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- IOS Daily - April 5 - K2/Bear partnership buys 5 acre IOS in Savannah
IOS Daily - April 5 - K2/Bear partnership buys 5 acre IOS in Savannah
K2/Bear buy Savannah IOS. Open Industrial buys Tampa area IOS. Elmwood buys Charleston IOS. Wood Village leases Oregon IOS. Six new IOS deals.
Katherine Peach, Maham Riaz & Matt H
April 05, 2024
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NEWS ROUNDUP
ACQUISITION: K2 and Bear buy 5.13 acre IOS in the Savannah area. K2 Real Estate Capital and Bear Development have partnered to purchase 440 Telfair Road in Garden City, Georgia. The 5.13 acre property includes a 11,000 SF warehouse, concrete landing pads, and an external loading dock. Justin Horowitz of Cooper-Horowitz arranged the financing. The K2 deal team was led by Mitch and Rob Kaplain. For leasing inquiries, contact Sebastian Findlay of Colliers.
ACQUISITION: Open Industrial buys 2.7 acre IOS in the Tampa area. Open Industrial has acquired 4206 National Guard Drive in Plant City, Florida. The 2.7 acre IOS property features a 10,000 SF building with office and shop space. The property is currently leased by Cook Construction. The Open Industrial deal team included Sam Ashe.
ACQUISITION: Elmwood acquires 1.36 acre IOS in Charleston, SC. Elmwood Capital Group has purchased 7164 Bryhawke Circle in Charleston, South Carolina. This is Elmwood’s first South Carolina acquisition. The Elmwood deal team included Elliot Sassover, Max Stern, Noah Zeligman, and Joseph Friedenberg. Brooks Upington Courtney and Alex Shields of Bridge Commercial assisted with pre-leasing the site.
LEASE SIGNED: Capacity Commercial brokers lease on 18.4 acre IOS in Oregon. Wood Village Land Co. has leased 24001 N.E. Sandy Boulevard in Wood Village, Oregon, a Portland suburb. The 18.4 acre IOS includes four industrial buildings totaling 37,769 SF. The new tenant is Sutton Trucking, which signed a five-year lease with a total value of $5.7 million. Mark Childs of Capacity Commercial brokered the deal.
READ: The impact of the Baltimore bridge collapse on logistics. “IOS properties are likely to experience a drop in demand due to drayage and equipment storage needs. However, the clearing of the bridge wreckage and subsequent need to store equipment for its reconstruction should offset this temporary loss of demand from logistics operations.” -Realterm
INDUSTRIAL SPONSOR SEEKING LP CAPITAL
 | I spoke with a sponsor recently about an interesting deal in Boise, ID. Sourced off-market, it is a hybrid industrial + IOS play. Equity check around $12 million. If you want an intro, email us here. |
IOS FOR SALE
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 Intl. 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: Bellwood, IL - 3.02 acre IOS + 2.5 additional acres available separately
Address: 2400 Maywood Drive, Bellwood, IL 60104
Features: Paved, fenced, lit, power, electric plug-ins, video security, above-ground fuel tanks, etc.
Close To: I-290 and 25th Ave. interchange, I-294
Buildings: 48,000 SF HQ and shop maintenance facility
Zoning: I2 (General Industrial)
Asking Price: $5,700,000
Info: LINK
FOR SALE/LEASE: Baytown, TX - 7.1 acre IOS
Address: 16600 FM 2354, Baytown, TX 77523
Features: New construction, fully stabilized, fenced, and lit, connections in place for mobile office
Close To: Hwy 146, 99, and Port of Houston Container Terminals
Zoning: ETJ
Asking Price: Contact broker
Info: LINK
IOS FOR LEASE
FOR LEASE: Alpharetta, GA – 10 acre IOS
Address: 310 Tidwell Drive, Alpharetta, GA 3004
Features: Graveled, will subdivide to fit client’s needs
Close To: GA 400, brand new interchange coming in, I-285
Buildings: 5,000 SF, build-to-suit office, warehouse with 2 drive-in doors
Zoning: LI
Rental Rate: Contact broker
Info: LINK
FOR LEASE: Newark, NJ - 1.42 acre EV truck parking
Address: 1-23 Tompkins Point Road, Newark, NJ 07114
Features: Paved, gravel, gated, power, New Jersey’s first high-end EV truck parking, eight (8) Level 3 chargers, sixty (60) Level 2 chargers
Buildings: 1,000 SF trailer office with HVAC and public sewer
Close To: Routes 1 and 9, Newark Port, New Jersey Turnpike, and Newark Liberty Intl. Airport
Zoning: Industrial (I-3)
Available: Q1 of 2025
Rental Rates: $30,000/acre/month
Info: LINK
FOR LEASE: Glendale, AZ - 5 or 10 AC IOS
Address: 7190 N. 110th Avenue, Glendale, AZ 85307
Features: Asphalt, lit, cinderblock fence, gated, city water and sewer hookups, 2 ingress/egress
Close To: Loop 101, Glendale Ave, Westgate, and Arizona Cardinals Football Stadium
Zoning: M1 - Light Industrial, City of Glendale
Rental Rates: $7,000/acre/month NNN
Info: LINK
ONE MORE THING
Mass timber is a great rebrand of "wood" or "logs". Almost as good as gravel lots rebranding to IOS.
— Mr. Flywheel 🔺 🇺🇸 (@flywheelinv)
Mar 30, 2024
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