Small Bay Daily - March 13 - CushWake sells Phoenix small bay park for $35.1M

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NEWS ROUNDUP

DISPOSITION: CushWake sells Phoenix, AZ small bay park for $35.1M. Cushman & Wakefield has facilitated the sale of Rose Garden Business Park, located at 1801-1831 West Rose Garden Lane and 20801-20823 North 19th Avenue in Phoenix, Arizona. The property includes 9 multi-tenant buildings totaling 157,631 SF. The CushWake deal team included Will Strong, Molly Hunt, Bob Buckley, Tracy Cartledge, Jack Stamets, and Madeline Warren. The seller was Investcorp, and the buyer was an affiliate of BKM Capital Partners. The BKM deal team included Brett Turner and Michael Grossner.

DISPOSITION: Marcus & Millichap sells shallow bay in Los Angeles for $16.3M. Marcus & Millichap has facilitated the sale of 21300 Vanowen Street in Canoga Park, California. The property features a 49,794 SF warehouse and is currently leased to FedEx. The Marcus & Millichap deal team included Joshua Cohan and Ari Greene.

ACQUISITION: East Capital Partners buys Miami area small bay from Realterm. East Capital Partners has acquired 2000 Avenue P in Riviera Beach, Florida. The property features a 61,480 SF building that is currently fully leased to 12 tenants. David Archibald and Drew DeWitt lead the East Capital Partners team. José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun, and Daniel Sarmiento with CBRE represented the seller, Realterm, in the transaction.

DISPOSITION: Atlantic Properties sells small bay in Kingston, MA for $2.3M. Atlantic Properties has facilitated the sale of 9 Gallen Road in Kingston, Massachusetts. The property features a 24,000 SF industrial building. Benjamin Stout with Atlantic Properties represented the seller, 9 Gallen Road LLC. Robert Phinney III (also with Atlantic Properties) procured the buyer, Sullivan Brothers Toyota.

LEASE SIGNED: Lee & Associates leases small bay space in Los Angeles. The Lee & Associates LA West team has leased 6,700 SF of warehouse space at Buckingham Heights Business Park, 5701 Buckingham Parkway in Culver City, California. The L&A deal team included Aleks Trifunovic, Keith Fielding, Tibor Lody, Tommy Isola, and Adam Levine.

SMALL BAY PROPERTIES FOR SALE

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48,360 SF | 4.9 AC | (6) 8,060 SF Suites | 6 Loading Docks | 16’ Clear Height | 100% Sprinklered | Fully Leased to 5 Tenants | No Renewal Options | Below Market Rents | Updated Office Space | Close to I-26 and I-85

10,000 SF | Subdivisible to (2) 5,000 SF Units | (2) 12’x14’ Grade Doors | 1,200 SF Office | For Sale and Lease

22,400 SF | 0.72 AC | 9’-12’ Ceiling Heights | 3 Loading Docks | Some Outdoor Storage Allowed | Multiple Tenants

SMALL BAY PROPERTIES FOR LEASE

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2 Suites Available | 5,000 SF per Suite | 1 Dock-High Door per Suite | 18’-20’ Clear Heights | Close to GA-400

(3) 1,536 SF Units Available | (1) 10’x12’ Roll-up Door per Unit | 18’ Clear Height | Quick Access to I-95 and Florida Turnpike

1,500 SF | 9’x10’ Roll-up Door | Grade-Level Loading | Private Office | Close Proximity to I-15

ONE MORE THING

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