Small Bay Daily - December 17 - Voit brokers Anaheim, California small bay for $6.842M

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NEWS ROUNDUP

ACQUISITION: Voit brokers $6.842M sale of small bay facility in Anaheim, CA. Voit Real Estate Services has facilitated the sale of 1441 North Red Gum Street in Anaheim, California. The property features a 26,620 SF industrial building. The Voit deal team of Mike Vernick and Michael Hefner represented the buyer in the transaction.

ACQUISITION: Newmark brokers sale of light industrial portfolio in DFW area. Newmark has facilitated the sale and debt placement of Lewisville 121, located at 1590 and 1620 East State Highway 121 in Lewisville, Texas. The portfolio consists of 6 industrial buildings totaling 187,650 SF. The Newmark deal team included Stephen Bailey, Dustin Volz, Dom Espinosa, Zach Riebe, Greer Shetler, Travis McEldowney, and Caroline Wilson. The Newmark debt team included Andrew Porteous, Chris McColpin, Josh Francis, and Hunter Habash.

ACQUISITION: Orlando Industrial brokers sale of Orlando area shallow bay site. Orlando Industrial Real Estate has facilitated the sale of 2001 Rock Springs Road in Apopka, Florida. The 9 acre property features several buildings totaling 24,780 SF. The Orlando Industrial deal team of Connor Shimmel and Nick Bond represented the buyer in the transaction. Matthew Crady with Jeremiah Baron & Co. represented the seller.

LEASE SIGNED: Levy leases small bay warehouse in Fort Lauderdale area. Levy Realty Advisors has facilitated a 5-year lease for 3200-B Northeast 5th Avenue in Oakland Park, Florida. The property consists of a 6,134 SF warehouse. The Levy deal team was led by Angie Weaver.

FUNDING: BKM recaps 3 small bay parks in San Diego, CA for $76.9M. BKM Capital Partners has recapitalized 3 San Diego properties from its BKM Industrial Value Fund II for $76.9 million. BKM acquired the properties from Stockbridge Capital Group in 2018. The BKM leadership team includes Brian Malliet and Brett Turner. The properties total 342,073 SF and are located at:

• Borderpoint Business Park at 6754, 6774, and 6794 Calle de Linea — 173,330 SF

• Otay Crossing Business Park at 2340 Enrico Fermi Drive and 10025 Siempre Viva Road — 64,833 SF

• Otay Distribution Center at 6987 and 6995 Calle de Linea — 103,910 SF

LISTEN: Why self-storage investors are discovering small bay industrial. In the December 10 episode of The Storage Investor Show, host Kris Bennett discusses small bay industrial with Cody Payne of Colliers.

SMALL BAY PROPERTIES FOR SALE

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15,180 SF | 1.18 AC | (4) 1,900-5,000 SF Suites | 100% Leased | 9 Grade-Level Doors

270,335 SF | 9.27 AC | Oversized Grade-Level Doors | 18’-20’ Clear Heights

3,720 SF | 0.14 AC | 2 Bays of Equal Size | 3 Drive-in Doors

SMALL BAY PROPERTIES FOR LEASE

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15,600 SF | 18’ Clear Height | Fully Insulated Warehouse | Fenced and Gated | (6) 12’x14’ Grade-Level Doors | Great Access to Tomball Parkway and Beltway 8

1,600-12,000 SF | 18 Suites Available | 16’ Clear Height | 18 Grade-Level Doors | 3-Phase Power | Close to I-270, John Glenn Intl. Airport, and Downtown Columbus

5,884-11,789 SF | 1 Shared Dock Well | 12’x’14’ Grade-Level Doors | Quick Access to I-15 and SR-201

ONE MORE THING

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