fleet staging. Contact Sharon Monagas([email protected]) and Michael Tomlin ([email protected]) for more information.

FOR LEASE: A ±11,200 SF warehouse and office facility on a 1.22-acre site at 4560 Wynn Road in Las Vegas, NV, is available for lease. The property features a 21% FAR, 18’ clear height, two grade-level doors, and a secured perimeter with an electric gate. It offers I-L zoning and immediate access to I-15 North & South, making it suited for contractors, equipment companies, or fleet operators. Contact Zach McClenahan ([email protected]) for more information.

FOR LEASE: Industrial Outdoor Storage opportunities with existing fleet infrastructure are increasingly difficult to find, making 5420 E 10th St a standout offering in the Kansas City market. Situated on 4.54 acres, the property features 27,481 SF across three buildings designed to accommodate fleet maintenance, contractors, automotive users, equipment rental, and industrial service operations. With 12 drive-in doors, MI-5 zoning, 18' clear heights with up to 47' in the warehouse, and expansive outdoor space for vehicle parking, equipment storage, and staging, this versatile facility delivers the functionality, flexibility, and scale today's industrial users demand. Contact Dan Damico([email protected]) for more information.
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