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- IOS Daily - December 11 - Phoenix IOS trades for $7.65M
IOS Daily - December 11 - Phoenix IOS trades for $7.65M
R&G brokers 9 acres in Phoenix. Colliers secures truck terminal lease. Truck parking bill stalled. Rig Hut founder shares insights. Six new IOS deals.
Maham Riaz & Matt H
December 11, 2023
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NEWS ROUNDUP
CLOSING: Phoenix IOS trades for $7.65 million. Max Schumacher, Patrick Sheehan, and Jack Hansen with Rein & Grossoehme sold this 9 acre IOS with 94,120 SF of industrial structures in southwest Phoenix at 3502 W Lower Buckeye Rd. Jackie Orcutt and Jonathan Teeter with CBRE sourced the buyer.
LEASE SIGNED: Colliers secures lease in Chula Vista. Colliers brokers Kurtis Blanchard, Evan McDonald, and Mark Lewkowitz sourced a tenant for 875 Energy Way in Chula Vista, CA. The site contains a 28-door truck terminal with excess parking. The same team recently inked another lease for Zenith just a few parcels down. The Colliers team is just dominating this strip.
TRUCK FUNDING: $755 million truck parking bill stuck on yellow in Congress. “It’s interesting because truck parking and this bill is not an issue where there’s any opposition on Capitol Hill, and that’s unique among trucking issues. The biggest challenge is getting this issue to the top of lawmakers’ priority list and getting them to dedicate the time and political capital to moving it forward.” -Bryce Mongeon, Independent Drivers Association
MUST WATCH: Jake Guso with Rig Hut goes deep on truck parking layouts. Jake joins the Xplor Podcast and tells us how to optimize lots to max revenue:
IOS FOR SALE
NNN PORTFOLIO FOR SALE: Evansville, IN and Calvert City, KY
 Warehouse + IOS on 4.72 acres at 2125 Glenview Dr, Evansville, IN 47720 |  Warehouse + IOS on 1.01 acres at 17 Industrial Ln, Calvert City, KY 42029 |
Features: Paved, graveled, lit, fenced gated, 3-phase, utilities, 15 total rollup doors, 265 trailer stalls | Features: Fully paved, fenced, gated, lit, utilities |
Close To: Ohio Valley intermodal rail | Close To: West Lake refinery |
Buildings: 22,415 total SF buildings, 15 total rollup doors | Buildings: 7,170 SF warehouse/office, 3 roll up doors |
Zoning: Industrial | Zoning: Commercial |
Price: $2,844,511 (8.43% cap) | Price: $345,000 (8.00% cap) |
Portfolio Price: $3,189,511 (8.39% cap)
Offering Memo: LINK
FOR SALE or LEASE: San Bernardino, CA – 4.57 acre IOS
Address: 841-849 E Santa Fe St, San Bernardino, CA 92408
Features: Fully fenced and graveled yard
Close To: 215 and 10 Freeways
Buildings: Multiple structures onsite, potential development of 80,076 SF warehouse
Zoning: IL - (Industrial Light)
Info: LINK
Asking Price: $8,958,105
Rental Rate: $0.25/SF NNN per month
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IOS FOR LEASE
FOR LEASE: Chesapeake, VA – 6.62 acre warehouse + IOS
Address: 909-913 Professional Place, Chesapeake, VA 23320
Features: Paved, fenced, lit, gated, ability to expand
Close To: I-64, Greenbrier Parkway, Battlefield Boulevard, Military Highway
Buildings: One (1) 28,700 SF warehouse with 21 van-high doors, 4 dock doors, 3-phase power, column free. One (1) 2,300 SF maintenance shop with two 12'w x 14'h drive-in doors, compressed airlines, reznor heaters.
Zoning: PUD (Planned unit development with light industry/logistics land use overlay)
Info: LINK
Rental Rate: 909 Professional Pl w/ 28,700 SF bldg = $13.75 PSF, NNN; 913 Professional Pl w/ 2,300 SF bldg = $13,500/mo, NNN. Both properties combined = $17.95 PSF, NNN.
FOR LEASE: San Lorenzo, CA – 6.3 acre IOS
Address: 16520 Worthley Drive, San Lorenzo, CA 94580
Features: Fully fenced and paved yard
Close To: Oakland International Airport, Port of Oakland and the Bay Bridge
Buildings: 10,608 SF industrial shop with office on 6.3 acres
Zoning: M2 (General Industrial)
Info: LINK
Rental Rate: Contact broker for pricing
FOR SALE/LEASE: Hudson, FL - 7.47 - 9.67 acre IOS
Address: 10522 Harris Loop, Hudson, FL 34667
Features: Gravel/paved
Buildings: Modular office facility, a work shop, and a service bay, the property fronts US-19 in Hudson, FL with 41,500 ADT
Zoning: Flood Zone X
Info: LINK
ONE MORE THING
Spoke with a retired 20 year trucker last night.
He confirmed my theory on truckers stopping every 4-6 hours.
How to pick markets to invest in:
Follow the major freeways going off truckers stopping patterns or follow Prologis’ heat map.
— Harry Law (@harrylawre)
Nov 19, 2023
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