Small Bay Daily - May 12 - Strata and Unilev buy small bay industrial portfolio in High Point, NC

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Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

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NEWS ROUNDUP

ACQUISITION: Strata and Unilev buy small bay industrial portfolio in High Point, NC. A partnership between Unilev Capital and Strata Industrial Partners, an affiliate of Palladius Capital Management formerly known as Mandalay Industrial, has acquired Enterprise Industrial Park, located along Habersham Road in High Point, North Carolina. The portfolio features 13 small bay industrial buildings totaling 223,776 SF. Ian Konowitch, Peter Berges, and Raymond Levy led the Unilev deal team, while Nitin Chexal led the Strata deal team. Nolan Ashton and Tommy Whitmore with Colliers facilitated the transaction. Jeff Sause, Chad Morgan, and Danny Ryan with JLL arranged the financing.

DISPOSITION: Gramercy Investment Group and Clear Bay Investments sell FL small bay. Gramercy Investment Group, in partnership with Clear Bay Investments, has sold 1620 51st Street in Gulfport, Florida. The property features an 11,000 SF small bay industrial asset. Avidan Baum led the Gramercy deal team, while the Clear Bay team was led by Charles Kennedy. James Defusto with Marcus & Millichap facilitated the transaction.

ACQUISITION: SK Investment Group buys shallow bay asset in Atlanta metro. SK Investment Group, the investment division of SK Commercial Realty, has acquired 3430 Novis Pointe Northwest in Acworth, Georgia. The property features an 18,180 SF shallow bay building. Chris Moffett led the SK Investment Group deal team.

DISPOSITION: Toggle Space sells flex-industrial asset in Des Moines, IA. Toggle Space has facilitated the sale of 4325 East 50th Street in Des Moines, Iowa. The property features a 20,000 SF industrial asset. Jeremy Spillman, Kyle Freeman, and Josh Hanson with Toggle Space represented the seller in the transaction.

FINANCING: Axiom Capital arranges $130M acquisition loan for DC-area industrial portfolio. Axiom Capital has structured and arranged a permanent loan for the acquisition of a 54-building portfolio of industrial assets in Maryland and Northern Virginia. The portfolio features roughly 1,305,295 SF of small bay industrial, flex, office, and retail/self-storage buildings.

READ: How AI could drive significant demand for US industrial space in the next decade.

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SMALL BAY PROPERTIES FOR SALE

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10,000 SF | 0.67 AC | 3 Buildings | Gated Parking Lot with (2) 50’x20’ Outside Storage Areas | Equipped with HVAC, Warehouse Heater, and 200 Amp 3-Phase Electrical | 13’-20’ Clear Heights | 12’x12’ Bay Doors | Convenient Access to I-35W

61,517 SF | 6.985 AC | 3 Buildings | (14) 10’x10’ Dock Doors | 6 Drive-in Doors | 120’ Truck Court | 24’ Clear Height | 96 Parking Space | Fully Sprinklered | Convenient Access to I-77 and I-485 | Sale Price: $18,000,000

36,062 SF | 2.12 AC | 2 Buildings | 9 Units | Mark-to-Market Opportunity with Conversion to Triple Net Potential | Favorable Financing Available

SMALL BAY PROPERTIES FOR LEASE

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1,500 SF Available | Includes Private Restroom, 246 SF Open Bullpen, and Small Mezzanine | 1 Ground-Level Bay Door (12’x12’) | 13’ Clear Ceiling Height | Zoned B-3, City of Fort Lauderdale | Minutes from Federal Highway, I-595, and Port Everglades | RENTAL RATE: $21.50/SF Modified Gross

7,500 SF Available for Sublease | Sublease Expires 5/31/2030 | 1,240 SF of Finished Office Space | 2 Private Restrooms | 14’ Clear Heights | Energy-Efficient LED Lighting | 2 Newly Installed 7.5-ton HVAC Units | (1) 10’x12’ Dock-High Door | (1) 10’x12’ Drive-in Door | Easy Access to I-77

2,700 SF Available | Includes Large Office, Showroom/Lobby, Break Room, Restroom, and 1,700 SF Warehouse | (3) 10’x10’ Overhead Doors | 12’-16’ Eave Heights | Paved Yard/Parking Area Secured with 7’ Steel Fencing

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