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- Tuesday Trades: IOS Deals - February 11, 2025
Tuesday Trades: IOS Deals - February 11, 2025
The industrial outdoor storage (IOS) deals you need this week
When you try to mark the current tenant to market rates
YardDogs -
Welcome to this week’s edition of Tuesday Trades! This is where we feature the top industrial outdoor storage acquisitions, leases signed, and more.
In today’s email:
Transactions: This week we’re featuring acquisitions and leases across the country. Join us on this virtual road trip with stops in Nashville, Chattanooga, Dana Point, Orlando, and Jersey City.
On The Market: Don’t miss an opportunity to buy in Louisville or lease in San Antonio!
Recs: A grilled alligator sausage po’boy? Check out how much Super Bowl Concessions were this year.
CLOSED TRANSACTIONS
Acquisitions and Dispositions
ACQUISITION: Alterra IOS acquired a 3.2 acre site with 8,960 SF of building at 1231 Bridgestone Parkway, La Vergne, TN. This site is just outside of Nashville and fully leased to a national equipment rental tenant. Parker Pearson led the transaction for Alterra IOS and Dominic Sulo of Marcus & Millichap helped facilitate the deal.
ACQUISITION: COARE Industrial acquired 2549 Clark Street in Apopka, Florida in the Orlando MSA. This property features a 5,300 square foot warehouse that sits on 1.2 acres of recently graded and graveled land. The site is zoned 'I-4 Industrial District', Orange County's heaviest industrial zoning, which allows for all types of outdoor storage by-right. The COARE team was led by Stephen Barry and Hansel Rodriguez. Steven Bentolila and Simon Bentolila arranged this transaction.
The property is available for lease. All leasing inquiries should be directed to Christopher CJ Griffith, SIOR and Ryan Griffith at Lee & Associates Commercial Real Estate Services.
LEASES SIGNED
Recently Leased Properties
LEASED: Rise Brokerage leased an IOS site featuring 35,600 SF of warehouse at 2555 Cannon Ave in Chattanooga, TN. Robert Maclellan and Wilson McGinness represented the Landlord in the transaction.
LEASED: A long term ground lease of 2.6 acre outdoor storage facility was signed at 25802 Victoria Boulevard in CA. The site was leased by Chris Comfort, and there are exciting new development plans underway.
DEBT
Financing at Refinancing
REFINANCING: Emil DePasquale at Black Bear Capital Partners facilitated the refinance of 6 Linden Avenue East in Jersey City, NJ. The loan amount for the 7.4 acre property was $5,635,000.
ON THE MARKET
For Lease
FOR LEASE: 10,500 SF on 2.2 acres located in a premier infill location ideal for outdoor storage tenants is available for lease in San Antonio. The site is located on Rittiman Road next to H-E-B Manufacturing, Warehouse, & Transportation facilities and will feature a drive-thru service facility with secured yard. Reach out to Carlos Marquez or Sergio Acosta at Cushman & Wakefield (above) for more information!
ON THE MARKET
For Sale
FOR SALE:
A 7,250 SF building on 0.57 acres is available for sale in Louisville, KY! Asking price is $850,000.
Contact Stephanie Gilezan or Dylan Gilezan for more information!
RECS
Worth a Look
To advertise with IOS YardDogs (property listings, services, etc.), reach out to [email protected]
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.