IOS Daily - February 14 - Green Courte buys 40 acre Ft. Worth IOS

NEWS ROUNDUP

ACQUISITION: Green Courte buys 40 acre IOS in Fort Worth, TX. Green Courte Partners (GCP) has purchased 5301 Wilbarger in Fort Worth, Texas. The company plans to use the property as managed truck storage. The GCP deal team included Jordan Kerger and Currey Hall, who will lead GCP’s brand-new Truck Storage Management platform. The seller was TH Logistics Fund I, a JV between Timber Hill Group and Champion Realty Advisors represented by J.D. Salazar.

ACQUISITION: Prologis buys 16.25 acre IOS in Brooklyn for $51 million. Prologis has purchased 2731 W. 12th Street in Brooklyn, from National Grid. Prologis plans to use the land for a parking lot for delivery vans, small trucks and cars, spokesperson Alana Victor said. The sale price was $51 million, or $3.14 million per acre. The sale was managed by a team from JLL that included Stephen Palmese.

ACQUISITION: M&M sells 7.9 acre IOS in Baltimore for $3.35M. Marcus & Millichap brokered the sale of 11145 Redland Court in Owings Mills, Maryland, a suburb of Baltimore. The M&M team of Bryan Herr, Arvin Gholamrezae, Bob Filley, and Brian Hosey represented the seller, Blue Ocean. The buyer was undisclosed.

LEASE SIGNED: B&B arranges lease for 4.5 acre Newark IOS. Blau & Berg arranged the lease of 27 Haynes Avenue in Newark, New Jersey. The 4.5 acre IOS property is adjacent to Newark Liberty Intl. Airport. Alex Conte, Jason Crimmins, and Peter Murano of B&B represented the landlord. B&B’s Laura Crimmins represented ARB Parking, the new tenant.

READ: Guardian Yards adds EV stations at Sacramento truck yard.

READ: NJ raises truck insurance minimum to $1.5M, shocking operators.

FOR SALE: San Francisco, CA - 0.86 acre IOS

Address: 1620 Innes Avenue, San Francisco, CA 94124

Features: Fenced, vehicle wash area with drains, 30 bus and 60 vehicle stalls

Close To: Highway 101, I-280, Port of San Francisco, San Francisco International Airport

Buildings: 2,671 SF warehouse/office building and 37,500 SF yard

Zoning: PDR-1-G

Info: LINK

Asking Price: $11,000,000

FOR SALE/LEASE: Chicago, IL - 32 acre IOS

Address: 12901 Stony Island Avenue, Chicago, IL 60633

Features: Active rail service, 7 barge positions, maintenance buildings

Close To: Immediate access to I-94 at 130th Ave, I-80

Zoning: Heavy (allows for outdoor storage, trucking, heavy manufacturing, car and trailer parking)

Info: LINK

Asking Price: STO

Rental Rates: STO

FOR SALE: San Diego, CA - 3.81 acre Tesla car prep facility + IOS

Address: 9550-9558 Camino Ruiz, San Diego, CA 92126

Features: Tesla single tenant NNN industrial / IOS investment

Close To: I-15, I-805, and I-5 freeways

Buildings: Recently renovated 28,570 SF industrial building with 2 dock-high positions, 5 grade-level doors, and 1,600 Amps of power

Zoning: IL-2-1 (Light Industrial, outdoor storage permitted by right)

Info: LINK

Asking Price: Best offer, $857,100 year 1 NOI

FOR LEASE: Logan, UT - 19.05 acre IOS

Address: 2503 North Main, Logan, UT 84341

Features: Unbeatable location, level site, can be built to suit, utilities onsite

Close To: I-15, I-84, Hwy 89/91, Hwy 252

Zoning: General Commercial / Light Industrial

Rental Rate: $2,500/acre/month

FOR LEASE: Bloomington CA - 47,809 SF truck terminal on 12.03 acres

Address: 2238 S. Lilac Avenue, Bloomington CA 92316

Features: Concrete paved, 44 auto parking stalls, 226 trailer-striped trailer stalls, 800 amps, 277/480 volt, 3 phase power, ESFR sprinklers

Close To: I-10 Freeway and Ontario International Airport

Buildings: 47,809 SF, 85 dock high doors, 1 grade-level loading door, 5,698 SF of two-story office, 26' minimum clear height

Zoning: Heavy Industrial

Info: LINK

FOR SUBLEASE: Los Angeles, CA - 1.89 acre IOS

Address: 2211 E. Washington Boulevard, Los Angeles, CA 90021

Features: Fenced, paved, 2,000 amps, 480 V

Buildings: 9,480 SF storage warehouse

Zoning: M3 (Heavy Industrial)

Info: LINK