Small Bay Daily - September 8 - Malman brokers $13M sale of small bay park in Colorado Springs, CO

Good morning. Welcome to Small Bay List!

Today’s issue is sponsored by IndustrialIQ — providing comprehensive analysis and insights for small bay warehouse markets.

Now, let’s get to it!

NEWS ROUNDUP

ACQUISITION: Malman brokers $13M sale of small bay park in Colorado Springs, CO. Malman Real Estate has facilitated the sale of Adobe Court Business Park, located at 3302-3372 Adobe Court in Colorado Springs, Colorado. The property features 3 buildings totaling 83,658 SF. Michael Kraus with Malman represented the buyer in the transaction.

DISPOSITION: Colliers sells flex industrial portfolio in Cincinnati metro area. Colliers has facilitated the sale of Cornell Park, located at 11240-11260 Cornell Park Drive in Blue Ash, Ohio. The property features 6 multi-tenant buildings totaling 147,269 SF. Alex Cantu, Alex Davenport, John Gartner, Erin Casey, and Andrew Jacob with Colliers represented the seller, Sperry Equities, in the transaction. The buyer was Denholtz.

ACQUISITION: Delphi brokers sale of shallow bay industrial property in Los Angeles area. Delphi Business Properties has facilitated the sale of 333 West Alondra Boulevard in Gardena, California. The property features a 54,000 SF multi-tenant industrial building. Adam Stout and Mike Centurioni with Delphi Business Properties represented the buyer in the transaction. Caleb Morrison and Greg Offsay with illi Commercial Real Estate represented the seller.

ACQUISITION: John R. Wood Properties sells small bay asset in Cape Coral, FL, for $1.35M. John R. Wood Properties Commercial has facilitated the sale of 1007 Northeast 7th Terrace in Cape Coral, Florida. The property features a 7,314 SF industrial building with 5 units. Dan Barrile with John R. Wood represented the buyer, TEW Investments, in the transaction. Andy Richardson with Riverside Realty represented the seller, JIF LLC.

LEASE SIGNED: Voit Real Estate Services leases small bay asset in Los Angeles metro. Voit Real Estate has facilitated the leasing of 135 Via Trevizio in Corona, California. The property features a 31,153 SF industrial building. Michael Hefner with Voit represented the landlord in the transaction, which is valued at $2.2M.

LEASE SIGNED: Newmark fully leases up small bay property in Oklahoma City. Newmark has fully leased 1300 Cornell Parkway. The property features a 23,766 multi-tenant building. Brett Price, Kris Davis, and Karley Harper with Newmark represented the landlord in the transactions.

FROM OUR PARTNERS

How long does it take to find an owner after you find a property you like?

Phone tags. County records. Broker calls.

By the time you get there — someone else already has.

The operators using IndustrialIQ don't have that problem.

Owner contact info is right there. They move faster because the data is already done.

Code SMALLBAY10 gets you 10% off.

SMALL BAY PROPERTIES FOR SALE

Click on each photo for more information.

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

94,638 SF | 5.87 AC | 4 Buildings | 23 Units Ranging from 2,450-4,900 SF with Ability to Combine up to ±8,000 SF | Built in 2009, 2013, 2015, and 2019 | Diverse Tenant Base with 100% Occupancy | 7.32% in-Place Cap Rate | Below-Market Rents | Located in Deer Creek/Edmond Growth Corridor | Asking Price: $11,500,000

135,221 SF | 13.65 AC | 5 Buildings Across 2 Properties | 82% Occupied with 3.9-Year WALT and 5.8-Year WATT | 5.1:1,000 SF Parking Ratio | Convenient Access to Downtown St. Petersburg, Downtown Clearwater, Downtown Tampa, Tampa Intl. Airport, and St. Pete-Clearwater Intl. Airport

SMALL BAY PROPERTIES FOR LEASE

Click on each photo for more information.

1,492-7,518 SF | 6 Spaces Available | 16’-18’ Clear Heights | Power: 200A, 120/240V | Freshly Renovated Warehouse, Office, and Restroom Finishes | Less Than 2 Miles from I-275 and 5 Miles from I-4

800-1,200 SF | 2 Spaces Available | Located off Cameron Road with Easy Access to I-35, US-183, and US-290 | Flexible Lease Term Lengths

1,548-8,392 SF | Immediate Access to I-605 and I-5 | 15’ Clear Height | 1-2 Drive-in Doors | Power: 100A, 120/208V | Sprinklered | Skylights and LED Motion Sensor

ONE MORE THING

Advertise Listings | Share a Closing Announcement | Search Properties | Small Bay News | Comps | Professional Network | Email the Editor