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- IOS Daily - February 9 - Zenith buys Bay Area IOS
IOS Daily - February 9 - Zenith buys Bay Area IOS
Zenith buys Bay Area IOS. Steel Peak buys CA IOS for $6.3M. Kidder sells WA IOS for $5.2M. Freight Ninja opens 5 new lots. Columbia National closes $9.3M IOS loan. Six new IOS deals.
Good morning. This is IOSList, and we are exposing the secrets of industrial outdoor storage.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ff160ede-317b-417f-9ae7-2a1b066c8858/Attention_Meme_1.jpg?t=1707354365)
Now, let’s get to it.
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NEWS ROUNDUP
![Zenith buys IOS in Benicia, CA](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/c9258311-4691-482f-a668-849daf3e5f80/benicia.jpg?t=1707336491)
ACQUISITION: Zenith buys 3.11 acre IOS in Bay Area. Zenith IOS has purchased 345 Industrial Way in Benicia, California. The site is conveniently located between I-680, I-780, and I-80 and features a 7,400 SF cross-dock terminal. The Colliers team of Mark Maguire, Justin Smutko, Nick Mascheroni, and Paul Boskovich represented the Zenith team of Stephen Barry, William Romano, Alex Olshansky, and Alex Guider.
![Steel Peak buys 2.5 acre IOS in El Cajon](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/bb658dac-61ea-4e93-ab45-355bc8057366/El_Cajon.jpg?t=1707338480)
ACQUISITION: Steel Peak buys 2.5 acre IOS in El Cajon, CA for $6.3M. Steel Peak has acquired 1324 Magnolia Avenue in El Cajon, California, in an all-cash deal for $6.3 million. The 12,000 SF property includes four buildings and is located only 100 yards away from another Steel Peak property that is 100% leased. Blake Rodgers and Pasha Johnson led the Steel Peak deal team. Cameron Czubernat and Kerry Schimpf of Commercial Properties Group brokered the sale.
![KM sells IOS in Auburn, WA](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/82c33743-de9f-4842-8144-f81a5128746f/Auburn.jpg?t=1707339874)
ACQUISITION: Dalfen buys 2.15 acre IOS in Auburn, WA for $5.2M. Kidder Matthews has sold 214 21st Street SE in Auburn, Washington, to Dalfen Industrial for $5.225 million, or $55.79 per SF of land. The IOS includes roughly 27,000 SF of interior space and a fully-fenced lot. Matt McLennan led the Kidder deal team, while the Dalfen team included John Endres and Rich Weiss.
TRUCK PARKING: Freight Ninja opens 5 new facilities. Freight Ninja has opened five truck parking facilities in Glendale, Arizona; Hammond, Indiana; Memphis, Tennessee (two properties); and Houston, Texas. The facilities in Memphis and Houston are fully-fenced with security gates and 24/7 security monitoring. The Glendale site boasts a security gate, perimeter fencing, and assigned parking. The Hammond facility features electric spots, fuel pump access, and DVR cameras. For leasing information, call 844-303-1501, ext. 1.
![]() | PEOPLE MOVES: Alterra’s Charlie Totten welcomed a new baby girl (Austin) to the family this week - their third! Congrats to the Totten family. I recommend the stroller with the big wheels that can handle crushed gravel. |
FINANCING: Columbia National closes IOS loans in Ohio and Arizona. Kevin Tehan, principal at Columbia National, arranged a $9.275 million Life Co loan for an IOS portfolio in Arizona and Ohio. In a recent LinkedIn post, Kevin called IOS “the latest and greatest asset class to become institutional.”
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/f7134c33-0058-44f6-a815-067f76807467/image.png?t=1705328124)
CAMPS BAY POWER PLAY
Lee Sager with Camps Bay is running a series of IOS polls to collect and report data back to the IOSList community. Click on the image below to register your vote on the LinkedIn poll:
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/f7aae9c5-4ac9-4363-8c97-0d4f36463e2a/image.png?t=1707354429)
IOS FOR SALE
![IOS for sale in Christiana, TN](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/a248ef66-750b-404f-8b13-1783ab99c909/image.png?t=1707382145)
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)
![Warehouse for sale in Cypress, TX](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/7f023636-6c6e-4856-b68a-56c7e1828f42/1.png?t=1707382356)
FOR SALE: Cypress, TX – 1.67 acre low-coverage industrial
Address: 17303 Lewis Drive, Cypress, TX 77433
Features: Fully-fenced, electric gate, well and septic, single phase/250 amp
Buildings: 9,200 SF metal warehouse with 20-16’ clear ceiling height, (3) 12x16’ bay doors, (1) 12x15’ bay door, (1) 12x14’ bay door
Info: LINK
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/9a50c284-2850-4cea-890a-7f2b154ecd7b/Apopka_Riggleman.png?t=1706465294)
FOR SALE: Apopka, FL - 3.23 acre warehouse + IOS
Address: 1733 Benbow Court, Apopka, FL 32703
Features: 100% leased, national credit tenant, fully-fenced, stabilized, and lit
Close To: SR 414, I-4, SR 429
Buildings: 13,384 SF grade-level building in great condition
Zoning: Ind-2/Ind-3 (Orange County), permits outdoor storage
Info: LINK
Asking Price: $4,000,000
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/63d9c081-901a-4fcb-ab43-5f223c03eb68/IOS_List_Line_Break.png)
IOS FOR LEASE
![Jacksonville, FL truck parking](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/be7c7acc-3745-439a-9817-e8ce83f8c36f/Kingpin_Jax.png?t=1707442227)
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
![Mendon, UT IOS for lease](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/ea8dbc2b-95aa-4e5b-aec8-c99f599e533d/Mendon_cropped.png?t=1707442477)
FOR LEASE: Mendon, UT – 40 acre IOS
Address: 6000 W Highway 30, Mendon, UT 84325
Features: Large lot for truck parking, yard space, outdoor storage, gravel yard, and fenced
Close To: Hwy 30, I-15, I-84, I-80, Salt Lake City
Zoning: I (Industrial)
Rental Rates: $1,000/acre/month
![IOS for lease at Newark, NJ](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/e2dd3f17-4ff4-4b16-bea4-e4cd4d37ac89/image.png?t=1707383029)
FOR LEASE: Newark, NJ - 0.65 acre IOS
Address: 13-19 Hyatt Avenue, Newark, NJ 07105
Close To: US Highway 1 and 9, I-78, I-95, Newark Liberty International Airport, Holland Tunnel
Zoning: Industrial
Info: LINK
Asking Price: $15,000 per month (NNN)
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/22962aa0-162d-42fc-a3dd-9fe3e8630e6d/IOS_List_Line_Break.png)
ONE MORE THING
Getting older is all about knowing a guy. A tax guy, a car guy, a plumbing guy, I don’t measure wealth in terms of money, but by how many guys you know
— Brock (@brockomole)
5:18 PM • Feb 3, 2024
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/22962aa0-162d-42fc-a3dd-9fe3e8630e6d/IOS_List_Line_Break.png)
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