Small Bay Daily - March 6 - Paramount Properties sells Long Island warehouse for $6.4M

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NEWS ROUNDUP

DISPOSITION: Paramount Properties sells Long Island warehouse for $6.4M. Paramount Properties has brokered the sale of 215 Buffalo Avenue in Freeport, New York. The property features a 31,006 SF warehouse on 1.1 acres. Gary J. Chimeri and Mike Berndt with Paramount Properties represented the seller, Kim Volman. Matthew Balzano with Schacker Real Estate and David Rotter with Rotter Realty Corp. represented the buyer, Kevin Wu.

DISPOSITION: Major Properties sells small bay warehouse in LA for $5.05M. Major Properties has facilitated the sale of 1710 West Cordova Street in Los Angeles, California. The property includes a 20,600 SF warehouse. Bradley Luster with Major Properties represented the seller in the transaction.

ACQUISITION: Victory/Matterhorn JV buys small bay facility in Dallas, TX area. A joint venture (JV) between Victory Ventures and Matterhorn Venture Partners has acquired 1208-1216 Tappan Circle in Carrollton, Texas. The property features a 22,500 SF multi-tenant facility. Tina Ramos and Scott McKibben led the Matterhorn deal team, while Logan Lubke and Casey Griffis led the Victory deal team.

ACQUISITION: WareSpace buys multi-tenant warehouse in DC metro area. WareSpace has acquired 3342 Bladensburg Road in Brentwood, Maryland. The property features an 80,569 SF multi-story, multi-tenant warehouse just blocks from the MD/DC line. The WareSpace deal team included Jeff Jenkins, Jeffrey Giese, Joseph F. Ely, and Levi Cohen. Benjamin McCarty and Brian Kruger with Newmark facilitated the sale.

LEASE SIGNED: Lee & Associates leases small bay in Dallas-Fort Worth area. Lee & Associates Dallas-Fort Worth has facilitated the leasing of 6,598 SF of warehouse space at Air Freight I, 1200 Texan Trail in Grapevine, Texas. Phillip Rosenfeld and Chris Hillman with Lee & Associates represented the landlord, Tarrant County Properties, in the transaction. Tod Zhang with Mohr Partners represented the tenant, Aerotrends Aviation LLC.

LISTEN: Small warehouse inventories aren’t meeting demand. 

SMALL BAY PROPERTIES FOR SALE

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34,300 SF Total | 3.15 AC | 5 Buildings | 21 Units | 12’-19’ Ceiling Heights | 100% Occupied on Month-to-Month Leases

17,721 SF | 0.77 AC | Recently Renovated | Secure Concrete Yard

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

SMALL BAY PROPERTIES FOR LEASE

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14,188 SF Building with 10,472 SF Shop Area and 3,712 SF Warehouse | 10,476 SF Freestanding Building | | 5.5 AC | Current Tenant: Herc Rentals | On-site Diesel Fuel Tanks | On-site Fleet Wash | Great Connectivity with Direct Access to SR-110 | Located Minutes from Long Island Expressway and Southern State Parkway

27,500 SF | Built-to-Suit or Customizable Options | Newly-Installed TPO Roof | 14’x16’ Grade-Level Doors | Great Access to Beltway 8 and I-69

2,174 SF | (2) 10’x12’ and (2) 8’x10’ Grade-Level Doors | 15.5’ Ceiling Height | Easy Access to Florida Turnpike and I-95 | Zoned Service Commercial

ONE MORE THING

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