Small Bay Daily - September 15 - BKM Capital Partners buys small bay park in Fort Lauderdale for $14M

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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: BKM Capital Partners buys small bay park in Fort Lauderdale for $14M. BKM Capital Partners, in partnership with German American Realty GmbH, has acquired Aero Business Park, located at 3320-3350 Northwest 53rd Street in Fort Lauderdale, Florida. The property features 14 units across 2 buildings totaling 61,135 SF on 4.75 AC. The seller was Seagis Property Group. Brett Turner and Max Stone led the BKM Capital Partners deal team.

ACQUISITION: Roth Capital buys small bay asset in Raleigh-Durham for $3.05M. Roth Capital has acquired a multi-tenant industrial building in Durham, North Carolina. The property features 13 units totaling roughly 18,000 SF. Jim Kittridge led the Roth Capital deal team. Deane True and Nicole Sabido of Skyla Federal Credit Union facilitated the financing for the acquisition.

ACQUISITION: STRO Cos., KRE Group buy midbay asset in Elmwood Park, NJ. The STRO Cos. and The KRE Group have acquired 1 Paul Kohner Place in Elmwood Park, New Jersey. The property features a fully leased industrial building totaling 117,000 SF. The acquisition is adjacent to 5 and 30 Paul Kohner Place, which the partnership acquired less than 3 months earlier, for a total of 240,000 SF on 13 AC. Eli Millstein led the STRO deal team in the transaction, while Jonathan Kushner led the KRE team. Gary Gabriel, Kyle Schmidt, and Seth Zuidema with Cushman & Wakefield facilitated the transaction.

ACQUISITION: WareSpace buys Miami area warehouse for micro-bay conversion. WareSpace has acquired 4900 Northwest 167th Street in Miami Gardens, Florida. The property features a 100,000 SF warehouse that WareSpace plans to reposition as a multi-tenant facility with 125 units. The WareSpace deal team included Levi Cohen, Jeff Jenkins, Joseph Ely, Jeffrey Giese, TJ Cameron, Austin Riel, and Sam Schiffman. Rene Vivo and Frank Trelles with Vivo Real Estate Group facilitated the transaction.

DISPOSITION: Flaig Commercial Group sells small bay asset in Vero Beach, FL, for $1.25M. Flaig Commercial Group (FCG) has facilitated the sale of 925 13th Lane in Vero Beach, Florida. The property features a 5,580 SF industrial building. Christopher Flaig led the FCG deal team.

LEASE SIGNED: Colliers fully leases up small bay asset in Ann Arbor, MI. The Jim Chaconas Group at Colliers has fully leased up 2200 South Industrial Highway in Ann Arbor, Michigan. Jim Chaconas and Paul Godek with Colliers represented the landlord in the most recent transaction, while Roman Williams with Toman & Co. represented the tenant, Saline Auto Spa & Tint.

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SMALL BAY PROPERTIES FOR SALE

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33,000 SF | 1.66 AC | 2 Buildings | 17 Units | 95.8% Occupied | 21 Drive-in Doors | 3-Phase Power | Controlled Access | 16-18’ Clear Heights | Close to TX-6, I-10, Beltway 8, and Energy Corridor

41,769 SF | 2.388 AC | 2 Buildings | 17 Units | Fully Occupied | Masonry Construction | 12’ Clear Height | 20 Drive-in Doors | 122 Parking Spaces | Close to I-294 and I-94 in Sky Harbor Industrial Park | ASKING PRICE: $4,150,000

27,000 SF | 1.97 AC | 5 Suites Ranging from 1,800-10,850 SF | 100% Occupied to Tenants on Gross Leases (Value-Add Opportunities) | Each Suite Has Ait-Conditioned Warehouse Space, Office Space, Restrooms, and Roll-up Doors | Close Proximity to I-35, US-183, US-290, the New SH-130 Toll Road, and Downtown Austin | ASKING PRICE: $5,250,000

SMALL BAY PROPERTIES FOR LEASE

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4,014 SF Available | Ideal for Flex, Light Industrial, Showroom, Storage, or Specialty Auto/Garage-Style Operations | Located Near I-35W/TX-114 Interchange | Surrounded by Large-Scale Distribution Centers and Logistics Users

2,880-5,745 SF Available | 13.5’x9.4’ Garage Bay | New Parking Lot, Exterior Lighting, and Upgraded Monument Signage Installed in 2025 | Excellent Highway Access

850-1,700 SF | 2 Units Available | 20’ Ceilings | 16’ Grade-Level Doors | Less Than 1 Mile West of I-95

ONE MORE THING

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