$30.75M Phoenix IOS sale draws 27 offers for 23.5 acres
IOS Market Pulse: Oct 2-5, 2026
🏗️ The Headliner: $30.75M Phoenix IOS portfolio sale
Institutional Property Advisors closes 23.5-acre infill IOS portfolio
The two adjacent Phoenix assets total 23.5 acres and traded for $30.75 million with 7.1% FAR coverage. The process drew 27 offers, a hard data point for infill yard demand even with the buyer and seller still undisclosed.
Transaction Details:
- Purchase Price: $30.75 million
- Property: Two adjacent infill IOS assets in Phoenix, Arizona
- Site: 23.5 acres | building SF not disclosed; 7.1% FAR coverage
- Seller: Not yet disclosed
- Buyer Lead: Not yet disclosed
- Seller Lead: Not yet disclosed
- Broker / Deal Team: Peter Bauman, Project Lead, Institutional Property Advisors; Tivon Moffitt, Project Lead, Institutional Property Advisors; Roman Shenkiryk, Project Lead, Institutional Property Advisors; Brett Baker, Project Lead, Institutional Property Advisors
BLUE ISLAND, ILLINOIS: Beverly Freight takes 40,116 SF truck terminal
- Property: 3301 Wireton Road, Units 101 and 105, Blue Island, Illinois
- Site: Not yet disclosed
- Improvements: 40,116 SF truck terminal
- Tenant: Beverly Freight Inc.
- Landlord: Wireton 3301 LLC
- Landlord Rep: Colin Green, Not yet disclosed, CBRE
- Tenant Rep: Sean Austin, Principal, Lee & Associates of Illinois
🏗️ Adjacent Industrial (IOS-Relevant)
BRONX, NEW YORK: 100,000 SF project adds covered fleet parking
Sterling Organization is nearing completion of 307 Bruckner Blvd. in Hunts Point, pairing a 46,000 SF warehouse with 46,000 SF of covered fleet parking and storage below. The dense urban location, drive-in access and future expansion capability make the project directly relevant to fleet and logistics users that need yard-like utility in New York City.
BILLERICA, MASSACHUSETTS: $4.45M sale includes 13 usable acres
400 Iron Horse Park traded for $4.45 million after a multiple-offer process. The 41.7-acre parcel includes 13 usable acres, 219,164 SF across two manufacturing buildings, three loading docks and eight drive-in doors.
Deal Team: Harrison Klein, Managing Director Investments, Luigi Lessa, Not yet disclosed, and Mattias Edenkrans, Not yet disclosed, Marcus & Millichap; David Skinner, Not yet disclosed, Prescott IOS.
LORTON, VIRGINIA: 7813 Cinder Bed Road
- 7.12 acres | building SF not disclosed
- I-5-zoned outdoor storage yard with perimeter chain-link fencing, heavy-duty gated entry and resurfaced gravel storage area.
- $7.5 million asking price
- Brokers: Not yet disclosed
LITTLE ROCK, ARKANSAS: 9924 Blake Street
- 1.4 acres | 8,000 SF commercial concrete slab
- Cleared light-industrial site with municipal utilities and about one acre of secured, level yard space for fleet parking, equipment staging or contractor use.
- $155,000 asking price
- Brokers: Not yet disclosed
📬 Get Your Deal Featured
Closed an IOS deal (sale, lease, refinance, or development milestone)? We want to feature your deal and team in the next issue.
Send us:
- Address + market
- Acreage + building SF + doors/yard specs
- Buyer/seller/tenant (if discloseable)
- Full deal team (brokers, capital markets, title/escrow, attorneys, lender, survey/civil, environmental)
Submit a deal
Every issue is archived at iosjournal.com/news - browse past coverage or jump straight to your market at iosjournal.com/markets .
© 2026 | Tracking institutional-grade IOS transactions