Florida IOS Market Moves: September 1 - 24

· 4 min read · Industrial Outdoor Storage

Florida's IOS market stayed active in September with acquisitions, dispositions, financing, and leasing all making headlines across the state's key logistics markets.

Florida IOS Market Moves: September 1 - 24 — industrial outdoor storage news

Florida IOS Market Moves: September 1 - 24

The Florida IOS market has been nothing short of active this September, with acquisitions, dispositions, financing, and leasing all making headlines. Here’s a full roundup of the key transactions and the dealmakers who made them happen.

Major Acquisitions Dalfen Goes Big in Miami Metro - Transaction: Dalfen Industrial acquired 7.03 acres across 375 Northwest 9th Avenue and 1001 Old Griffin Road in Dania Beach for $13M. - Property: Two industrial buildings totaling 15,000 SF. - Dalfen Team: Sean Dalfen, Tyler McElroy, Chris Segrest. - Brokers: Eli Havlik, Tom O’Loughlin, Larry Genet, and Michael Oretsky with CBRE.

Alterra Expands in Sarasota - Transaction: Alterra IOS bought 11.75 acres at 7405 286th Street Court E in Sarasota, FL. - Property: 34,000 SF of building improvements. - Alterra Team: Chris White, Morgan Specht. - Brokers: Robbie Lober and Devin Beeler with Lober Real Estate.

Bay Street Capital Plants a Flag in Tampa - Transaction: Bay Street Capital, with partner Beerock Holdings, acquired 1.2 acres at 11302 North Nebraska Avenue for $1.55M. - Property: 9,034 SF building, leased to Royce Bravo Security. - Bay Street Team: Joe Buonopane, Matthew Wiener, Jeremy Stenberg. - Beerock Team: Benjamin Meland. - Brokers: Pablo Vignolo & Raul Pino (Hype Real Estate Group) repped Bay Street; Matthew Martinez (Hype) repped the seller.

Everwood Closes $10.25M Tampa-Area Deal - Transaction: Everwood Real Estate Partners acquired 14 acres at 14159-14201 Black Lake Road in Odessa, FL for $10.25M. - Property: 10,934 SF building, fully leased. - Everwood Team: William Peeples. - Brokers: Peter Cecora & Olivia Brock with JLL repped Everwood.

COARE Industrial Enters Jacksonville - Transaction: COARE Industrial acquired 2.87 acres at 321 Lane Avenue North in Jacksonville. - Property: 12,268 SF low-coverage warehouse. - COARE Team: Stephen Barry, Hansel Rodriguez. - Brokers: Michael Cassidy & Eric Bumgarner with Colliers (now marketing for lease).

Key Dispositions Bounat Sells 30 Acres in DeBary for $12.275M - Transaction: Boutique National (Bounat) sold 311 Benson Junction Road to Strategic Real Estate Partners. - Property: 30 acres, 13,450 SF industrial space, active CSX rail spur; formerly a concrete plant. - Bounat Team: Michael Farley, Nick Ganey. - Brokerage Role: Represented both seller & buyer. - Additional Note: Derek Riggleman with Lee & Associates is now marketing the property for lease.

EML Realty Turns Quick Profit on Treasure Coast - Transaction: EML Realty Partners sold 4.2 acres at 309 Angle Road in Fort Pierce to Inkas Group for $4.9M. - Property: 30,060 SF warehouse. Purchased by EML in August 2023 for $2.85M. - EML Team: Lance Aker, Sophia Anzalone, Kevin Tehan, Gregory Dormitzer, Claudia Duarte. - Broker: Rob Steiner with Frankel-Ball Realty repped EML.

Financing Criterion & Columbia Pacific Land $180M Refi - Transaction: Criterion Group and Columbia Pacific Advisors secured a $180M refinance loan from Axos Bank. - Portfolio: 34 IOS assets, 290 acres across 11 states including Florida. - Brokers: Christopher Peck & Peter Rotchford with JLL arranged the 5-year, floating-rate loan.

Leasing Patriot IOS leased 4 acres in Lakeland - Transaction: Patriot IOS leased 4 acres at 5320 North Combee Road in Lakeland, FL to USA Storage Yards. - Location Advantage: Immediate I-4 access, a logistics hotspot. - Dealmakers: Hector Delgado (Panther Capital Group) and Tim Hurless (The Avocat Group) repped the landlord.

Takeaway Florida’s IOS market remains one of the most liquid in the nation, seeing activity across the full spectrum: acquisitions, sales, refinancing, and leasing. With big names like Dalfen, Alterra, and Everwood transacting alongside local players, the Sunshine State continues to be a proving ground for IOS investment.

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