IOS Daily - January 10 - Colliers brokers 6-property IOS portfolio

NEWS ROUNDUP

ACQUISITION: Colliers brokers 6-property heartland IOS portfolio. Colliers Midwest Capital Markets team of Alex Davenport, Alex Cantu, Rachel Patten, and Rachel Bailey facilitated the sale of six IOS properties for a portfolio price of $6,675,000 (8.00% cap rate). The sites are leased to White Cap:

• 3436 Centennial Drive, Fort Wayne, IN

• 3333 Independence Drive, Fort Wayne, IN

• 3201 Roosevelt Avenue, Indianapolis, IN

• 9984 Commerce Park Drive, West Chester, OH

• 910 W Ireland Road, South Bend, IN

• 1900 Watterson Trail, Louisville, KY

ACQUISITION: Catalyst nabs off-market Orlando IOS. On the heels of a recent acquisition in Philadelphia, Catalyst went direct-to-owner to buy this 7,370 SF service facility on 1.93 acres. The seller was JDE Construction. For leasing inquiries, reach out to Cory Kroeger of Kroeger Commercial.

ACQUISITION: Triten aquires Dallas IOS. Triten Real Estate Partners acquired an IOS property at 11300 Kline Drive in Dallas. The 7-acre site includes a 28K SF warehouse and maintenance facility. Purchased in an off-market transaction from an individual seller, the site has been occupied by construction-oriented businesses. 

ACQUISITION: Semi-Stow acquires 20-acre IOS in Colorado from Hampton Yards. The off-market purchase of 3801 East 64th Ave in Commerce City, Colorado is the first acquisition by Semi-Stow in the Denver area. Hampton Yards purchased the property in 2021 and spent two years working with local officials on rezoning and code compliance. Tucker Robinson with Hampton Yards led the sales effort and Robert Gunby, Max White, and Tres Treschke led the acquisition effort for Semi-Stow.

PORTS: Port of NY/NJ volumes down from last year, but up from 2019 levels.

LOGISTICS LIFESTYLE: How freight brokers use Zyn to cope with the grind.

FOR SALE: Phoenix, AZ – 3.2 acre IOS development site with rail access

Address: 3333 W Jackson Street, Phoenix, AZ 85009

Features: Rail access, utilities close by in street

Close To: I-10, I-17, Phoenix Sky Harbor Airport, BNSF Intermodal facility

Zoning: A-1 City of Phoenix (Light Industrial)

Info: LINK

Asking Price: $2,230,272 or $16 PSF

FOR SALE: El Reno, Oklahoma - 44 acre warehouse + IOS  

Address: 6150 E Highway 66, El Reno, Oklahoma 73036

Features: Total 44 acres with 14 acres 8" reinforced concrete, fenced, lit, gated, 40,000 fronting I-40

Close To: Interstate 40

Buildings: 5 buildings totaling 40,000 SF industrial

Zoning: I3 Heavy industrial

Info: LINK

Asking Price: $9,800,000

FOR SALE: Riverside, CA – 5.62 acre IOS

Address: 400-424 Main St, Riverside, CA 92501

Features: Partially paved and graveled

Close To: 60, 91, I-215 Freeways and Ontario International Airport

Zoning: B MP

Info: LINK

FOR LEASE: Lakeside, CA – 1.2 acre IOS

Address: 12485 Highway 67, Lakeside, CA 92040

Features: Rare, graded, leveled yard

Close To: Hwy 67, 52, 125 & I-B

Zoning: M-58 (outside storage, manufacturing by right)

Info: LINK

Rental Rate: $15,158 ($0.29)/month gross

FOR LEASE: Banning, CA – 8.19 acre IOS

Address: SWC of Lincoln St & 4th St, 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 LEASE: Charlotte, NC – 3.3 acre IOS

Address: 700 Griffith Rd, Charlotte, NC 28217

Features: Graveled, fenced, gated, 3 phase power

Close To: I-77, I-85, CLT Airport, Uptown Charlotte

Buildings: 10,500 SF service facility with 1,575 SF office, (5) 14'x12' drive in doors

Zoning: ML-2 (Heavy Industrial)

Rent: Call for details

Info: LINK