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- IOSList - August 8, 2023
IOSList - August 8, 2023
Criterion refis a huge portfolio. Realterm buys Netherlands. Bay Street buys in Savannah. Ten new IOS deals.
This is IOSList, and we are bringing order to a fragmented, $200 billion asset class.
Now, let’s get to it.
NEWS ROUNDUP
Realterm grows their Netherlands IOS portfolio. Realterm announces the acquisition of Hermelijnweg 27 (try typing that one), a low-coverage IOS in Etten-Leur, Netherlands.
Axos Bank refinances a 22-property IOS portfolio. Criterion Group and Columbia Pacific Advisors secured a $132.3 million loan to refinance a 22-property IOS portfolio. Axos Bank provided the five-year, floating-rate loan for this 230-acre portfolio.
CLOSING: Broker Chris Wong sells low-coverage industrial in Carrolton. ACG acquired the fully-leased 10,608 SF industrial property with 37 dock-high doors on 8 acres at 2205 & 2115 Country Club Carrolton, TX from CanTex Capital.
CLOSING: Bay Street Acquires 15-acre Savannah IOS. The transaction marks Bay Street’s third Georgia acquisition of the year. The large infill property boasts heavy industrial zoning, a subdivisible gravel yard, and 2 buildings in a prime location. Available for lease: [email protected].
JLL launches GPT model for CRE. Candidate for the buzz-word Olympics: “For example, JLL's facility managers will be able to use generative AI to transform standard real estate space utilization and portfolio optimization dashboards into dynamic conversations that lead to more actionable decisions.”
The tough road to secure IOS use permits. “Process started three years ago when 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 an approval for an (industrial use permit)…”
THE COST OF MONEY
IOS FOR SALE
FOR SALE: Huntington Park, CA – 1.3 acre IOS
Address: 1981 Belgrave Ave, Huntington Park, CA 90255
Close To: Los Angeles International Airport, Long Beach-Daugherty Field Airport & Port of Long Beach
Buildings: Small building with office on large lot
Zoning: M2
Info: LINK
Broker: James Rose at 424-462-3013
FOR SALE: Cherry Hill, NJ – 2.73 acre IOS development site
Address: 601 Chapel Avenue East Cherry Hill Township, Camden County, New Jersey, 08034
Close To: Philadelphia International Airport & Port of Philadelphia
Buildings: 9,770 SF Office Building
Zoning: (IR) Industrial Restricted and (O1) Limited Office - contractor yard and outside storage are permitted, per broker
Info: LINK
Broker: Steven Marusky at 609-586-1000
SALE/LEASE: Perris, CA - 77,972 SF lot + 13,100 SF building
Address: 2282 Goetz Rd, Perris, CA 92570
Features: 20 parking spaces (77,972 SF lot size), fully fenced, secured and has 600 Amps electrical supply
Close To: Ontario International Airport
Buildings: Two warehouses (each 6,000 SF with 17’ height and two 12×14’ grade-level doors in each) and one office at 1,100 SF
Zoning: General Industrial (GI), the heaviest industrial zoning in City of Perris
Purchase: $4,000,000
Lease Rate: $20,000/mo NNN
Info: LINK
Broker: Josh Hayes at 909-418-2287, Brent Koo at 213-613-3135, or Lex Yoo at 213-613-3137
FOR SALE: Weslaco, TX – 3.25 acre IOS development site
Address: 615 East Business 83, Weslaco, TX 78596
Close To: One mile to Interstate 2, six-minute drive to Mid-Valley Airport
Zoning: Industrial Zoning District with Value-Add Development Potential
Info: LINK
Broker: Adam Abushagur at 972-755-5223 and Ernesto Melgar Campos at 210-343-7817
SALE/LEASE: Stanton, CA - 2.59 acre ISF
Address: 11121 (and 11081) Dale Street, Stanton, CA, 90680
Features: Entirely Fenced & Paved, Dimensions 405’ (Street Frontage) x 551’ x 682’
Close To: Long Beach-Daugherty Field Airport, John Wayne Airport & Port of Long Beach
Buildings: 19,375 SF warehouse with 5,400 SF of office, 6 restrooms, clear span, sprinklered, 15 exterior dock-high loading positions. Additional metal and masonry structures totaling over 10,000 SF.
Zoning: Industrial General (IG), existing CUP allows trucking and freight ops
Info: LINK
Asking Price: $14,795,000, below-market seller financing available
Lease Rate: $68,820/Month Gross
Brokers: Mike Barreiro at 949-355-8500, Devin Ray at 714-322-1252, or Dennis Holt at 949-242-1714
IOS FOR LEASE
FOR LEASE: Savannah, GA - 57,000 SF BTS Warehouse
Address: 774 King George Blvd, Savannah, GA 31419
Features: ESFR fire protection, LED lights, 10’ concrete tilt wall panels, clear span, 29’ in front and 25’ in rear, 16 doors (dock high and drive-in)
Available: December 1, 2023, pre-lease now
Close To: Highway 17+Highway 204 intersection, 5 miles to I-95, 13 miles to Port Savannah, 17 miles to Savannah airport
Info: LINK
Brokers: Oleg Mitnik at 917-656-1682
FOR LEASE: Anaheim, CA – 2.75 acre trailer parking & storage Site
Address: GIC Parking & Storage site at 236 N Magnolia Ave in Anaheim, CA, 92801
Features: Fenced, Secured, Paved, LED Parking Lot Lighting and Electric Charging, 74 Trailer Parking Stalls
Close To: I-5 and SR-91, Ports in LA and Long Beach
Zoning: General Commercial, CUP for trailer parking
Info: LINK
Brokers: Ben Seybold at 714-371-9233, Sean Ward at 714-371-9222, or Keith Greer at 714-371-9209
FOR LEASE: San Diego – 2.79 acre truck terminal facility
Address: 875 Energy Way, Chula Vista, CA 91911
Features: Gated & Secured Yard, 2 POINTS Ingress/Egress
Close To: I-805, I-5, and SR-125
Buildings: 8,220 SF Cross Dock Facility with 27 Dock High Positions with Levelers and 1 ramp
Zoning: IP Zoning
Info: LINK
Broker: Kurtis Blanchard at 760-670-8367, Evan McDonald at 858-353-8669, or Mark Lewkowitz at 858-922-8988
FOR LEASE: Houston, TX - 2.75 acre IOS Yard
Address: 5530 Addicks Satsuma Rd, Houston, TX 77084
Features: Fully Stabilized, Fully Fenced, Security Lighting & Cameras, Automatic Gate And 320 FT Of Frontage.
Close To: I-10 and Hwy-6
Buildings: 2 Metal Awnings and 2 Mobile Offices
Info: LINK
Broker: Juan Fraga at 832-528-9590 or Patrick McKiernan at 713-534-1888
FOR LEASE: Philadelphia, PA - 1.35 acre IOS
Address: 6510-44 Essington Ave, Philadelphia, PA 19153
Features: Secured & Concrete Paved
Close To: Philadelphia Airport, I95, and the Packer Ave Marine Terminal.
Zoning: I3 Heavy Industrial
Info: LINK
Broker: Adam Deeves at 267-621-0705 or Chris Dewey at 610-322-5779
ONE MORE THING
This is the graph of Uber’s operating profit/loss since 2014. Looks like they won’t be paying taxes anytime soon with all those NOL carryforwards. Jeez.
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10:51 PM • Aug 7, 2023
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