IOS Daily - April 3 - Catalyst buys 2 acre IOS in Orlando

NEWS ROUNDUP

ACQUISITION: Catalyst buys 2 acre IOS in Orlando, FL. Catalyst Investment Partners has acquired 3201 37th Street in Orlando, Florida from JDE Ventures LLC. The 2.02 acre IOS features 14,532 SF of covered storage space. The property is located directly across the street from another Catalyst asset, 3220 37th Street. The Catalyst deal team included Brandon Johnson and Patrick Mullen. For leasing inquiries: Corey Kroeger with Kroeger Commercial.

ACQUISITION: L&A sells 2.2 acre IOS in Hayward, CA. Lee & Associates Oakland has sold 23422 Clawiter Road in Hayward, California. The 2.2 acre IOS includes a small office building. The L&A Oakland deal team included Nathan Vance and Chris Schofield.

ACQUISITION: Everwood buys 5.48 acre cross-dock in Houston, TX. Everwood Real Estate Partners has closed on 102 Bennington Street in Houston, Texas. The 5.48 acre property includes a 23,080 SF warehouse with a covered cross-dock facility and 65 dock positions. The Everwood deal team included Dean Taylor and Rob Wallace. The seller was Southeastern Freight Lines. Jon and Dave Dandurand of Burr & Temkin assisted in the sale. For leasing inquiries, contact Patrick McKiernan and James Mashni of First Houston Properties.

LEASE SIGNED: Colliers leases 5 acre IOS in Indianapolis, IN. Colliers represented the landlord in leasing 2601 W. Minnesota Street in Indianapolis, Indiana. The 5 acre IOS is fully-fenced and surfaced with stone and asphalt millings. The new tenant is 160 Driving Academy, which signed a 36-month lease. The Colliers deal team was led by Korey Ryan.

READ: Ben Atkins of Zenith sums up why IOSList exists: “Because this is a new asset class, there’s not a lot of historical data. There really is no CoStar for IOS. So you build your database of rent on a deal-by-deal basis. The IOS comps for sales and rentals reside in the Excel spreadsheets of the three or four largest operators in the state, of which we are one.”

READ: NAIOP report on manufacturing growth in North America.

FOR SALE/LEASE: Cedar Hill, TX – 7 acre ISF

Address: 1230 S J Elmer Weaver Freeway, Cedar Hill, TX 75104

Features: Frontage and visibility on Hwy 67, fully concrete surface, fully secured with chain link fence, highway signage available, ability to add warehouse or shop facility

Close To:  Hwy 67, Downtown Dallas, and DFW Airport

Buildings: 11,100 SF across 3 buildings

Zoning: M2 (Heavy Industrial)

Asking Price: Contact Broker

Rental Rates: Contact Broker

Info: LINK

FOR SALE BY AUCTION: Charleston, WV - 14.18 acre truck terminal

Address: 2201 and 2209 6th Avenue, Charleston, WV 25387

Features: 30 door cross-dock terminal, $258K NOI, rail line access, 3 miles northwest of Downtown Charleston

Close To: I-64, I-77, West Virginia International Yeager Airport

Buildings: 20,740 SF truck terminal building has 30 operational doors, 12,432 SF warehouse building has 14 bay-level doors

Zoning: Industrial

Asking Price: $600,000 (starting bid) 

Info: LINK

FOR SALE: Rialto, CA - 3.17 acre IOS

Address: S.E. Valley & Willow Boulevard, Rialto, CA 92376

Close To: 10 Freeway, Ontario International Airport

Zoning: F-C (Freeway Commercial)

Asking Price: $9,500,000

Info: LINK

FOR LEASE: Kinderhook, NY – 8 acre IOS

Address: 3067 US 9, Kinderhook, NY 12184

Features: Fenced, gravel, lit, can be paved

Close To:  I-90, I-87

Buildings: Build-to-suit 10,000 SF

Zoning: I-1 Industrial

Rental Rates: $2,200/acre/month NNN

Info: LINK

FOR LEASE: Linden, NJ – 1.62 acre IOS

Address: 401 Commerce Road, Linden, NJ 07036

Features: Fenced, lit

Close To: Route 1 & 9, NJ Turnpike

Buildings: 5,563 SF total building size with 16’ clear height, four (4) drive-in doors (three doors are 12' x 14' and one door is 12' x 12')

Zoning: Industrial

Rental Rates: Contact Broker

Info: LINK

FOR LEASE: Bronx, NY - 2.41 acre IOS

Address: 905 Edgewater Road, Bronx, NY 10474

Features: Fully-fenced, 600 AMPS power, paved, secured parking, EV charging, pavement striping, and concrete pads

Close To:  I-95, I-278, LaGuardia Airport, and JFK Intl. Airport

Zoning: M1-2 HP

Rental Rates: Upon request

Info: LINK