IOS Daily - February 26 - Marcus & Millichap brokers IOS in SoCal

NEWS ROUNDUP

ACQUISITION: M&M brokers Santa Fe Springs, CA IOS sale. The DIG Industrial Group of Marcus & Millichap has brokered the sale of 12731 Los Nietos Road in Santa Fe Springs, California. This 1.02 acre property features 4,763 SF of building space and was purchased by an out-of-state investor. The DIG Industrial Group team includes Christian Desnoes and Ron Balys.

ACQUISITION: CoreOne buys 5 acre IOS in Fredericksburg, VA. CoreOne Industrial has acquired 10857 Houser Drive in Fredericksburg, Virginia. The 5 acre property includes a 14,541 SF building currently leased to Verizon. Verizon has occupied the property since 2001 and will continue to occupy the space. Steven Bentolila of Oxford Property Group facilitated the off-market transaction. The CoreOne deal team included Robert DePiero, Corey Isdaner, Cliff Snell, and Kyle Coven.

DEVELOPMENT: JV develops Chicagoland IOS for Mainfreight. Timber Hill Group and Champion Realty Advisors are developing a 57,100 SF truck terminal and office building at 27W364 North Avenue in Carol Stream, Illinois. The property will serve as the North American headquarters for New Zealand-based Mainfreight. The Timber Hill leadership team includes Cary Goldman and Ryan Battistoni, and JD Salazar is the CEO of Champion.

PORT: Port of Los Angeles handled 18% more TEUs year-over-year in January.

PORT: Port of Mobile saw nearly $100 billion in economic impact in 2022.

IOS DATA ADDED

We just added 25 new sales comps to the map! Click here to search listings and comps.

FOR SALE: Cranston, RI – 16.74 acre Warehouse + IOS

Address: 20 Goddard Road, Cranston, RI 02920

Features: Master Plan approved, build-to-suit up to 210,000 SF, high barriers to entry market, multiple uses allowed, highway visibility

Close To: 1 mile to I-95 at Exit 14, highway visibility

Zoning: Industrial M-1 (distribution center, trucking terminal, warehousing permitted by right)

Info: LINK

FOR SALE: Chandler, AZ - 19.63 acre IOS with existing income

Address: 11523-11541 E. Appleby Road, Chandler, AZ 85286

Features: Septic, two on-site wells

Close To: Loop 202 and State Route 87

Zoning: I-2

Tenants: 91% occupied with six tenants, projected year 1 NOI of $720,197

OM: contact broker

Asking Price: contact broker

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 LEASE: Tampa, FL - 7.17 acre IOS

Address: 9516 E. Dr Martin Luther King Jr Boulevard, Tampa, FL 33610

Features: Fenced, lit, paved, drained, drive-thru bays, oversized drive-in doors, dock-high doors, heavy power, frontage, signage

Buildings: 15,000 SF warehouse and 3,000 SF detached office building

Close To: I-4, I-75, US 301

Zoning: (M) Manufacturing - which permits manufacturing, processing or assembling uses, heavy commercial uses, and outdoor storage

Info: LINK

FOR SALE/LEASE: Houston, TX - 5.67 acre IOS

Address: 7503 S. Santa Fe Drive, Houston, TX 77061

Features: Stabilized, fenced, controlled access, utilities nearby, not within 100-year or 500-year floodplain

Close To: William P. Hobby Airport, Ellington Field Airport

Building: 4,368 SF metal office/warehouse

Lease Rate: $2,500/acre/month NNN

Asking Price: Inquire with broker

Info: LINK

FOR SUBLEASE: Lake Worth Beach, FL - 1.39 acre IOS

Address: 2204 7th Avenue N., Lake Worth Beach, FL 33461

Features: 60,606 SF of outside storage yard, additional 1/3 acre may be made available

Close To: Palm Beach International Airport

Buildings: 2,025 SF warehouse, Unit 1 at 3585 Boutwell Road is also available for sublease

Zoning: I-POC - Industrial Park of Commerce (38-Lake Worth Beach)

Rental Rate: $5.50/SF/year Gross (Sublease expires 04/30/25)

Info: LINK