Small Bay Daily - April 28 - KSR sells shallow bay in Atlanta metro for $10.3M

Good morning. Welcome to Small Bay List!

Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

Now, let’s get to it!

NEWS ROUNDUP

DISPOSITION: KSR sells shallow bay in Atlanta metro for $10.3M. Kassin Sabbagh Realty (KSR) has facilitated the sale of 2975 Northwoods Parkway in Norcross, Georgia. The property features an 86,000 SF industrial building. The seller was JM Warehouse, and the buyer was Foxfield LLC. Isaac Setton and David Warren led the KSR deal team.

ACQUISITION: Kidder Mathews brokers sale of Sacramento-area small bay facility for $7.5M. Kidder Mathews has facilitated the acquisition of 2660-2668 Mercantile Drive in Rancho Cordova, California. The property features 3 multi-tenant industrial buildings totaling 57,600 SF. Peter Winterling with Kidder Mathews, along with Newmark’s Louis Jones, represented the buyer in the transaction. Mike Luca and Dominic Smith with JLL represented the seller, Sunrise Business Center I LLC, in the off-market transaction.

DISPOSITION: Somerset Properties sells Georgia-area shallow bay portfolio. Somerset Properties has sold 4350 and 4570 River Green Parkway in Duluth, Georgia. The 2-building portfolio totals 90,088 SF. Somerset acquired the assets in 2022 as part of a 9-building off-market transaction. The Somserset deal team included Armen Melikian, Mark White, Jennifer Pancoast Wierman, Jim Sundahl, Bill Berry, Andrea Miller, Kathleen Hasson Christy, and Jamie Keebler.

ACQUISITION: CrestBay buys shallow bay asset in Coral Springs, FL. CrestBay has acquired 4300 Northwest 124th Avenue in Coral Springs, Florida. The property features a 30,934 SF single-tenant shallow bay facility. Jacob Rosen and Vadim Greenberg led the CrestBay deal team in the off-market transaction.

LEASE SIGNED: SVN Desert Commercial Advisors leases flex-industrial in Phoenix area. SVN Desert Commercial Advisors has facilitated the leasing of 16035 North 80th Street, Suite F, in Scottsdale, Arizona. The flex-industrial suite features 1,953 SF of industrial space. Justin Horowitz, Richard Lewis, and Sean Alderman led the SVN deal team.

FINANCING: CushWake arranges loan for spec small bay project in Twin Cities area. Cushman & Wakefield has assisted with construction financing for a Class A small-bay speculative industrial project located off I-94 in Woodbury, Minnesota. When complete, the project, I-94 & Manning Business Center, will total 125,000 SF. Adam Hoffman, Avery Ticer, and Dan Phoel with CushWake’s Capital Markets team arranged the financing on behalf of Crossroads Properties.

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SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

24,270 SF | 1.35 AC | 2 Buildings | (4) 6,000 SF Suites | Short-Term Sale-Leaseback with Mission Sales and Supply | 11 Grade-Level Doors | 1 Dock-High Door | 18’ Clear Height | New Paint and Recent Renovations to Parking Lot and Office Space

12,500 SF | 1 AC | Fully Occupied | 11 Units | Abundant On-site Parking | Proximity to Highway 7 and Dale Evans Parkway

14,400 SF | 0.54 AC | Unit Sizes Ranging Between 800-2,400 SF | 100% Leased to 17 Tenants | Concrete Block Construction | Property Manager on Site

SMALL BAY PROPERTIES FOR LEASE

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1,785-3,570 SF | 2 Units Available | Unit 3 Has Small Office and 1 Grade-Level Door | Close to I-80, I-5, Golden State Highway, and Sacramento Executive Airport

5,000 SF | New Construction | Versatile Layout | High Ceilings for Added Vertical Storage | Well-Appointed 250 SF Office Area | Excellent Location with Easy Interstate Access | Oversized Drive-in Door

9,000 SF Speculative Small Bay Flex/Warehouse Project | Demisable Down to 1,500 SF | 6 Drive-in Bay Doors | 16’ Clear Height | 28 Parking Spaces | Optional Contractor Storage or Laydown Yard Space Available | Located Just off US-301

ONE MORE THING

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