Small Bay Daily - March 10 - Decker Capital sells small bay industrial park in Jensen Beach, FL, for $25.5M

Good morning. Welcome to Small Bay List! In today’s issue, we feature Decker Capital’s latest small bay acquisition and Longleaf’s newest portfolio addition.

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: Decker Capital sells small bay industrial park in Jensen Beach, FL, for $25.5M. Decker Capital has successfully repositioned a small bay industrial park located at 779-867 Northeast Dixie Highway in Jensen Beach, Florida. The property features 13 multi-tenant buildings totaling 115,000 SF. Shane Decker and Peleg Amzalag led the Decker Capital deal team. Gregory Miller with Cushman & Wakefield represented Decker Capital in the transaction.

ACQUISITION: Longleaf Capital Partners buys industrial park in Spartanburg, SC. Longleaf Capital Partners, in partnership with ICM Asset Management, has acquired 185 Littlejohn Street in Spartanburg, South Carolina. The property features 2 Class B warehouse and distribution buildings totaling 247,341 SF. Scott Cloud and Spencer Patton led the Longleaf and ICM deal teams, respectively. Blake Snyder with Georgia Banking Co. arranged the financing. Adam Padgett and Dillon Swayngim with Colliers advised the seller in the off-market transaction.

DISPOSITION: Birtcher Anderson & Davis & ABR sell Orlando, FL, area small bay property. Birtcher Anderson & Davis (BA&D) and ABR Capital Partners have sold Aloma Commerce Center I & II, a multi-tenant industrial property located in Oviedo, Florida. The property features 5 buildings totaling 74,736 SF and was acquired in September 2022 as part of a larger portfolio. Evan Hanyak and Jeff Eales led the BA&D deal team. Robyn Hurrell with Colliers facilitated the transaction, while Ryan Griffith with Lee & Associates led the leasing efforts during the ownership period.

DISPOSITION: Clear Height Properties sells shallow bay park in Chicago area. Clear Heights Properties and partner ICP FUNDS have sold 2055 Army Trail Road in Addison, Illinois. The property features a 116,627 SF multi-tenant industrial building. The Clear Height deal team included Kevin Bufalino.

FINANCING: Emerald Creek Capital funds $7.56M acquisition loan for shallow bay asset in DC metro area. Emerald Creek has funded an acquisition loan for 4230 Forbes Boulevard in Lanham, Maryland. The property features a 55,786 SF net rentable area multi-tenant industrial building. Christian Galanti and Zvi Waldman with Emerald Creek originated the financing for the transaction.

PARTNERSHIP: BKM forms $150M partnership with TriPost Capital Partners. BKM Capital Partners has formed a strategic partnership with TriPost Capital Partners to support its national expansion in small bay industrial real estate. “TriPost’s commitment strengthens our capacity to expand thoughtfully while continuing to execute our strategy,” said Brian Malliet, Founder, CEO, and Chief Investment Officer at BKM. “[BKM’s] ability to source, operate, and reposition small-bay assets while entering new markets is exemplary,” TriPost Co-Managing Partner Brad Carroll remarked.

FROM OUR PARTNERS

SMALL BAY PROPERTIES FOR SALE

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34,000 SF | 2.74 AC | 3 Buildings | 18 Units | 7.0% Cap Rate | Grade-Level Doors | Efficient Bay Sizes | Ample Parking | Flexible Layouts | Quick Access to I-95, Downtown, and the Southside Industrial Corridor

41,000 SF | 2.82 AC | 12 Suites | Short-Term Leases with 66% Below-Market Rents | 2023 Capital Upgrades Including New TPO Roofs, Roll-up Doors, HVAC, and 100% New Interiors in 1523-1531 Central Park Drive | Direct Access to Loop 820/SH-121/SH-10 Interchange

44,000 SF | 2.5 AC | 4 Buildings | New Construction | Each Unit Features Dedicated Office Space, Restroom, and 14’x12’ Grade-Level Overhead Door | Brand-New LED Lighting | Immediate Access to I-40, I-44, and I-240

SMALL BAY PROPERTIES FOR LEASE

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30,640 SF Available | 100% HVAC | Warehouse with 3 Loading Docks | ±700 SF Office Space with 2 Offices and 2 Restrooms | 16’ Clear Height | Onsite Property Management | Heavy 3-Phase Power | Brand-New Roof and Exterior LED Lighting | Close to I-30, I-35, I-20, Loop 820, and Chisholm Trail Parkway

1,000 SF Available (242 SF of Office and 738 SF of Warehouse) | 10’x10’ Overhead Door | 12’ Ceiling Heights | 2 Designated Parking Spaces | Located Just off San Carlos Boulevard

3,000-7,000 SF Available | 18’ Clear Height | 3-Phase Power | Dock-High and Grade-Level Loading | Direct Access to S Loop 4 and Quick Access to I-35 | Purchase Opportunities Available

ONE MORE THING

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