IOS Daily - December 13 - IOS sells for $6 million in Glendale, AZ

NEWS ROUNDUP

CLOSING: Glendale AZ IOS trades for $6 million. Nick DePaul and Chad Kirkorsky with Citywide Commercial represented the seller in this transaction at 7314 North 110th Avenue in Glendale. The site contains a 15,444 SF warehouse on 3.2 acres. The buyer was a national heavy equipment company.

LEASE SIGNED: Colliers secures off-market lease in Indianapolis. Colliers broker Jeorge Manley leased a 9.19 acre site with 13,275 SF of structures at 3434 Harding Street in Indianapolis to an equipment rental company. The site is zoned I-4 heavy industrial and has proximity to the new I-465 and I-69 interchange in south Indianapolis.

FUNDING: OakNorth lends £29 million for two UK IOS facilities. The facility from OakNorth is funding the purchase of the 50-acre Leyland Business Park in Lancashire and and 90-acre Melton Commercial Park in Leicestershire for the joint venture between ALMCOR and Cerberus European Capital Advisors. [Editor’s note: try typing that sentence three times fast]. The purchase is part of a €500 million effort to rollup a European IOS portfolio.

READ: Atlanta take a hit as imports return to the West Coast ports.

MUST WATCH: John Borsellino and Chris Lantz with FreightNinja on the What The Truck podcast:

FOR SALE: Missoula, MT – 7 acre warehouse + IOS

Address: 8129 Cowboy Trail, Missoula, MT 59802

Features: Gated, 3 phase power

Close To: Less than one (1) mile to I-90 and Highway 200, Bonner West Log Yard TEDD (Targeted Economic Development District)

Buildings: 38,617 SF building with 3,300 SF of office, 3 phase power (2000A 480Y/227V), 43' clear height, four (4) 30-ton cranes with two (2) 15-ton hoists, two (2) 30'x30' rolling doors, two (2) 20'x20' rolling doors, well, septic and fire flow suppression via hydrant

Zoning: Industrial Center Heavy - Missoula County

Info: LINK

Asking Price: $6,000,000

FOR SALE or LEASE: Charlotte, NC - 30.8 acre warehouse + IOS

Address: 3300 Westinghouse Blvd, Charlotte, NC 28273

Features: Existing ±74,000 sf rail-served warehouse with an additional ±14 acre outside storage yard, on Norfolk-Southern rail line

Close To: I-77, I-485, I-85, Charlotte Douglas International Airport

Buildings: ±74,000 SF of warehouse with 8 dock doors, 5 rail served dock doors, 1 drive-in door, ±6,100 SF office building, and a ±4,100 SF admin building

Zoning: ML-2 & ML-1

Info: LINK

Asking Price and Rental Rate: Contact brokers for pricing

FOR SALE: Glendale, AZ – 39.5 acre IOS

Address: 11748 W. Glendale Ave, Glendale, AZ 85307

Features: Large heavy industrial site with multiple short leases in place

Close To: Loop 101, 5 minutes from Arizona Cardinals Stadium

Zoning: M2 City of Glendale Heavy Industrial

Info: LINK

Asking Price: $14,800,000

FOR LEASE: Newark, NJ - 2.25 acre IOS

Address: 46-58 Albert Ave. Newark, NJ 07105

Features: Paved/gravel

Close To: Rte. 9, I-95, Port of Newark and Newark Liberty International Airport

Zoning: Industrial

Info: LINK

FOR LEASE: Gardena, CA – 2.52 acre IOS

Address: 555 W 189th St, Gardena, CA 90248

Features: 100% concrete, secured with guard shack

Close To: Immediate 110/405 Freeway access, proximate to Ports of Los Angeles & Long Beach

Zoning: M2 (Zoned for trailer storage use)

Info: LINK

FOR LEASE: South Plainfield, NJ – 2.5 acre warehouse + IOS

Address: 330 Oak Tree Ave. South Plainfield, NJ 07080

Features: Paved, fenced, gated with security guard from 6:00am - 8:00pm, 70 parking spaces

Close To: I-287 & Rte. 9

Buildings: 23,335 SF maintenance facility, 3 dock-high, 6 drive-ins

Zoning: M3 Industrial

Info: LINK