IOS Daily - February 28 - InLight sells Atlanta IOS

NEWS ROUNDUP

ACQUISITION: InLight sells fully-leased Atlanta area IOS. InLight Real Estate Partners has sold 2733 Forest Parkway in Ellenwood, Georgia, a suburb of Atlanta. The property is located just off I-675 and includes 5.5 leaseable acres. The InLight leadership includes Jeff Berryhill, David Burch, and Matt DiLeo.

UPDATE: On Monday, we ran a story about an IOS transaction at 12731 Los Nietos Road in Santa Fe Springs, CA. We found out the buyer was Dalfen Industrial via Rich Weiss. Congrats!

ACQUISITION: Knight-Swift plans to buy 10 Yellow Corp. leases for $2.2M. Carrier Knight-Swift is adding to its truck terminal portfolio by acquiring 10 Yellow Corp leases. The terminal locations are in Colorado, Georgia, Idaho, Kansas, Missouri, and Nebraska. Knight-Swift has already purchased 13 properties through Yellow’s bankruptcy auctions.

DEVELOPMENT: Transport Properties developing build-to-suit IOS in Chicago. Transport Properties is developing a storage and maintenance facility for a national bus company. The property is located in the Fulton Market District of Chicago. The Transport Properties team includes John Collins, Timothy McCahill, Jim Kurtzweil, Matt Mullen, and Joe Feeney.

→PEOPLE MOVES: Faropoint is seeking a Construction Manager in Dallas. Faropoint is hiring a Construction Manager for its Texas investments team. The ideal candidate will have 2-5 years of similar experience. Job responsibilities include leading buildout and capital improvements, as well as performing due diligence on new property acquisitions. Apply here.

READ: Chicago suburb bans new warehouse & logistics development.

IOS SPACE NEEDED!

FOR SALE: Venus, TX - 46.5 acre warehouse + IOS

Address: 2030 V.V. Jones Road, Venus, TX 76084

Features: Fully-fenced, graveled, well and septic, ETJ, new building, 5 acres paved

Close To: Hwy-67, Hwy, 287, I -35W, I-35E

Buildings: 7,500 SF building, 3 drive thru/6 grade level, oversized door

Zoning: Grand Prairie ETJ

Asking Price: $7,300,000 ($973/SF)

Info: LINK

FOR SALE: Blacklick, OH - 7.2 acre low coverage industrial

Address: 6608 Taylor Road, Blacklick, OH 43004

Features: Graveled, fenced, lit, utilities onsite

Close To: I-270 and John Glenn Airport

Buildings: 56,000 gross SF spread out between five industrial buildings, one service room, and one showroom

Zoning: Community Service District (Outdoor storage permitted)

Info: LINK

Asking Price: $3,150,000

FOR SALE: San Diego, CA - 3.81 acre warehouse + 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: Camden, NJ - 11.2 acre IOS

Address: 1435 River Ave, Camden, NJ 08105

Features: Heavy duty gravel, fenced, lit, gated

Close To: I-676, I-76, I-95, I-295, Port of South Jersey/Philadelphia

Building: 6,750 SF service facility with office, 6 drive-in doors

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

Rental Rates: $9,750/acre/month NNN

Info: LINK

FOR LEASE: Jacksonville, FL - 4.5 acre truck parking

Address: 3401 Clifford Lane, Jacksonville, FL 32209

Features: Graveled, lit, fenced, gated

Close To: 5 minutes to downtown, 20 minutes to Jaxport

Zoning: IL

Info: LINK

Rental Rates: $175/space/month + tax

FOR LEASE: Channahon, IL – 6.8 acre truck parking

Address: 3581 Amoco Road, Channahon, IL 60410

Features: Fully fenced, LED lighting, keypad entry/exit, concrete drop pads, cameras, assigned spaces, electric plug-ins, snow removal, CSX rail spur access.

Close To: I-55, I-80

Zoning: M-2

Asking Price: $225 per spot/month