Small Bay Daily - February 18 - Basis Industrial buys Orlando industrial portfolio for $20M

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NEWS ROUNDUP

ACQUISITION: Basis Industrial buys Orlando industrial portfolio for $20M. Basis Industrial has acquired 2400 Sand Lake Road, 8100 Chancellor Drive, and 8500 Chancellor Drive in Orlando, Florida. The portfolio features 3 shallow bay industrial buildings totaling 142,069 SF. The Basis deal team was led by Anthony Scavo. Ronald Rogg with CBRE represented the seller, B Group Capital Management, in the transaction.

ACQUISITION: M2G Ventures buys Dallas area industrial park. In partnership with Evergren Equity, M2G Ventures has acquired 1590 and 1620 East Business Highway 121 in Lewisville, Texas. The property features 6 multi-tenant industrial buildings totaling 188,00 SF. The M2G deal team included Brett Zimmerman and Jessica Miller Essl. Mac Hall with Stream Realty Partners is marketing the property for lease.

ACQUISITION: Legacy Capital Partners buys small bay park in Tampa area. Legacy Capital has acquired Stone Industrial Park, located at 6230-6232 Stone Road in Port Richey, Florida. The 3-building industrial park totals 64,466 SF, with suites ranging from 1,200 SF to 30,000 SF. The Legacy deal team was led by Jack McCunn. Robbie Lober, Jason McCormick, and Alec Seow with Lober Real Estate are currently marketing the property for lease.

ACQUISITION: APG buys midbay distribution facility in Atlanta metro area. Atlanta Property Group (APG) has acquired 4290 McEver Industrial Drive Northwest in Acworth, Georgia. The property includes a 60,000 SF distribution facility that is currently 100% leased. The APG deal team was led by Smith Haverty.

LEASE SIGNED: Newmark leases shallow bay warehouse in Avenel, NJ. Newmark has facilitated the leasing of 1C Terminal Way in Avenel, New Jersey. The property features a 40,083 SF industrial building. Michael Schipper, Haylee McCabe, and Rob Loderstedt with Newmark represented the tenant, Falcon Paper and Plastics. The landlord, Terreno Realty, was represented by Alex Brenner in the deal.

READ: Why small warehouses are getting harder to find.

PORTFOLIO OFFERING

1,950,856 SF Total | 21 Assets | 75 Tenants | Highly Attractive Secure Cash Flow with Immediate NOI Upside | Ideal Tenancy | Discount to Replacement Cost | Best-in-Class Operating Performance | Strong Market Fundamentals

SMALL BAY PROPERTIES FOR SALE

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48,360 SF | 4.9 AC | (6) 8,060 SF Suites | 6 Loading Docks | 16’ Clear Height | 100% Sprinklered | Fully Leased to 5 Tenants | No Renewal Options | Below Market Rents | Updated Office Space | Close to I-26 and I-85

84,217 SF | 7.5 AC | Fully Leased to 4 Tenants | Multiple Loading Options | Diverse Range of Flexible Suite Sizes | Above-Market Parking Ratio | Convenient Access to I-75, SR-301, and SR-40

For Sale and Lease | 30,175 SF | 1.75 AC | 24 Units | 16’-20’ Clear Heights | (24) 12’x14’ Drive-in Doors

SMALL BAY PROPERTIES FOR LEASE

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50,000 SF | 2,500 SF Office Area | 2 AC of Fenced and Paved Yard | 32’ Clear Height | 4 Dock Doors | 2 Drive-in Doors

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

Available for Sublease | 1,450 SF | 1 Grade-Level Loading Door | 20’ Clear Height | 5 Years Remaining on Master Lease

ONE MORE THING

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