IOS Daily - April 22 - Clear Height and Walker-Dunlop buy 6 acre West Chicago ISF

NEWS ROUNDUP

ACQUISITION: Clear Height/Walker Dunlop JV buys 6 acre ISF in West Chicago. The JV purchased 1845 Western Drive in West Chicago, Illinois. The 6.19 acre industrial service facility (ISF) property includes a 2.5 acre fenced yard, an 11,000 SF five-bay maintenance building, and a 20,000 SF 2-story office building. The Clear Height team included Robin Stolberg. For leasing inquiries, contact Ryan Klink and Michael Magliano of Cushman.

ACQUISITION: Bay Street buys 5 acre IOS in Baltimore, MD area. Bay Street Capital has acquired 1875 Mayfield Road in Odenton, Maryland, a suburb of Baltimore. The 5.43 acre IOS property includes a 20,000 SF industrial building with 4 drive-in doors. The seller was Keller North America. Joseph Friend and Matthew Antonis of Friend Commercial Real Estate assisted with the sale.

ACQUIRED: Realterm buys 8 acre IOS in the Netherlands. Realterm has purchased Pieter Hoebeeweg 99 in Dordrecht, Netherlands. The 8 acre IOS property includes 42,044 SF of warehouse space. The property is fully leased to crane rental company Sarens. The property is located in the Dordrecht Port, which is the most inland seaport in the Netherlands. The Realterm team includes Marieke de Jong and Demba Djaoune. Realterm was represented by DLA Piper, Deloitte, and SGS Search.

FINANCING: Trux Parking finances location in Greensboro, NC. Trux Parking has financed and fully leased its location at 3414 Sandy Ridge Road in Greensboro, North Carolina. The Trux team includes Alexander Hegner. Tricia Griner of ServisFirst Bank assisted with financing the deal. The site was leased with the help of Luke Colbert and Gray Williams of Albany Road Real Estate Partners.

READ: Investors are converting office buildings to IOS properties in SoCal.

FOR SALE: Glendale Heights, IL – 3 acre IOS

Address: 22W736 Poss Street, Glendale Heights, IL 60137

Close To: I-355 and Chicago O'Hare Intl. Airport

Zoning: I-1 (Light Industrial)

Info: LINK

FOR SALE: Salt Lake City, UT - 1.02 acre IOS

Address: 4076 W. 600 S., Salt Lake City, UT 84104

Features: Utilities available

Close To: Salt Lake City Intl. Airport

Buildings: 12,070 SF building

Zoning: M-1

Asking Price: $1,250,000

Info: LINK

FOR SALE: Molalla, OR - 1.3-2.39 acre  IOS

Address: 545 W. Main Street, Molalla, OR 97038

Features: Central location, Molalla municipal utilities

Close To: Cascade Hwy

Zoning: M-1

Asking Price: $810,118 - $3,500,000

Info: LINK

FOR LEASE: Salt Lake City, UT - 2 acre warehouse + IOS

Address: 326 S. 2650 W., Salt Lake City, UT 84104

Features: Graveled, 6' security fence, 3 phase power, electric gate

Close To: Right off of I-80, 5 miles south of SLC Airport

Buildings: 4,000 SF Quonset building with 3-phase power (100 Amp) and 14’ x 14’ overhead door

Zoning: M1

Info: LINK

FOR LEASE: Miami, FL - 16.88 acre IOS

Address: 3025 N.W. 123rd Street, Miami, FL 33167

Features: Secured (9’ concrete wall), paved, lit, and improved yard

Close To: 1-95, 1-75, Gratigny and Palmetto expressways, Miami Intl. Airport and Fort Lauderdale–Hollywood Intl. Airport

Buildings: 3,800 SF office

Zoning: I-U1, City of Miami

Rental Rates: $4.50/SF NNN + $0.27/SF Opex

Info: LINK

SUBLEASE: Oakwood, GA - 8.9 acres IOS + truck terminal

Address: 4079 Chamblee Road, Oakwood, GA 30566

Features: Fully fenced, paved, graveled, and lighted

Building: 24,377 SF truck terminal with 38 doors

Info: LINK