IOS Daily - April 8 - Open Industrial buys IOS in Richmond, VA

NEWS ROUNDUP

ACQUISITION: Open Industrial buys 2.24 acre IOS in Richmond, VA. Open Industrial has acquired 11924 Old Stage Road in Chester, Virginia, a suburb of Richmond. The 2.24 acre IOS property includes a 7,500 SF industrial building. The property is located less than 3 minutes from I-95. The Open Industrial deal team included Elmo Alexander. For leasing inquiries, call 301-304-1085 and tell ‘em IOSList sent ya!

ACQUISITION: Jadian buys 6 acre IOS for $17.8M in Elmwood Park, NJ. Jadian IOS has purchased 19 Wallace Street in Elmwood Park, New Jersey, for $17,750,000. Seller was Sanzari Companies. The 6 acre IOS property includes a 43,091 SF warehouse with 5 drive-in and dock doors plus office space. Brokers were Steven Bentolila with Bento Property Group and Solomon Michailow with S2 Property Group. The Jadian deal team included Alex Stahl, Kees t’Sas, Daniel Schuchinsky, and Matthew Hennessy. For leasing inquiries, email the Jadian team.

ACQUISITION: Ocean Block buys 1.6 acre IOS in Lewiston, ID. Ocean Block Capital has acquired 3004 Frontage Road in Lewiston, Idaho. The 1.16 acre IOS property includes a 9,600 SF industrial building. The property is located close to the crossroads of three major highway systems at the border of Idaho and Washington. The Ocean Capital deal team included Joe Ricciuti and Will Markowitz.

LEASE SIGNED: Newmark leases 3.5 acre IOS in Pittsburg, CA. Newmark represented the landlord in the leasing of 1501 Loveridge Road in Pittsburg, California. The 3.5 acre IOS property is part of the Contra Costa Industrial Park project. Spaces are still available to lease. The project is managed by Nick Zankich and his team at Hall Equities Group. The Newmark deal team included Kris Hagar and Tyler Epting.

READ: Cool mobile docks spotted at a Freight Ninja yard.

IOS SPACE NEED

Let’s help an IOSList reader and user find a suitable space. Details:

• Tampa/Pinellas, Orlando (I-4 corridor), and Fort Myers, FL

• Minimum 3 acres

• Existing building or BTS for 16,000-60,000 SF

• Clear span with grade-level loading

• Building footprint minimum 80’ x 200’ for flow

• Use: building supply manufacturing

IOS FOR SALE

FOR SALE: Riverside, CA - 5.62 acre IOS

Address: 400-424 Main St, Riverside, CA 92501

Features: Partially paved and graveled, electric, water, gas, and telecommunication utilities available

Close To: I-215 freeway, SR-60, SR-91, and Ontario International Airport

Buildings: Various metal canopies, sheds, or small stand-alone buildings

Zoning: BMP

Info: LINK

FOR SALE: Lake Worth, FL - 2.86 acre IOS

Address: 2204 7th Ave N, Lake Worth, FL 33461

Close To: Palm Beach International Airport

Zoning: I-POC

Asking Price: $5,780,000

Info: LINK

FOR SALE/LEASE:  Los Angeles, CA – 1 acre IOS

Address: 9005 Miner St, Los Angeles, CA 90002

Features: Paved, gated, rectangular shaped lot

Close To: Alameda St and Firestone Blvd, Port of Long Beach, Los Angeles International Airport

Buildings: 18,460 SF metal building and 4,095 SF metal Shed, 2-ton crane

Zoning: M-1

Asking Price: $4,650,000

Rental Rates: $0.65 per SF/Month

Info: LINK

FOR LEASE: Las Vegas, NV – 8 acre IOS

Address: 5380 Alto Ave, Las Vegas, NV 89156

Features: Paved entrance, asphalt chips for a hard surface, overlay of a stay tar finish, screened fencing, security facility, 24-hour camera monitoring, secure roll gate entrance into individual location

Rental Rates: Contact broker

Info: LINK

FOR LEASE: West Palm Beach, FL - 0.5-1.5 acre IOS

Address: 6811 Belvedere Rd, West Palm Beach, FL 33413

Features: Paved, fenced, drainage system

Close To: Palm Beach International Airport

Zoning: IG - General Industrial

Rental Rates: $4.50 /SF/YR

Info: LINK

FOR LEASE: Kansas City, KS – 14 acre IOS

Address: 701 S 38th St, Kansas City, KS 66106

Close To: Kansas City International Airport

Rental Rates: $0.83 /SF/YR

Info: LINK