Small Bay Daily - November 4 - Decker Capital buys Jacksonville small bay portfolio for $26.5M

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NEWS ROUNDUP

ACQUISITION: Decker Capital buys Jacksonville small bay portfolio for $26.5M. Decker Capital, along with JV partner Viking Partners, has acquired 11655 Central Parkway, 11760 Marco Beach Drive, and 3611 Saint Johns Bluff Road South in Jacksonville, Florida. The portfolio consists of 8 buildings totaling 200,000 with an average bay size of 4,800 SF. Shane Decker and Peleg Amzalag led the Decker Capital deal team, while the Viking Partners team was led by Aaron Werbel. Michael Lewin and Adam Steinlauf with Katalyst Real Estate & Development represented Decker Capital in the transaction.

ACQUISITION: Rockpoint buys 1.1M SF shallow bay park in Richmond, VA. Rockpoint has acquired Eastpoint Industrial Park, a shallow bay infill industrial park located at 5600 Eastpoint Boulevard in Richmond, Virginia. The seller was Equus Capital Partners. The portfolio includes 8 buildings totaling 1,068,995 SF. Fred Borges and Ben Harris led the Rockpoint deal team. Jonathan Carpenter and Graham Savage with Cushman & Wakefield represented Equus in the transaction.

ACQUISITION: Brennan Investment Group buys Chicagoland industrial building. Brennan Investment Group has acquired 10100 Woodward Avenue in Woodridge, Illinois. The property features a roughly 80,000 SF industrial building that Brennan plans to reposition as a small bay industrial facility with 4 units. Daniel Smith and Jack Brennan led the Brennan deal team. Cal Payne with CBRE is currently marketing the property for sale or lease.

ACQUISITION: Foxfield buys midbay facility in Nashville, TN. Foxfield has acquired 565 Brick Church Park Drive in Nashville, Tennessee.The property features a 75,000 SF industrial facility and is currently leased to AllParts Medical, a Philips subsidiary. Shawn Hawthorne led the Foxfield deal team.

LEASE SIGNED: Bussel Realty Corp. leases small bay space in Garwood, NJ. Bussel Realty Corp. (BRC) has facilitated the leasing of 8,785 SF at 632 South Avenue in Garwood, New Jersey. The property is part of the Garwood Industrial Complex, which totals 235,000 SF. Steve Jaynes and Rebecca Abraham with BRC represented the tenant, Jafra Import Export Inc., in the transaction. Jeff Goldfinger, also with BRC, represented the landlord, ACP Partnership LLC.

READ: Small bay industrial is on the rise while big box industrial turns weak.

SMALL BAY PROPERTIES FOR SALE

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26,877 SF | 1.37 AC | 100% Occupied Value-Add Opportunity | Brand-New Roof | Zoning Allows Auto Repair | Large Monument Sign | Close to I-75 and I-285

9,850 SF | 0.95 AC | (2) 4,925 SF Units (Can Be Combined) | (2) 10’x10’ Overhead Doors | 3-Phase Power | Gated Outdoor Storage Area | Just 2 Miles West of I-75 | Seller Willing to Consider Sale-Leaseback

21,290 SF | 1.54 AC | 3 Buildings | Suites Ranging From 1,200-1,500 SF | Shorter-Term Leases | Ample Parking | 2 Minutes from North Powers Boulevard

SMALL BAY PROPERTIES FOR LEASE

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2.03 AC | 6,000 SF Warehouse with 1,800 of Office Space, 21’-24’ Clear Heights, and (2) 12’x14’ Dock Doors | 2 Dock Well Positions With Edge of Docks in Place | 1,519 SF of Covered Loading Dock | 1,838 SF Mezzanine | Outside Storage Allowed as an Accessory Use | Excellent Access to I-95, US-92, Williamson Boulevard, Bill France Boulevard, and Nova Road | 5 Minutes to Daytona Intl. Speedway and Daytona Beach Intl. Airport | Less Than 10 Minutes to I-95/I-4 Interchange

13,381-33,025 SF | 3 Suites Available | 30’ Clear Height | 3-Phase Power | ESFR Sprinklers | Dock-High Doors | Immediate Access to I-64, I-264, I-664, Military Highway, US-58, and US-460

1,536 SF Available | 14’ Clear Height | 12’ Drive-in Doors | No Annual Base Rent Increases | Kitchenette | Floor Drains in Each Unit | Landlord to Install a Dust Collector | Meticulously Renovated | Great Highway Access

ONE MORE THING

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