In today’s email:

  • Transactions: Deals in FL, MN, SC, CA, TX, VA, NC, NE. Leases signed in WI, MN, FL, TX, NY, KS.

  • On The Market: 1 IOS Listing

Have active IOS listings? Send to [email protected]

CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

ACQUISITION: Thematic Capital Group acquired a 15,000-square-foot industrial property at 6040 Old Dixie Highway in Vero Beach, FL. The site is situated on 1.04 acres in Indian River County and is fully leased to QXO. Gregory Carett of Smith-CRE represented the buyer; Bernard Clevens and Benji Howard of Thematic Capital Group were involved in the transaction.

ACQUISITION: Jadian IOS acquired a 4.1-acre industrial service facility at 9188 Cottonwood Ln in Maple Grove, MN. The site features 15,150 square feet across three buildings with seven oversized drive-in doors, alongside a paved and secured yard. The property is located near I-494 and I-94.

DISPOSITION: Maull Holdings LLC sold a 1.72-acre industrial outdoor storage and flex property at 339 Fleming Road in Charleston, SC, for $3.65 million. The site features three buildings, seven tenant suites, and approximately 45 parking spaces used for boat and RV storage. The light-industrial zoned property is fully occupied and includes secure gated access. Harrison Creason, Andrew Margulies, Tyler Brown, and Cece Weiler of Marcus & Millichap represented the seller in the transaction.

ACQUISITION: Open Industrial, in a joint venture partnership with Negresco Property Group, acquired a 1.96-acre industrial outdoor storage property at 14930 S. Main Street in Gardena, CA. Located in the South Bay market less than one mile from I-110, the property features a fully improved, concrete-paved and secured yard with 53 trailer parking stalls, lighting, and perimeter fencing.

ACQUISITION: Terminal Logistics acquired a fully leased 3.0-acre industrial outdoor storage property at 4087 E Ledbetter Dr in Dallas, TX. The property features a 3,750-square-foot building with 12 dock-high doors and a fully fenced, gated, and lit yard.

ACQUISITION: Alterra IOS acquired an industrial outdoor storage property at 4300 Vawter Avenue in Richmond, VA. The site includes 3.7 usable acres and 21,647 square feet of building improvements with proximity to Interstate 95 and Interstate 64. The transaction marks the firm's sixth acquisition in the Richmond MSA. Jimmy Martin of Colliers facilitated the transaction.

ACQUISITION: A ±19,465-square-foot industrial property on ±3.03 acres at 5631 Stratum Drive in Fort Worth, TX, was acquired. The property is 100% leased. Andrew Wiesemann, Reid Roden, and Ashton Miller of Matthews Real Estate Investment Services represented the buyer in the transaction.

ACQUISITION: Anfield Capital Partners acquired three fully leased industrial outdoor storage parcels in Tallahassee, FL. The properties are situated in the path of growth on Tallahassee’s southwest side, near Capital Circle SW.

ACQUISITION: COARE Industrial acquired an industrial outdoor storage property at 321 Lane Ave N in Jacksonville, FL. The 2.87-acre site includes a 12,268-square-foot warehouse with 3,220 square feet of office space, 12 drive-through doors, and a mix of gravel and paved yard. The property is zoned IL Industrial Limited District, which permits outdoor storage by right, and was delivered leased on a short-term basis. Michael Cassidy and Eric Bumgarner of Colliers facilitated the transaction.

ACQUISITION: A 7.47-acre industrial outdoor storage site in Greensboro, NC, was acquired. The site features a 4,275-square-foot industrial building and is secured and gated. Transaction terms were not disclosed. Laythe Jadallah, Will Krickovic, and Kyle Hartman of Soholux Realty represented the buyer in the transaction.

ACQUISITION: A two-building, 8,537-square-foot industrial flex property on 3.5 acres at 109 W 34th Avenue in Bellevue, NE, sold for $1.2 million. The site is fully fenced and gated for outdoor storage, featuring a drive-through bay and 13 overhead doors. The property was acquired vacant as part of a 1031 exchange. Cori Adcock and Mo Barry of Lee & Associates represented the buyer in the transaction.

CLOSED LEASES
Leased

LEASED & DISPOSITION: CBRE facilitated three transactions totaling 21.44 acres and 65,976 square feet across Minnesota and Wisconsin, including two leases and one sale. At 2202 Vondron Road in Madison, WI, National Equipment Rental leased a 7.01-acre site featuring a 20,200-square-foot shop and warehouse. At 3303 Terminal Drive in Eagan, MN, Nova Repair leased a 6.75-acre secured yard from Outour Storage Investments. At 8600 Rendova Street NE in Circle Pines, MN, Interstate Development sold a 7.68-acre, 27,600-square-foot crossdock facility. Hunter Weir, Myles Harnden, and Jack Perrill of CBRE facilitated the transactions.

LEASED: National Rent-A-Fence leased a ±1.67-acre industrial outdoor storage yard with a 3,630-square-foot shop at 808 Northwest 12th Avenue in Pompano Beach, FL. The property features frontage on I-95 and asking rent was quoted at $5.50 per square foot NNN. Daniel Glaser is the landlord. Larry Genet, Michael Oretsky, Frankie Buffalino, and Tom O'Loughlin of CBRE represented the landlord, while Jamie Posner of eXp Realty represented the tenant.

LEASED: Imperium Capital secured leases with two Fortune 100 logistics companies totaling approximately 13 acres at 4226 E. Main St. in Grand Prairie, TX. The property offers industrial outdoor storage and truck parking. Approximately 20 acres remain available at the site. Davidson Bogel Real Estate represented the landlord in the transaction.

LEASED: EquipmentShare opened a new construction equipment rental branch on eight acres at 200 Townline Road in Kings Park, NY. The site in the Town of Smithtown serves as the company's first location covering the Long Island and New York City markets. The property features approved industrial outdoor storage along with a 1,440-square-foot office and a 3,560-square-foot shop equipped with three drive-in doors.

LEASED: An industrial property featuring warehouse, office, and outdoor storage space at 1665 S. West St. in Wichita, KS, was leased. The property offers functional industrial space combining warehouse, office, and outdoor storage. Scott Salome and Cameron Nelson of NAI Martens facilitated the transaction.

LEASED: OVPP fully leased a 6-acre industrial outdoor storage facility in the Alliance Industrial Corridor to Evans Delivery Dallas and STRTR Logistics. The property was divided into two dedicated 3-acre yards, each featuring its own access. Both tenants signed long-term leases for their respective yards. Philip Cherrick and Colt Power of Davidson Bogel Real Estate facilitated the transaction.

MARKET NEWS
On The Market

FOR SALE: A 3.6-acre industrial property at 1820 & 1824 Murphy Avenue in Atlanta, GA, is available for sale with an asking price of $3,600,000. The site features 26,156± SF across multiple industrial buildings, 13,000± SF of additional pole barn structures, and flexible outside storage opportunities across the site. Zoned Heavy Industrial (I-2), the property offers short-term rental income and flexible options for investors or single users. Two residential-zoned lots at 1132 & 1142 Birch Street are also included with the property. Contact Peyton McWhirter ([email protected]) for more information.

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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.