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- Weekly IOS Market Moves - Nov 14
Weekly IOS Market Moves - Nov 14
The news you need this week
Market is hot - lock up IOS deals while we can!
YardDogs -
Welcome back! Here’s the business and IOS news you need to get you through this week. Today’s edition is all about the deals.
In today’s email:
Transactions: This week we’re featuring a asset portfolio acquisition as well as acquisitions in Kansas City, Colorado, and California, and a lease in Washington.
On The Market: Don’t miss a prime opportunity to buy in Lubbock, TX or Birmingham, AL, and lease in Laredo, TX or Houston, TX.
CLOSED TRANSACTIONS
Acquisitions and Dispositions
ACQUISITION: Alterra IOS acquires portfolio of 7 IOS sites totaling 23 acres. The sites are fully leased to a national leader in telecommunications and broadband networks. Each parcel is strategically located across metropolitan areas in Dallas, Minneapolis, Indianapolis, Chicago, Nashville, Cleveland, and St. Louis.
CRE Advising facilitated the acquisition of the portfolio.
ACQUISITION: Newmark Zimmer’s Graham Stark and John Faur, CCIM represented the buyer in the IOS sale of 620 S. 38th Street in Kansas City, KS. This site includes a 21,570sqft service building on 7.06 acres. Great looking site! Congrats to the team!
ACQUISITION: Congrats to the Cushman & Wakefield team on the successful closing of 11331 Dillon Road, a 27,116 SF IOS site on 5.07 acres in Broomfield, CO. Key contacts here are Matt Trone, Steve Hager and Joey Trinkle.
ACQUISITION: Miramar acquires 7191 Carroll Road, a +/- 3.6-acre IOS facility located in the Central San Diego. The low coverage site features a +/- 6,300 SF state-of-the-art cross-dock facility, with excess paved and secured yard space, located on a main thoroughfare.
Colliers Executive Vice President Evan McDonald, Senior Associate Kurtis Blanchard, and Executive Vice President Mark Lewkowitz brokered the deal on behalf of the Buyer, Miramar Acquistions, LLC, and the Seller, TFI International, resulting in a $14.6 million sale.
LEASES SIGNED
Recently Leased Properties
ON THE MARKET
For Sale
FOR SALE: Mandry Development is developing Lubbock’s newest business park, a new project full of small-scale IOS sites, featuring 100,000+ sq. ft. of industrial space available for lease or sale! Reach out to Mandry Cox for more information.
FOR SALE: 8 acre IOS site in Birmingham, AL. The site is at 3080 Lee Street, Pelham, AL 35124 with 12,915 SF metal warehouse with additional 5,000 SF covered shed. +/- 7.39 acres, 5 of which fenced, graveled and partially lit and less than 1 mile from I-65. Reach out to Jake Bottcher if interested!
ON THE MARKET
For Lease
FOR LEASE: 2.5AC IOS site available for lease in Laredo, TX. Site is located at 18701 Metropolitan Road and is a great strategic location. Reach out to Timber Hill Group for more info.
FOR LEASE: ±6.57 AC of Stabilized outdoor storage available for lease in Houston. Reach out to Jason Scholtz and Brad Beauchamp at Colliers for more information!
RECS
Worth a Look
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.