Thursday Trades: Industrial Outdoor Storage Deals - March 13, 2025

CLOSED TRANSACTIONS
Acquisitions, Dispositions and Refinancing

REFINANCING: Zenith has closed a $120M refinance for two regional industrial outdoor storage portfolios covering 30 locations across the US. They partnered with Washington Capital and Justin Horowitz of Cooper Horowitz, LLC on this transaction.

ACQUISITION: Outpost closed on their first location in Nevada – 12+ acres at 3950 N. Bruce St. in North Las Vegas. The property includes 54,000 SF of buildings (including a flex building and an industrial building) and 9+ acres that they are redeveloping into secure, paved truck and trailer parking to support local truckers and blue-chip logistics operations.

ACQUISITION: John Pompay and Will Groves from Cushman and Wakefield represented the seller at 21815 N 16th St in North Phoenix. The property features 2.49 AC and has an existing building that is approximately 5,000 SF on site. This property was a prime opportunity in one of the fastest-growing industrial hubs, and sold to an owner/user for $1,750,000.

ACQUISITION: Jadian IOS is pleased to announce the closing of two industrial service facilities at 20141 W Adobe Dr and 2021 W Melinda Ln. The properties total 37,848 SF on 8.8 AC in Phoenix, AZ. Congrats to the Jadian IOS team Kees t'Sas, Alex Stahl, John Grib, and Daniel Schuchinsky and Bento Property Group’s Steven Bentolila, who helped facilitate the deal.

ACQUISITION: Richard Lea and Kieran Leay completed the sale of 2 Postley Road in Kempston, England. The property features 1.26 AC and has an existing building that is approximately 9,000 SF on site. The site was acquired on behalf of an owner occupier. Reach out to Richard and Kieran for more information.

ACQUISITION: Car Rental Consolidate Orlando LLC acquired a prime IOS property located at 7404 Narcoossee Rd for $5,750,000. The seller was Millenia Spaces LLC. Christopher CJ Griffith, SIOR and Ryan Griffith from Lee & Associates Central Florida facilitated the deal in a prime IOS market.

ON THE MARKET
For Sale

AVAILABLE: A stabilized dispatch and storage yard in Tacoma (Seattle), WA leased to a leading security fencing company on a net lease basis with 3.5% annual increases. The Property benefits from its grandfathered zoning rights allowing for graveled outdoor storage – which would not be permitted for new zoning allowances in Pierce County. Recreating this today, within the updated regulations, would incur an estimated $600K–$700K in additional development costs. The list price is $3,600,000. Please reach out to Mark Grossman and Jeff Hughes at Northmarq for more information!

LinkedIn Post: Link

Property Landing Page: Link

ON THE MARKET
AVAILABLE FOR THE FIRST TIME

AVAILABLE FOR LEASE: SECURE 6-ACRE TRAILER PARKING IN MACON, GA.

Positioned adjacent to I-75 just south of Macon, this 6-acre IOS site offers 107 parking spots with premium features designed for efficiency and security. The site boasts heavy-duty asphalt, access control at entry/exit, LED lighting throughout, and 24/7 4K high-resolution surveillance for peace of mind.

With direct access off the highway exit and shared entry with QuikTrip, this location is primed for logistics, fleet parking, or trailer storage. Available for lease at $32,500 NNN. Inquire for information about individual or bulk space leasing.

For more details, contact Andrew Vayhinger, Principal at Persica Capital at andrew@persicacapital.com or call at 678-793-1619.

RECS
Worth a Look

• Article: How Is Class B Industrial Adapting to Modern Demand?

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