Small Bay Daily - March 11 - Los Angeles small bay sells for $4.98M

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NEWS ROUNDUP

DISPOSITION: Small bay warehouse in Los Angeles area sells for $4.98M. PYC Commercial and Lee & Associates have facilitated the sale of 880 Columbia Street in Brea, California. The property features a 12,627 SF warehouse. Cameron Harris with Lee & Associates represented the buyer, Jesus Rodrigo Corona. Paul Yang with PYC Commercial represented the seller, Adata Technology USA Co. Ltd.

ACQUISITION: Accordia buys shallow bay portfolio in Charlotte, NC area. Accordia Realty has acquired 135-141 Cupped Oak Drive in Stallings, North Carolina. The portfolio consists of 2 multi-tenant shallow bay buildings totaling 46,400 SF. The property is currently 100% leased to 5 tenants. The Accordia deal team included Matthew Pizzolato, Ben Morganthal, Jason Bogart, Chris Hayes, and Frank Recine. Casey Mulhern with Foundry Commercial brokered the off-market deal. LaSalle Investment Management served as Accordia’s lender.

ACQUISITION: ACD buys multi-tenant small bay asset in Colorado Springs, CO. Armstrong Capital Development (ACD) has acquired 4220 Mark Dabling Boulevard in Colorado Springs, Colorado. The property includes a 47,741 SF warehouse currently leased to 2 tenants, plus 1.5 acres of enclosed industrial outdoor storage (IOS). The ACD team is led by Greg Armstrong. Michael DeSantis and Brett MacDougall with Unique Properties facilitated the sale. (If you’re interested in IOS deals and transactions, check out our sister publication IOS List.)

DISPOSITION: Newmark brokers sale of shallow bay park in Austin, TX. Newmark has facilitated the sale of 2500 US Highway 183 South in Austin, Texas, to Lightstone. The property features 7 industrial buildings totaling 123,514 SF. The Newmark deal team was led by Stephen Bailey and Joshua Villarreal. The Lightstone deal team included Jack Ford and Brian Underkofler.

LEASE SIGNED: JLL facilitates lease renewal of small bay in Los Angeles, CA. JLL has facilitated a lease renewal for 436 West Florence Avenue in Inglewood, California. The property features an 8,040 SF warehouse. Paul Sablock and Nick Sablock with JLL represented the tenant, Galleher. David Fults and Brian McLoughlin with Voit Real Estate Services represented the landlord.

LEASE SIGNED: NAI Earle Furman leases small bay space in Duncan, SC. NAI Earle Furman has facilitated the leasing of 20,000 SF of warehouse space at 106 Old Dominion Drive in Duncan, South Carolina. Grice Hunt, Clay Williams, and Will Coker with NAI represented the landlord.

SMALL BAY PROPERTIES FOR SALE

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40,296 SF Total | 30,636 SF of Warehouse Space | 9,660 SF of Office Space | 9 Units Ranging from 3,488-7,280 SF | Close Proximity to I-757, I-75, I-85, and I-20

9,488 SF | 0.52 AC | 5 Units | Boat Dock Access | Short-Term Expiring Leases | 100% Occupied

8,360 SF Total | 2 Units | 17’ Ceiling Height | 4,040 SF Mezzanine | 2 Ground-Level Roll-up Doors | Desirable, Central Location

SMALL BAY PROPERTIES FOR LEASE

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4,722 SF | 0.81 AC | 2 Drive-in Doors | 1 Dock Door | Light Industrial Zoning

33,407 SF | 2 Bay Doors | (2) 5-Ton Cranes | Fenced Outdoor Storage | 25’ Clear Height | Great Access to Hardy Toll Road, I-45, I-69, and Beltway 8

3,867-4,896 SF | 2 Spaces Available | 16’ Clear Height | Dock and Grade-Level Loading | Close Proximity to SeaTac Intl. Airport, I-5, SR-99, and SR-509

ONE MORE THING

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