FREEZER BUILDING SALE TRANSACTION ANNOUNCEMENTS
- Property Overview: A 140,000 square-foot refrigerated freezer warehouse building situated on a 10.6-acre parcel of ground was sold on May 16, 2019. The refrigerated warehouse freezer building was originally constructed in 1976 and expanded in 1993.
- Storage & Capacity Details: The refrigerated warehouse has 90,000 square feet of refrigerated warehouse space, which is 47,000 ft.². Of freezer space and 43,000 ft² of cooler warehouse space. There are 34,000 square feet of food-grade, temperature-controlled warehouse space in this food distribution facility. The warehouse is completely pallet racked with a total of 10,862 pallet slot positions.
- Facility Specifications: The facility has 19 truck dock doors and 27- to 29-foot ceiling heights. The building has an ammonia refrigeration mechanical system. The refrigerated food facility has active Norfolk Southern rail service with 2 rail doors.
- Location & Transaction Details: The refrigerated building is located in Northeast Indiana. The address of this cold storage warehouse is 7235 Vicksburg Pike, Ft. Wayne, IN 46804. The seller was Vicksburg Pike LLC. The purchase is by the Mandich Group LLC. The sale price was $6,000,000, or $43.04 per square foot.
- Representation & Contact Information: Hawk Distribution Services represented the seller. The purchaser represents themselves. For further information, contact Jim Cronin, Hawk Distribution Services LLC, at (314) 994-0577 or j.cronin@hawkds.com.
Freezer Building-Sale Transaction Announcement
- Overview: A 29,587 square-foot refrigerated warehouse building situated on a 2.87-acre parcel of land was sold on July 20, 2018. The refrigerated building was originally constructed in 1991 and expanded in 2003.
- Space Breakdown: The refrigerated warehouse has 22,680 square feet of freezer warehouse space. There are 5827 square feet of office space. The warehouse space is completely pallet racked with 1,600 pallet slot positions.
- Building Features: The freezer building has 5 truck dock doors. The ceiling heights are 26 and 28 feet high. The building has a Freon refrigeration mechanical system. The freezer warehouse building was originally built by Edy's Ice Cream. The new owner is operating the facility as a cold storage warehouse.
- Location & Sale Details: The refrigerated warehouse building is located in St. Louis County, Missouri. The address of the cold storage warehouse is 3820 Ultra Comp Drive, Earth City, Missouri 63045. The seller was Nestlé' Dreyer's Ice Cream Company; the purchaser was Parker Page Properties LLC. The sale price was $1,700,000, or $57.45 per square foot.
- Representation: Hawk Distribution Services represented the purchaser. CBRE, Inc., represented the seller.
Refrigerated Warehouse Space-Lease Transaction Announcement
- Lease Summary: John Morrell Food Group leased 7,000 square feet of refrigerated warehouse space from Sunfarm Food Service, Inc., at 84 Produce Row, St. Louis City, Missouri 63102 on June 15, 2015. John Morrell Food Group's packaged meat division of Armour-Eckrich Meats uses the refrigerated warehouse space with cooler storage temperatures and refrigerated dock space to accommodate a fleet of refrigerated delivery trucks.
- Operational Details: Sunfarm Food Service, Inc., had recently relocated to a larger facility, leaving this 7,000-square-foot food facility available for lease. The refrigerated dock had 4 truck dock doors and ample parking for the Armour-Eckrich Meats' fleet of refrigerated route trucks.
- Market Setting: This refrigerated building is located at 84 Produce Row in the St. Louis Produce Market. Most metropolitan area produce markets are cooperatives that provide administrative support for common area maintenance, sanitation, building maintenance, security, and other amenities to their members. These support items are attractive to small and medium-sized foodservice distributors, which allows the managers to focus on their business operations.
- Brokerage Role: Hawk Distribution Services represented both parties in this lease transaction.
Freezer Warehouse Space Lease - Transaction Announcement
- Transaction Summary: Bailey International Inc. leased 46,000 square feet of refrigerated warehouse space at 498 Bussen Underground Drive, St. Louis, Missouri 63129, from Bussen Underground Warehouse on December 22, 2008.
- Space Composition: The refrigerated warehouse space had 23,000 square feet of low-temperature freezer warehouse space, 10,800 square feet of cooler warehouse space, and a 3,000-square-foot USDA-inspected refrigerated processing area.
- Facility Profile: The refrigerated warehouse has 6 truck dock doors. The Bussen Underground Warehouse is a 1,000,000 square foot underground industrial temperature-controlled warehouse complex that rents climate-controlled and refrigerated warehouse space to various tenants. This freezer warehouse space was originally constructed in 1997 for Kuna Foodservice.