IOS Daily - February 20 - DAUM sells SoCal IOS for $13M

NEWS ROUNDUP

ACQUISITION: DAUM sells 4.5 acre IOS in Upland, CA for $13.2M. On behalf of the Brown Family Trust, DAUM Commercial sold 1369-1379 W. 9th Street in Upland, California to Alterra for $13,228,000. The property features 18,100 SF of warehouse and office space and offers easy access to I-10. The DAUM deal team included Eric Burney and Josh Burney, who will also be handling leasing.

ACQUISITION: Bespoke buys 12.4 acre IOS in Brighton, CO. Bespoke Holdings has acquired 1660-1760 Country Road 27 in Brighton, Colorado. The property includes three buildings totaling 40,000 SF. Bespoke plans to rezone the property before finding a long-term tenant. The Bespoke team includes Blair Eklund, Rob Hamm, Mark Berry, and Louis Abramowitz. Jake Cook and Tom Myers of Ringsby Realty assisted with the purchase.

ACQUISITION: Clear Height buys 2.2 acre ISF in Chicago. Clear Height Properties has purchased 832 S. Central Avenue in Chicago, Illinois. The 2.2 acre industrial service facility (ISF) includes a 60,000 SF structure that Clear Height plans to turn into a 25,000 SF building with 6 interior dock-high doors. Brian Etten of HCB Realty Partners brokered the deal. Clear Height is led by Dominic Sergi, Joe M. Sergi, Gary Rose, R. Todd Barthel, and Robin L. Stolberg.

TRUCK PARKING: Semi-Stow opens truck terminal in Phoenix. Semi-Stow has opened an 11 acre truck terminal at 3045 S. 43rd Avenue in Phoenix, Arizona. The yard features 300+ parking spaces, barbed wire fencing, 4k security cameras, and secure 24/7 access. The property also includes two maintenance buildings totaling 9,000 SF and a cross-dock facility with 2,500 SF of office space. Semi-Stow is currently seeking tenants for the cross-dock and one maintenance building. Click here to book and tell ‘em IOSList sent ya!

PEOPLE MOVES: Realterm is seeking a VP-Investments in Chicago. Realterm’s Chicago office is looking to hire a Vice President of Investments to drive deal activity in the Central Region. The role will take deals from sourcing to closing, 5-10 years experience required. Learn more.

READ: China-to-U.S. container volumes are increasing.

FOR SALE/LEASE: Houston, TX - 5-50 acre warehouse + IOS

Address: 10626 Sheldon Road, Houston, TX 77044

Features: Underground drainage, fully-fenced, well and septic, no MUD taxes

Close To: Port of Houston

Buildings: 20,000 SF clear span warehouse, offices, and maintenance structures onsite

Zoning: None (unrestricted, no zoning, located outside of Houston city limits in Harris County)

Asking Price: $19,500,000

Rental Rates: $2,750/acre/month NNN

Info: LINK

FOR SALE: Christiana, TN - 9.8 acre IOS with CarMax lease

Address: 5501 Miller Lane, Christiana, TN 37037

Features: Paved, lit, fenced, fully-leased, interstate access, newly renovated building, top-of-the-line landscaping

Close To: I-24

Buildings: 3,300 SF office

Zoning: EAC (supports a variety of IOS uses)

Info: LINK

Asking Price: $8,400,000

Lease: 100% leased at $5,000/acre/month ($588,000 NOI)

FOR SALE: St. Louis, MO – 11.96 acre truck terminal, warehouse, IOS

Address: 7400 N. Broadway, St. Louis, MO 63147

Close To: I-70, St. Louis International Airport, Downtown St. Louis

Buildings: 60,000 SF truck terminal with 86 dock doors, 3 warehouse buildings totaling 37,400 SF with 22 grade level doors

Zoning: J (Industrial) and K (Unrestricted)

Info: LINK

Asking Price: $7,500,000

FOR LEASE: Seattle, WA - 16.81 acre IOS

Address: 8249 5th Avenue S., Seattle, WA 98108

Features: Asphalted, lit, fenced, utilities on site

Close To: Port of Seattle, Hwy 99, Hwy 509, I-5

Buildings: 4,000 SF office, covered maintenance area

Zoning: IG2 U/65 (Heavy Industrial)

Rental Rates: $26,136/acre/month NNN

Info: LINK

FOR LEASE: Lithonia, GA – 5.5 acre IOS

Address: 2269 Randall Road, Lithonia, GA 30058

Features: Graveled, lit, fenced, gated single phase power, electric gates, security cameras

Close To: 1.7 miles to I-20, 8.0 miles to I-285

Zoning: LI (Light Industrial)

Info: LINK

Rental Rate: $6,500/acre/month NNN

FOR LEASE: Lee's Summit, MO – 4.72 acre heavy equipment yard

Address: 1100 SE Hamblen Road, Lee's Summit, MO 64081

Features: Fenced, lit, paved, and graveled, drive-thru bays, oversized drive-in doors, floor drains, heavy power

Close To: Hwy 291 and Hwy 50

Buildings: 20,000 SF drive-thru maintenance facility with 10,000 SF office (two 5,000 SF levels), 7 oversized drive-in doors, 3 drive-thru bays, 20' clear height

Zoning: PI (Planned Industrial)

Info: LINK

Rental Rate: $30,000/month NNN