In today’s email:

  • Transactions: Deals in TX, OK, FL, PA, TN, KS, CO. Leases signed in GA.

  • On The Market: 1 IOS Listing

Have active IOS listings? Send to [email protected]

CLOSED TRANSACTIONS
Acquisitions / Dispositions / Financings

DISPOSITION: Finial Group sold the Limestone Portfolio, a four-building, 86,250-square-foot industrial facility in Balch Springs, TX, to an owner-user. The portfolio spans four freestanding buildings along Limestone Drive and Allumbaugh Drive on almost nine acres, offering an outdoor storage component within the Southeast Dallas industrial submarket. The sale completes the investment cycle for Finial Group's Fund 5. Finial Group facilitated the transaction.

DISPOSITION: TruCore Industrial sold a 136,228-square-foot, two-building industrial property on 8.52 acres at 13131 Broadway Extension in Oklahoma City. The fully leased asset features roughly 86,000 square feet of outdoor storage occupied by Heritage Pool Supply, as well as space leased to Farmer Brothers. David Clary and Melissa McKenzie of Northmarq represented the seller, while David Annett of Alignment Property Advisors represented the buyer in the transaction.

DISPOSITION: An industrial flex property with outdoor parking and storage potential at 2800 Crystal Drive in Hatfield, PA, was sold on behalf of Velocity Venture Partners. Located in the Line Lexington Industrial Park, the property features additional acreage for outdoor parking and storage uses. The previous owner had plans to create an open warehouse floorplan and convert the mostly two-story office layout into an industrial flex space. Mark Pawlowski and Michael Borski, Jr. of The Flynn Company represented the seller in the transaction.

ACQUISITION: Alterra IOS acquired a fully leased industrial outdoor storage property at 5660 Universal Drive in Memphis, TN. The site features 35.2 usable acres and 33,000 square feet of building improvements with access to Interstate 55, Interstate 240, Memphis International Airport, and BNSF's Memphis intermodal yard. The transaction marks Alterra's 10th acquisition in the Memphis metropolitan area. Ben Ricketts of Colliers facilitated the transaction.

ACQUISITION: An industrial property at 2012 and 2054 S. Custer in Wichita, KS, was acquired. The property includes office and warehouse space, a crane-served building, and approximately 7 acres of secure, packed outdoor laydown yard suited for manufacturing, equipment storage, and industrial operations.

DISPOSITION: Thematic Capital Group completed the disposition of a 16,320-square-foot industrial outdoor storage property on 2.96 acres at 2032 S 51st Street in Tampa, FL, for $4.7 million. The property is located near the Port of Tampa corridor and was fully leased to United Rentals. Terminal Logistics acquired the asset. Nick Watson and Dylan Batlle of Matthews Real Estate Investment Services facilitated the transaction.

ACQUISITION: A 4,800-square-foot industrial property with outdoor storage at 4905 E 41st Avenue in Denver, CO, sold for $830,000. The sale equates to approximately $173 per square foot. Pete Foster of Madison Commercial Properties represented the buyer in the transaction.

CLOSED LEASES
Leased

LEASED: Time Manufacturing Holdings, LLC signed a long-term lease for a 28,995-square-foot industrial facility at 4410 Wendell Drive SW in Atlanta, GA. The asset, held within Finial Group's Single Tenant Industrial Aggregation Fund, includes a fenced outdoor storage component providing secure yard space. It is located in Atlanta's southwest industrial submarket. Kevin Coleman, Bubba Sasdi, and Brandon Cade of Finial Group facilitated the transaction.

MARKET NEWS
On The Market

FOR LEASE: A ±6,284-square-foot industrial warehouse and yard facility on 4.99 acres at 2060 Apopka Blvd in Apopka, FL, is available for lease. The property includes an industrial warehouse and yard space on 4.99 acres. Video of the property available here. Contact Mark Williams ([email protected]) for more information.

NEWS: Vytas Norusis (Executive Vice President & National Industrial Outdoor Storage Practice Lead at Partners Valuation Advisors) shares his thoughts on the evolving landscape of IOS financing here. As traditional mortgage structures become challenging at scale, he outlines how lenders are turning to equity-pledge financing to take security interests in portfolios.

NEWS: Newmark announced the launch of its dedicated IOS specialty practice. Led by Executive Managing Directors Adam Petrillo and Jerry Hopkins, Senior Managing Director Reid Halverson and Managing Directors Steve Korfiatis, Mike Viehmann and Cam Warren, the group is designed to provide advisory, leasing, capital markets and occupier solutions for IOS. More information here.

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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.