IOS Daily - April 29 - Realterm buys 8.5 acre IOS in El Paso, TX

NEWS ROUNDUP

ACQUISITION: Realterm acquires 8.5 acre truck terminal in El Paso, TX. Realterm has purchased 150 Inglewood Drive in El Paso, Texas. The property features a 22-door, 15,047 SF truck terminal plus a 4,036 SF maintenance shop. The Realterm deal team included Ed Brickley, Derek Fish, Ben Andreycak, Glenn High, and Brennan Cascarano.

LEASE SIGNED: Alterra leases 6.19 acre IOS in Baltimore, MD. Alterra Property Group leased 1200 Chesapeake Avenue in Baltimore, Maryland, to Herc Rentals. The property includes a 30,892 SF warehouse with 21 drive-in doors. Andrew Meeder and Dan Hudak of MacKenzie Commercial Real Estate Services represented Alterra in the deal.

LEASE SIGNED: CBRE brokers lease of 5.86 acre ISF in Las Vegas. Willmore Industrial Team of CBRE represented the landlord, Outdoor Storage Investment, in the leasing of 3741 Civic Center Drive in North Las Vegas, Nevada. The industrial service facility includes 13,990 SF of industrial improvements. The Willmore team includes Dean Willmore, Alex Stanisic, Mike Willmore, Lauren Willmore and Kyle Kirchmeier.

UPDATE: On April 22, we reported on the acquisition of 1875 Mayfield Road in Odenton, Maryland, by Bay Street Capital Holdings. We can now report that Justin Horowitz of Cooper-Horowitz secured the financing for the deal.

PEOPLE MOVES: Open Industrial has a new CFO. Open Industrial has promoted Stephen Porter to the role of Chief Financial Officer. Stephen previously served as Open Industrial’s Controller for three years.

READ: Why we’re now in the “best buying cycle” in IOS.

FROM OUR PARTNERS

FOR SALE: Los Angeles, CA - 2.91 acre IOS

Address: 13925 South Broadway, Los Angeles, CA 90061

Close To: 110 Freeway, Port of Long Beach, Los Angeles Intl. Airport

Zoning: LCM2 (light industrial)

Info: LINK

FOR SALE: Whittier, CA - 1.12 acre IOS

Address: 12090 Whittier Boulevard, Whittier, CA 90602

Features: Fully-fenced and gated

Close To: 605 Freeway, Long Beach Airport

Building: 480 SF building

Zoning: M2 (light industrial)

Asking Price: $4,999,900

Info: LINK

FOR SALE: Brentwood, MD - 2.2 acre IOS

Address: 4550, 4600, and 4644 Rhode Island Avenue, Brentwood, MD 20722

Features: Improved, fully-leased, Opportunity Zone, inside the Beltway

Buildings: 7,520 SF warehouse (4600 Rhode Island), 4,000 SF warehouse (4644 Rhode Island)

Lease: 100% to Beacon Building Products (NASDAQ: BECN), 4.5 years WALT, below market rents, year 1 NOI of $276,619

Info: LINK

FOR LEASE: Golden, CO – 1 acre IOS

Address: 16351 Table Mountain Parkway, Golden, CO 80403

Close to: Located in the Coors Technology Center

Features: Raw land with partial fencing, no utilities, backs up to Table Mountain rail system

Zoning: PUD

Rental Rates: $3,800/mo Gross

Info: LINK

FOR LEASE: Rockledge, FL - 3.61 acre warehouse + IOS

Address: 222 Yellow Place, Rockledge, FL 32955

Close To: I-95, Cape Canaveral Space Force Station, SpaceX, Blue Origin, NASA

Buildings: 8,550 SF warehouse, 16' clear height, 8 drive-in doors (12' x 12'), 4,995 SF cross-dock facility

Zoning: Light Industrial (outdoor storage permitted)

Rental Rates: Upon request

Info: LINK

FOR LEASE: Highland, CA - 2.80 acre IOS

Address: 27356 5th Street, Highland, CA 92346

Features: Fenced, graveled yard, trucking parking

Close To: 210 Freeway and San Bernardino Intl. Airport

Buildings: 2,500 SF office

Rental Rates: $0.20/SF/month

Info: LINK