Small Bay Daily - November 12 - CBRE sells small bay park in Pomona, CA

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NEWS ROUNDUP

DISPOSITION: CBRE brokers sale of small bay park in Pomona, CA. CBRE’s Investment Properties—Calif./Ariz./Nev./Or./Co. team has facilitated the sale of Pomona East Commerce Center to Arete Venture Partners. The 6-building small bay park is located at 310-380 South East End Avenue and 1605 & 1649 Mission Boulevard in Pomona, California. The IP deal team of Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, and Dylan Rutigliano, along with Barbara Perrier and Eric Cox with CBRE National Partners, represented the seller. The seller was SoCal Industrial LLC, a joint venture between Birtcher Anderson & Davis and Belay Investment Group.

DISPOSITION: Adam the Brit sells small bay park in Houston, TX. Adam the Brit, principal of Brit Holdings, has sold Bammel Business Center. The 68,015 SF small bay industrial park is located at 13940 Bammel North Houston Road in Houston, Texas. Matt Moake with HighStreet Net Lease Group represented Adam the Brit in the transaction.

DISPOSITION: AP Group sells flex park in Atlanta metro area for $8.15M. The AP Group of Marcus & Millichap has facilitated the sale of Noonday Business Park, 771 Shallowford Road in Kennesaw, Georgia, an Atlanta suburb. The property features 3 buildings totaling 66,000 SF and traded at a 5.12% cap rate. The AP Group deal team of Ani Paulson and Mason Bierster represented the seller and procured a local buyer.

DISPOSITION: Northmarq sells small bay development in DFW area. Northmarq has brokered the sale of 1600 & 1650 Corporate Drive in McKinney, Texas. The buyer was a private 1031 investor in California. The Northmarq deal team of Chris Adams, Josh Adams, and Grant Fleming represented the seller, a regional developer led by Barry Boothe.

FUNDING: RRA funds $5M bridge loan for small bay facility in Clearwater, FL. RRA Capital has funded a bridge loan for the acquisition of Bayside 44 Industrial Park. The small bay facility is located at 12485, 12545, & 12555 44th Street North in Clearwater, Florida. The 3 buildings total 46,200 SF and are currently 95% leased. The RRA deal team was led by Kyung Kim.

WATCH: Why Safe Storage USA is eyeing the small bay industrial market. “We feel it’s an up-and-coming opportunity… very similar to what storage used to be 8 to 10 years ago.” — Russell Nersesov with Safe Storage Investors

SMALL BAY PROPERTIES FOR SALE

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172,244 Total | 13.88 AC | 10 Buildings | 26 Units | 22’ Ceiling Height | 100% Occupied

122,704 SF | 3 Tenants | 1.72 Years WALT | 38% Mark-to-Market Opportunity

8,000 SF | 0.4 AC | (2) 16’x20 Roll-up Doors | 17’ Ceiling Heigh | Convenient to I-10

SMALL BAY PROPERTIES FOR LEASE

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475-3,065 SF | Variety of Warehouse Units Available | Large Overhead Doors | Close to Fort Lauderdale-Hollywood Intl. Airport and Port Everglades

76,034 SF (Divisible to 41,863 & 34,171 SF) | 5,540 SF Office | 32’ Clear Heights | 12 Exterior Docks | 1 Grade-Level Door

18,560 SF | 20’ Ceiling Height | 3 Grade-Level Doors | 1 Dock-High Door | Sublease Through 11/30/2026

ONE MORE THING

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