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  • Small Bay Daily - October 7 - KBC Advisors sells industrial portfolio in Houston for $90M

Small Bay Daily - October 7 - KBC Advisors sells industrial portfolio in Houston for $90M

KBC sells Houston industrial portfolio. Buligo buys Texas small bay portfolio. Dunbar buys CA small bay asset. Velocity leases DE small bay. Berkeley Partners raises $610.5M for fund. Six new small bay deals.

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NEWS ROUNDUP

KBC sells Houston industrial portfolio

DISPOSITION: KBC Advisors sells industrial portfolio in Houston for $90M. KBC Advisors has facilitated the sale of 6401 North Eldridge Parkway in Houston, Texas. The property features 16 buildings totaling 1,158,368 SF, with units ranging from 11,000-450,000 SF. The buyer was Brennan Investment Group. John Ferruzzo and Jack Ferruzzo with KBC Advisors represented the seller, Innovex, in the transaction. Troy MacMane, Kevin Brennan, and Michael Brennan led the Brennan deal team.

Buligo buys Texas small bay portfolio

ACQUISITION: Buligo Capital buys shallow bay portfolio in Austin metro area. Buligo Capital has acquired 10421 Old Manchaca Road in Austin and 1955 FM 2001 in Buda, Texas. The 2 properties consist of business parks totaling 61,240 and 39,400 SF, respectively. Henry Cornell led the Buligo Capital deal team. Cathy Nabours and Kyle Shaffer with SRS Real Estate Partners facilitated the transaction.

Dunbar buys CA small bay asset

ACQUISITION: Dunbar buys small bay facility in CA’s Inland Empire. Dunbar Real Estate Investment Management has acquired 41740 Enterprise Circle North in Temecula, California. The property features 7 units ranging from 1,930-9,135 SF, for a total of 34,675 SF. Dunbar plans to sell units individually. The Dunbar deal team included Ross Mitchell, Zack Burns, and Weston White. Charles Black and Sam Robles with Lee & Associates facilitated the transaction.

Velocity leases DE small bay

LEASE SIGNED: Velocity leases small bay warehouse in New Castle, DE. Velocity Venture Partners has leased out a 13,409 SF industrial unit at 31-47 Reads Way in New Castle, Delaware. The new tenant is Abby LLC, an electric equipment wholesaler. Tony Grelli led the Velocity deal team. Jamie Vari and Blaise Fletcher with JLL represented Velocity in the transaction.

FUNDRAISING: Berkeley Partners raises $610.5M for small bay industrial fund. Berkeley Partners has raised $610.5M for its Value Industrial Fund VI LP. The firm originally expected to raised $500M for the small bay industrial-focused fund. The Berkeley fundraising team included Aaron Snegg.

FROM OUR PARTNERS

Sapphire

As experienced industrial operators, we understand the unique dynamics of Small Bay assets. Our high leverage lending solutions are designed for Industrial, providing the flexibility investors and operators need to execute on their business plan.

SMALL BAY PROPERTIES FOR SALE

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small bay for sale in Upper Marlboro, MD

401 and 403 Prince George's Boulevard, Upper Marlboro, MD, 20774

80,000 SF Total | 2 Buildings | 100% Leased | 401 Prince George’s: 7,000-10,000 SF Units with 24-26’ Clear Heights, Dock Loading, Low Office Finish, and Fully Sprinklered | 403 Prince George’s: 17,000 SF Building with 22’ Clear Height, Drive-Through Overhead Doors, and 7,313 SF In-line Storage Bay | IOS: 23,000 SF Fenced, Lit, Secured, and Paved | Close to US-301, US-50, and I-495

small bay for sale in Shawnee, KS

23920 West 43rd Street, Shawnee, KS 66012

Plans in Place for 48,000 SF Facility with 48 Units Across 4 Buildings | 6.03 AC | Shovel-Ready Project Includes All Entitlements, Completed Engineering, and Architectural Plans for Immediate Construction Start | Each Building Will Feature Secure Access, Insulated Construction, and Flexible Unit Configurations | Direct Access to KS-7 and Minutes to I-435/I-35 Interchange | Easy Connection to Kansas City Intl. Airport

small bay for sale in East Peoria, IL

125 Thunderbird Lane, East Peoria, IL 61611

154,610 SF | 12.32 AC | 8 Buildings | 33 Units | 97.56% Occupancy | Mark-to-Market Short-Term Leases | Mix of Single-Tenant Net Lease and Multi-Tenant Buildings | Immediate Access to I-74, I-474, and US-150/US-24 Interchange

SMALL BAY PROPERTIES FOR LEASE

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small bay for lease in Houston, TX

8807 Emmott Road, Houston, TX 77040

2,400-24,000 SF | 12'x14' Grade-Level Doors | 3-Phase Power | 24' Clear Height | Great Access to US-290 and Beltway 8

small bay for lease in Fort Worth, TX

3801 Cockrell Avenue, Fort Worth, TX 76110

24,664 SF | Private Offices, 3 Restrooms, and Break Room | 5 Dock-High Doors | 3 Grade-Level Doors | 3-Phase Power: 240V 400 Amps | 16’-19’ Clear Heights | Close to I-35W, I-20, and I-30

small bay for lease in Aurora, CO

3250 Quentin Street, Aurora, CO 80011

5,216-7,855 SF | 3 Spaces Available | 18’ Clear Height | Easy Access to I-70, I-270, I-225, and Baranmor Parkway

ONE MORE THING

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