IOSList - August 25, 2023 - Old Dominion bids $1.5B on Yellow Terminals

NEWS ROUNDUP

1.  Old Dominion bids for $1.5B on Yellow Terminals. OD has entered the chat. Their bid tops the $1.3B bid from LTL peer Estes Express Lines. IOS acquisition teams everywhere are licking their chops in case the terminals are carved up and sold separately. It could be a sale-leaseback bonanza, so fire up your spreadsheets!

2. CLOSING: Ridgecut Road and Brennan JV acquire IOS in Sayreville, NJ. The site contains a 28,500 SF industrial service facility with 14 overhead drive-in doors on 6.5 acres. Dean Brody and Gregg Brody with JLL are marketing the property for lease. Brochure: LINK

3. CLOSING: Everwood nabs off-market IOS via sale-leaseback to Sun Packing. In their first acquisition, Everwood lands an 18-acre IOS with 110,029 SF building located at 10077 Wallisville Rd in Houston. The site boasts an infill location, drive-in and dock-high loading doors, crane service, concrete and gravel stabilization, and is 100% fenced, lit, and secured.

4. LEASE SIGNED: Imperium Capital signs a lease with DryBoxUSA in Denver. “We are thrilled to have secured a long-term lease with DryBox, a major shipping and storage container supplier in the Pacific Northwest region. It is a rare and attractive property that can meet the transportation industry's needs by providing a large, ample area for outdoor storage and trailer parking, or other potential industrial uses,” Matt Trone, Executive Director at Cushman & Wakefield.

5. RV dealer breaks ground on new facility in NC Triad region. General RV put a shovel in the dirt in Salisbury, NC. The site is 40 acres that will house a 71,000 SF showroom and 30 service bays. The lot will accommodate 700 RVs on site. Brokers - time to meet some of the fine folks at General RV. They currently have locations in Michigan, Illinois, Ohio, Virginia, Florida, Utah, and Pennsylvania, with plans to expand.

6. Arizona county murders an IOS rezone. “The process started three years ago when the current owner tried to get an electrical box permit for SRP power. Pinal County advised that an electrical box permit required site plan approval first. Site plan approval can only be obtained after getting approval for an (industrial use permit).” TLDR: municipalities are basically IOS assassins these days.

FOR SALE: Mesa, AZ – 4.52 acre IOS

Address: 303 W Southern Ave, Mesa, AZ 85210

Features: Asphalt covering, gravel paved yard, fire sprinklers, water, gas and power supply

Buildings: Building A: 36,500 SF with 1,300 warehouse storage room, 3,500 SF office, 5 grade level doors 16’x12’. Building B: 37,000 SF with 7 grade level doors 16’x12’, 19’-22’ clear height and column spacing 19’.

Info: LINK

Price: $11,000,000

Broker: Max Schumacher at 480-214-9403 or Patrick Sheehan at 480-214-9405 or Jack Boatman at 480-214-9421.

FOR SALE: San Leandro, CA – 0.76 acre industrial development site

Address: 295 139th Ave, San Leandro, CA 94578

Close To: I-880, I-580, Oakland International Airport, and Port of Oakland

Zoning: Commercial Community District / Assembly Use Overlay District

Info: LINK

Brokers: Mike Murray at 510-285-5361 or Jason Ovadia at 510-285-5360

FOR SALE: Sacramento, CA – 8.65 acre IOS development site

Address: 8905 Alder Ave, Sacramento, CA 95828

Features: 600 feet of South Watt Frontage

Close To: Access to S. Watt Avenue, Highway 50 and Sacramento International Airport

Zoning: M-2S-FF - Heavy Industrial

Info: LINK

Broker: Zac Sweet at 916-717-4768 or Courtney Lee at 916-906-5544

FOR SALE: Baltimore, MD – 1.97 acre IOS

Address: 6608 Fort Smallwood Rd Baltimore, MD 21226

Features: Secure, fenced-in yard with great frontage, 10 cameras, public water and septic, gas available (not installed)

Close To: I-695, Port of Baltimore, Trade Point Atlantic and BWI International Airport

Buildings: 5,000 SF warehouse, 1,800 SF office, LED Shop, 3 drive-ins, 800 amp power, 24’ height in center of shop

Zoning: W-3

Info: LINK

Brokers: Bryan Herr at 443-875-7505, Arvin Gholamrezae at 443-703-5033, or Robert Filley at 202-321-5358

FOR SALE: Sterling, VA – 0.94 acre IOS

Address: 24095 Carters School Rd Sterling, VA 20166

Features: Concrete paved land, secured and well lit

Close To: Old Ox Road via Carters School Road and Washington Dulles International Airport

Zoning: PDGI - heavy industrial and outdoor storage allowed

Info: LINK

Broker: Zach Benlemlih at 202-280-2731

FOR LEASE: Orlando, FL – 1.5 acre IOS  

Address: 603 Central Florida Parkway, Orlando, Florida 32824

Features: Concrete paved land, light poles on site, 3-phase power, available immediately

Close To: Rail line, Orlando International Airport

Zoning: I-4

Info: LINK

Brokers: Jared Bonshire at 407-541-4414 or David Perez at 407-541-4435 or Taylor Zambito at 407-541-4409

FOR LEASE: Birmingham, AL – 3.8 acre IOS

Address: Eagan Road, Birmingham, AL 35207

Features: 6’’ compacted gravel, fully engineered, all utilities available onsite

Close To: I-65, City Center and Birmingham International Airport

Zoning: M-1

Rent: $9,750/mo NNN

Info: LINK

Broker: Sonny Culp at (205) 871-7100 or Jack Brown at 205-871-7100

FOR LEASE or SALE: Dalton, GA – 3.94 acre IOS

Address: 3355 Blake Dr, Dalton, GA 30720

Features: Paved, new fencing and security, 100 truck parks

Close To: Chattanooga Metropolitan Airport, Atlanta metro area

Zoning: M2

Info: LINK

Broker: Rachel Condon at 404-275-5794

FOR LEASE: Templeton, CA - 1.03 acres IOS

Address: 0 8th St, Templeton, CA 93465

Features: Fenced and gated

Close To: San Luis Obispo County-McChesney Field Airport

Info: LINK

Broker: Paul Shannon at 805-440-8031

FOR LEASE: Medley, FL – 7.5 acre IOS

Address: 9501 NW 106th St. Medley, FL 33178

Features: Concrete and asphalt paved lot with fencing, striping, gate, 17 auto stalls and 222 trailer stalls

Close To: FL Turnpike, Hwy 27, I-75, Miami International Airport, Port of Miami

Rent: $12,000/acre/month NNN

Info: LINK

Brokers: Will McFarlin at 770-410-1900 or Nat Weikert at 678-575-4607