YardDogs -
We highlight the top industrial outdoor storage (IOS) leases and sales every week. In this edition, we cover transactions in Tampa, San Diego, Orlando and more.
In today’s email:
Transactions: Acquisitions in TX, NV, CA, GA, and NC! Plus a lease signed in TX.
Recs: GM investing $4B in 3 plants to boost U.S. production
CLOSED TRANSACTIONS
Acquisitions & Dispositions
ACQUISITIONS: Outpost announced that it has acquired four new properties in Dallas, the Inland Empire, Las Vegas, and Savannah.
The Dallas property, located at 1501 N Walton Walker Blvd, spans 27 acres and formerly served as a FedEx terminal. It features a 154-door cross-dock, a 9-bay drive-thru maintenance shop, and 7,552 square feet of office space, along with 800 demarcated parking spaces. This acquisition marks the company's fourth property in the Dallas-Fort Worth market.
The Las Vegas property, at 3950 N Bruce St in North Las Vegas, marks Outpost's first Nevada location. The 12-acre site includes a 38,000 square foot flex building with office and warehouse space and an additional 16,000 square foot industrial building, ideal for materials handling, contractors, and fleets needing warehouse space with yard access. Outpost is redeveloping the remaining acreage into secure, paved parking.
The Inland Empire location at 11081 Cherry Ave in Fontana, California, is Outpost's second yard in the region, further establishing its presence in one of the most vital logistics hubs in the country. The 4-acre property includes an 8,200 square foot cross-dock with 26 dock doors, and a 2,100 square foot maintenance facility.
The Savannah terminal, located at 116 Gulfstream Rd, is Outpost's first in Georgia and second in the Southeast. The 10-acre property is just 2 miles from the Port of Savannah, offering an ideal location for fleets looking to stage imports and exports, reduce congestion near the port, or position assets for regional distribution throughout the Southeast.
ACQUISITION: Kyle Fischer and Derick Perkins of Alpine Partners successfully brokered the sale of 111 Berry Rd in North Houston. The 21,750 SF, 4.67AC site was sold by Scarlet Capital and purchased by Avalon Motor Coaches and the site will serve as their Houston Bus Fleet service facility.
ACQUISITION: Time Equities, Inc recently acquired Mumford Industrial Park, a 9-building industrial flex park consisting of approximately 118,000 SF on 32.4 acres located in Greenville, NC. The site features outdoor storage and power availability.
ACQUISITION: Alterra Property Group recently acquired 7470 Miller Road Number 2, 1970 South Starpoint Drive & 1960 South Starpoint Drive in Houston, Texas from Old House Capital. Jack Zalta and Emil Shabot from Kassin Sabbagh Realty were the brokers on the deal.
PARTNER SPOTLIGHT
Surface Tech
Surface Tech helps IOS owners reduce CapEx and OpEx and extend the life of your biggest asset — pavement. Their tech-driven solutions are built to save you time and money over your hold period.
LEASES SIGNED
Recently Leased Properties
LEASED: National IOS leased 1005 Prosperity Way in Krugerville, TX in Prosperity Park to Ewing Outdoor Supply. Trevor Atkins at CBRE helped facilitate the deal.
New to IOS?
Start with our guide: What is Industrial Outdoor Storage?
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.