IOS Daily - December 8 - CAT dealer pays $6.1M per acre

NEWS ROUNDUP

ACQUISITION: CAT dealer buys 2.3 acre yard in Carson, CA for $14.3 million. Colliers brokers Lary Carlton, Kyle Degener, and Amanda DePierro represented Quinn Rental Services (CAT) in purchasing this Class A, 2.32 acre yard at 333 E Gardena Blvd in Carson, CA. This site is Quinn’s 17th location in central and southern California.

IOS SALE: Klabin brokers Compton IOS property. Klabin brokers David Prior, Todd Taugner, and Frank Schulz represented the buyer and seller at 1435 S Santa Fe Ave in Compton, CA. The site is a 1.56 acre parcel with 24,000 SF of warehouse space. Stay tuned to the IOS map for the sale price.

IOS PARTNERSHIP: Quilvest and Axis launch $500M IOS joint venture. Quilvest Capital Partners and Axis IOS are launching a new initiative to expand their IOS holdings across the US. The duo kicked off their joint venture with a 16.8 acre IOS purchase in San Antonio. The pair plans to convert the site from a single user to a multi-tenant IOS campus. Congrats to both teams!

YELLOW: Bankruptcy auction nets $1.9B for truck terminals…so far. After almost a century of operations, Yellow hit the brakes and swerved into bankruptcy on August 6. To pay down debt, the company put 176 terminals up for auction. Who is winning so far?

• XPO bid $870M offer for 28 properties

• Estes, the stalking horse bidder, scored 24 truck terminals for $250M

• Knight-Swift grabbed 13 terminals for $51M

• Saia Inc. won 17 terminals for $236M

READ: White House announces a major logistics plan.

READ: Savills expects European IOS investments to grow 4.5%

HAVE YOU TRIED THE IOS MAP?

Now you can see the entire IOS landscape in a single interface. All of our listings, truck parking, IOS professionals (coming soon), along with sales comp and rent comp data. We are loading in new listings every day. Check it out here!

FOR SALE: Bellwood, IL - 3.02 acre IOS + 2.5 additional acres available separately

Address: 2400 Maywood Dr, Bellwood, IL 60104

Features: Paved, fenced, lit, power, electric plug-ins, video security, above ground fuel tanks, etc.

Close To: Minutes north of I-290 and 25th Ave interchange, close to I-294

Buildings: 48,000 SF HQ and shop maintenance facility

Zoning: I2 General Industrial

Info: LINK

Asking Price: $5,700,000

FOR SALE: Wilmington, CA – 1.01 acre IOS

Address: 1248 Alameda St, Wilmington, CA 90744

Features: Heavy container corridor, fenced, gated, concrete paved industrial yard with docks

Close To: Alameda Corridor, 710, 110 Freeways, Port of Long Beach and Long Beach-Daugherty Field Airport and Los Angeles International Airport

Buildings: 2,400 SF building, small functional shop, two loading 12’ x 12’ GL doors, eight loading DH positions with ramp, 6 offices, 3 restrooms, large breakroom and driver’s lounge

Zoning: M3 (Heaviest Industrial Zoning)

Info: LINK

FOR SALE: New Holstein, WI – 4 properties  

Address: Roosevelt Ave & Park Ave, New Holstein, WI 53061, USA

Features: Well equipped shop/warehouse space

Parcels: 5,682 SF building 1 on 4.73 acres, 6,200 SF building 2 on 1.61 acres, 41,981 SF building 3 on 1.48 acres, 0.69 acres outdoor storage in parcel 4, 0.39 acres of outdoor storage in parcel 5

Info: LINK

Asking Price: $850,000

FOR LEASE: Oakwood, GA - 8.9 acre cross dock + IOS

Address: 4079 Chamblee Road, Oakwood, GA 30566

Features: Fenced, paved and graveled

Close To: I-985, I-85 and the proposed NE Georgia Inland Port

Buildings: 38 door cross dock with 40,000 lb levelers, 80' deep wide

Zoning: M1

Info: LINK

Rental Rate: $42,000 / month NNN

FOR LEASE: Charlotte, NC – 3.3 acre IOS

Address: 700 Griffith Rd, Charlotte, NC 28217

Features: Graveled, fenced, gated, 3 phase power

Close To: I-77, I-85, CLT Airport, Uptown Charlotte

Buildings: 10,500 SF service facility with 1,575 SF office, (5) 14'x12' drive in doors

Zoning: ML-2 (Heavy Industrial)

Rent: Call for details

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