Small Bay Daily - November 12 - Colliers sells flex-industrial park in Seattle area for $46M

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NEWS ROUNDUP

DISPOSITION: Colliers sells flex-industrial park in Seattle area for $46M. Colliers has facilitated the sale of Cedar River Corporate Park, located at 2200 Lind Avenue Southwest in Renton, Washington. The property features 4 multi-tenant buildings totaling 143,307 SF. Bill Condon, Matt McGregor, and Kyle Back with Colliers represented the seller in the transaction.

ACQUISITION: BKM Capital Partners buys small bay park in Pompano Beach, FL for $33M. BKM Capital Partners has acquired Park Central, a business park in Pompano Beach, Florida. The park features 3 buildings with 19 suites averaging about 6,000 SF. Brett Turner and Max Stone led the BKM deal team. Cody Brais with JLL represented the seller, MIG Real Estate.

DISPOSITION: Kassin Sabbagh Realty sells small bay portfolio in St. Cloud, FL, for $10.3M. Kassin Sabbagh Realty (KSR) has facilitated the sale of 1408-1424 Hamlin Avenue and 2013 Murcott Drive in St. Cloud, Florida. The portfolio totals 50,900 SF. The buyer, East Capital Partners, was led by Drew DeWitt, David Archibald, and Nicholas Weyant. The sellers were CenterSquare Investment Management and Ultimate Realty, led by Michael Sabbagh and Mark Sabbagh. Shivam Whadwa and David Warren with KSR represented the sellers in the transaction.

DISPOSITION: Sands Investment Group sells Philly area small bay asset for $8.25M. Sands Investment Group (SIG) has facilitated the sale of 1191-1199 McDermott Drive in West Chester, Pennsylvania. The property features a 51,500 SF small bay industrial building on 3.84 AC. Griffin Reath and Eric Vultaggio with SIG represented the seller in the transaction.

ACQUISITION: Lee & Associates brokers sale of small bay warehouse in Atlanta area. Lee & Associates - Atlanta (L&A) has facilitated the sale of 6410 New Peachtree Road in Doraville, Georgia. The property features a 33,840 SF small bay warehouse on nearly 3 AC. Jostin Calo and Richard Smith with L&A represented the buyer in the transaction.

LEASE SIGNED: Trademarko Realty leases small bay in Queens, NY, for $6,500/Mo. Trademarko Realty has facilitated the leasing of 58-99 55th Street in Maspeth, Queens, New York. The property features a 2,600 SF warehouse. Marek Sobolewski with Trademarko represented the landlord in the transaction.

SMALL BAY PROPERTIES FOR SALE

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FOR SALE OR LEASE | ±40,800 SF | 4 Buildings | Suites Ranging from ±2,000-±10,000 SF | Includes Outdoor Yard Spaces | 95% Occupied with NNN Leases | Close to I-80, US-395, and Tahoe-Reno Industrial Center | Asking Price: $12,000,000 | Rental Rate: $1.25/SF/Mo. NNN

24,426 SF | 0.9 AC | 15 Units | Professionally Managed Industrial Park | 100% Leased | 6.50% Cap Rate | Brand-New Renovations | 20 Ground-Level Doors | Assumable Financing Available

7,000 SF | 10 Units | 14’ Clear Height | (1) 10’x10’ Drive-in Door per Unit | Fully Fenced and Secured Yard | Less Than 2 Minutes from I-25/Fillmore Interchange

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

25,173 SF Available | New Construction | 22’-30’ Clear Heights | 200’ Truck Court | Spec Office Built at Landlord’s Cost | Owner Occupies Adjoining Suite

1,999-8,000 SF | 5 Spaces Available | 80:20 Warehouse-to-Office Ratio | Turnkey Office Finish | Immediate Loop 1604 Access with I-35 and I-10 Nearby | HVAC | Restroom | 10’x10’ Grade-Level Roll-up Doors | 13’-17’ Clear Heights

ONE MORE THING

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