IOS Daily - April 15 - Newcor buys its first IOS in Houston, TX

NEWS ROUNDUP

ACQUISITION: Newcor buys 2 acre IOS in Houston, TX. Newcor Commercial Real Estate purchased 1500 Miles Street in Houston, Texas, marking the firm’s first IOS acquisition. The 2 acre IOS property is fully-fenced and gated and is located just 2 blocks from Watco’s Greens Port terminal. For leasing inquiries, email Newcor’s founder and CEO, Rob Banzhaf, or call 281-210-0093 and be sure to mention IOSList!

ACQUISITION: Open Industrial buys 3.6 acre IOS in NC. Open Industrial acquired 1413 Mechanical Boulevard in Garner, North Carolina, in the Raleigh metro area. The 3.6 acre IOS includes 1,800 SF of indoor space. The property is currently partially leased to United Rentals. The Open Industrial deal team included Elmo Alexander. For leasing inquiries, call 301-304-1085 and tell ‘em IOSList sent ya!

ACQUISITION: Transport Properties redevelops IOS in Wilmington, IL. Transport Properties is developing a cross-dock with parking located on E. Kankakee River Drive in Wilmington, Illinois. When completed, the project will feature a 60,000 SF warehouse with 20 exterior loading docks and parking spaces for more than 200 trailers. The site is expected to deliver in Q2 2026. For leasing inquiries, contact David Haigh or John Cash at NAI Hiffman.

JOINT VENTURE: EV Realty and GreenPoint announce $200M JV. EV Realty and GreenPoint Partners have announced a new partnership to build out charging hubs for commercial fleet EVs in California and other strategic markets. The $200 million joint venture (JV) will combine EV Reality’s proprietary fleet-charging technology and GreenPoint’s RE investment expertise. The GreenPoint team includes Alexander Çakir, Diana Smirnov, Ryan Taylor, and Santiago Arboleda. The EV Realty team includes Alex Maghami, Patrick Sullivan, Sean Kiernan, Wyatt Toolson, Thomas Laurent, and Michael Baker.

READ: EPA rolls out strict new emissions rules for heavy trucks. “Motor carriers will have more time (2027-2030) to build out a zero-emissions infrastructure, but the flip-side is stronger emissions limits in 2031 and 2032.”

FROM OUR PARTNERS

FOR SALE: Carnesville, GA and Maiden, NC - 169 acre IOS portfolio at 6.5% cap

Address: 774 Hwy 320 & 480 New Bethel Rd, Carnesville, GA 3978 and South NC Hwy 16, Maiden, NC 28650

Buildings: Five (5) warehouses/offices featuring clear heights of 8' - 20' and a total of fourteen (14) vehicle lifts, fifteen (15) drive-in doors, twelve (12) dock doors, and an elevator. Coverage less than 4%.

Lease: $347,502 NN NOI from tenant Road Tested Parts, 2% bumps, 5 years remaining after close of escrow

Asking Price: $5,346,185

Info: LINK

FOR SALE: Cleveland, OH - 4.62 acre warehouse + IOS

Address: 8001 Old Granger Road, Cleveland, OH 44125

Features: Paved, fenced, gated, 10 year lease with United Rentals

Close To: I-480, I-271, less than 15 minutes to Downtown Cleveland

Buildings: 8,882 SF warehouse/office building

Zoning: Industrial (outdoor storage permitted by right)

Asking Price: $2,950,000

Lease: $15,935/month NNN, 2% escalations, 10 years remaining, corporate guarantee

Info: LINK

FOR SALE: Chandler, AZ - 19.63 acre IOS with existing income

Address: 11523-11541 E. Appleby Road, Chandler, AZ 85286

Features: Septic, two on-site wells

Close To: Loop 202 and State Route 87

Zoning: I-2

Tenants: 91% occupied with six tenants, projected year 1 NOI of $720,197

OM: contact broker

Asking Price: contact broker

FOR LEASE: Glendale, AZ - 4.6 acre IOS

Address: 4800 W Pasadena Avenue, Glendale, AZ 85301

Features: Fenced yard, 16'-24' clear height, paved with 100 parking spaces, heavy 3 phase power (2000 amps), fully sprinklered

Close To: US 60, I-17 & I-10, BNSF Rail Served

Building: 29,625 SF building with 3,300 SF office, concrete loading docks, 4 exterior docks, 2 drive-ins - 24'W x 20'H

Zoning: M2

Rental Rates: $1.75/SF/Month NNN

Info: LINK

FOR LEASE: Memphis, TN – 72 acre truck parking

Address: 4800 Malone Road, Memphis, TN 38118

Features: Stone yard, high security shipping container wall surrounds property, lighting, 24/7/365 security team, security cameras, daily transaction reporting

Close To: BNSF Railway, I-40, I-55, I-78

Buildings: On-site storage, on-site office space, 50,000 SF warehouse available

Zoning: LI

Rental Rates: $3,500/acre/month NNN or $200/parking space/month

Info: LINK

FOR LEASE: Linden, NJ - 1.62 acre IOS

Address: 401 Commerce Road, Linden, NJ 07036

Features: Fenced, lit

Close To: Routes 1 and 9, NJ Turnpike

Building: 5,563SF total building size with 16’ clear ceiling height, 4 drive-in doors (3 doors at 12' wide x 14' high and 1 door at 12' x 12')

Zoning: Industrial

Info: LINK