IOSList - August 8, 2023

NEWS ROUNDUP

1. 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.

2. 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.

3. 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.

4. 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].

5. 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.”

6. 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)…”

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

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