IOS Daily - February 22 - Realterm buys 3 IOS from Yellow Corp bankruptcy sale

NEWS ROUNDUP

ACQUISITION: Realterm buys 3 properties in Yellow bankruptcy sale. Realterm has acquired 3 IOS truck terminals in the Northeast as part of Yellow Corp.’s bankruptcy proceedings. The properties include 10.4 acres at 95 Concort St. in North Reading, Massachusetts; 7 acres at 750 County Line Road in Line Lexington, Pennsylvania; and 7 acres at 2110 Plainfield Pike in Cranston, Rhode Island. The Realterm deal team included Managing Director Ed Brickley and Senior VP of Investments Derek Fish.

ACQUISITION: Realty Income buys IOS portfolio for $19.5M. Dave Faris of Berkeley Capital Advisors has brokered the sale of five IOS properties in Florida, Georgia, North Carolina, Tennessee, and Wisconsin to Realty Income, a real estate investment trust (REIT). The final transaction price was $19,528,120. The properties have a combined acreage of 22.5 acres and are currently occupied by Sunbelt Rentals.

ACQUISITION: Jadian buys 3.6 acre IOS in Tampa, FL. Jadian IOS has acquired 6001 N. 50th Street in Tampa, Florida. The Jadian deal team included Alex Stahl, Kees t’Sas, Daniel Schuchinsky, and Matthew Hennessy. For leasing inquiries, email the Jadian IOS team and tell them IOSList sent ya!

ACQUISITION: Investors acquire 27 acre IOS in Chicagoland. Matt Lewandowski of DarwinPW Realty represented a group of investors in the acquisition of 29870 N. Skokie Highway in Lake Bluff, Illinois, a suburb of Chicago. The asset is comprised of 26.82 acres of land and three buildings totaling 67,869 SF. The buildings are currently leased to 11 tenants, while 7 outdoor acres have been developed for outdoor storage.

LEASE SIGNED: AK Commercial Properties leases 5 acre IOS in Glendale, AZ. AK Commercial Properties signed a 63-month lease of 12417 W. Glendale Avenue in Glendale, Arizona, to Freight Ninja. The newly-asphalted IOS features power and water access, as well as key-code gated access, security cameras, and lighting. The AK Commercial Properties deal team included Jordan Tennant and Brett Ranta.

READ: ATRI releases list of most congested truck bottlenecks in U.S.

FOR SALE: Channelview, TX - 4.81 acre warehouse + IOS

Address: 15221 Market Street, Channelview, TX 77530

Features: Sale-leaseback, paved site, extensive renovations to building on site, fenced, 3 phase power

Close To: I-10, Beltway 8, Port of Houston

Buildings: 44,000 SF warehouse space with 12,248 SF of office, 4 dock doors, 3 drive-thru doors

Info: LINK

Asking Price: $8,999,680

Brokers: Murphy Sloan at 972-636-5231 or Andrew Wiesemann at 318-267-1074

FOR SALE: Banning, CA – 8.19 acre IOS

Address: SW Corner of Lincoln Street & 4th Street, Banning, CA 92220

Features: Utilities nearby. Corporate neighbors include a 1M SF Skechers warehouse, a 133-door Estes Express terminal, and 14.9 acres recently purchased by Brown Strauss Steel.

Close To: I-10 Freeway visibility and Palm Springs International Airport

Zoning: Industrial Zoned

Info: LINK

Asking Price: $10,702,692

FOR SALE: Jacksonville, FL - 0.94 acre IOS

Address: 3836 William Street, Jacksonville, FL 32254

Zoning: LI (Light Industrial)

Buildings: One 1,680 SF structure

Asking Price: $399,999

Info: LINK

FOR LEASE: Laredo, TX - 1 - 3 acre IOS

Address: 13908 Copper Drive, Laredo, TX 78045

Features: 100 Trailer parking spots available, well-lit areas, 24/7 surveillance, security guards, detailed entry logs, safety of assets

Close To: Unitec Industrial Park, Flying J, I-35, US-Mex border

Buildings: Office available upon request

Rental Rates Per Space: $230, flexible lease terms

Info: LINK

FOR LEASE: Brisbane, CA - 6.63 acre IOS

Address: 3435 Bayshore Boulevard, Brisbane, CA 94005

Features: Drop yard, graded and rocked

Close To: Highway 101, San Francisco International Airport

Rental Rate: $0.60 Gross PSF

Info: LINK

FOR LEASE: Longmont, CO - 7.8 acre IOS

Address: 250 Disc Drive, Longmont, CO 80503

Features: NextLight fiber service available, 5MW onsite, scalable to 10MW

Close To: Clover Basin Business Park, SR 119, Vance Brand Airport

Zoning: N-PE

Rental Rates: $0.69/SF/year

Info: LINK