IOS Daily - January 5 - Catalyst acquires ISF in Philadelphia

NEWS ROUNDUP

ACQUISITION: Catalyst acquires 5.4 acre ISF in Philadelphia. New York-based Catalyst Investment Partners closed on 8800 State Road in Philadelphia, adding a new ISF to their growing portfolio. The site includes a 14,151 SF service facility on 5.4 total acres. The seller was Faropoint, and the deal was brokered by Mitch Russell from Newmark

ACQUISITION: Realterm acquires 32-door truck terminal in NY. Realterm purchased 80 W. Nyack Road in Nanuet, NY on December 22. The terminal sits on 5 acres and offers convenient access to I-287. “The property will enable transportation groups to service both the broader New York/New Jersey region and the surrounding dense consumer population from a central and accessible location.” -Ed Brickley, Realterm

LEASE SIGNED: Lee & Associates inks IOS lease in Denver. Matt Nora and Kirk Vanino with Lee & Associates Denver represented a local landlord in signing tenant BCOMM Constructors LLC to an IOS lease at 30 S Raritan Street in Denver, CO. The site includes a 16,421 truck maintenance facility on 4.78 acres. Click the headline for a great story on getting the deal closed.

POLITICS: Election year policy items that could impact IOS. The Biden administration may tackle three logistics-related policy items: 1) independent contractor versus employee status for truckers; 2) carbon emissions from heavy trucks; 3) various infrastructure bills that will contain earmarks for truck parking.

READ: Prologis makes two bold predictions for 2024. 

FOR SALE: Houston, Texas - 13.2 acre Warehouse + IOS

Address: 6415 Mesa Drive Houston, Texas 77028

Features: Highly stabilized, gated, fenced, utilities, lighting

Close To: 5 minutes from Loop 610 & Beaumont Hwy

Buildings: 2 buildings with total 17,500 SF:

• 10,000 SF 2 story building with 7,500 SF Class A office and 2,500 SF warehouse

• 7,500 SF warehouse with metal grade level building with 3 bay doors

Info: LINK

Asking Price: $11,500,000

FOR SALE/LEASE: Houston, TX - 2.54 acre low-coverage industrial

Address: 8428 Market St, Houston, TX 77029

Features: Fenced and stabilized yard, 1.04 acres of concrete trailer parking, 1.5 acres of excess storage yard and LED lights

Close To: I-10, 610, Port of Houston, Ellington Field and William P. Hobby Airport

Buildings: 15,000 SF office and warehouse space, 5,000 SF office space, tilt wall construction, 2 dock high loading doors, 24’ clear height, 2 drive-in bays

Info: LINK

Asking Price: $3,900,000 

Rental Rate: $7,200/AC/Month

FOR SALE: Kansas City, KS – 8.53 acre IOS

Address: 6036 Speaker Rd, Kansas City, KS 66111

Features: 8.5 acre industrial development site

Close To: I-70, I-635, BNSF Intermodal

Zoning: M2 Heavy Industrial, catering to IOS users

Info: LINK

Asking Price: $1,857,834

FOR SALE: Orlando, FL – 1.35 acre warehouse + IOS

Address: 11052 Satellite Blvd, Orlando, FL 32837

Features: Corp. guaranteed NNN lease, 3% annual increases, tight industrial sub-market

Close To: Hwy 441, Central Florida Pkwy, Florida Turnpike, ORL Airport

Buildings: 9,534 SF warehouse with 3 grade-level doors and open shop space

Zoning: IND-4

Info: LINK

Asking Price: $2,250,000 (7.00% cap)

FOR LEASE: Newark, NJ - 2.25 acre IOS

Address: 46-58 Albert Ave. Newark, NJ 07105

Features: Paved/gravel

Close To: Rte. 9, I-95, Port of Newark and Newark Liberty International Airport

Zoning: Industrial

Info: LINK

FOR LEASE: Puyallup, WA - 2.3 acre Industrial Yard

Address: 210 23rd St SE, Puyallup, WA 98372

Features: Paved, gravel, fenced and secured

Close To: State Route 410, 167, 161 and 512

Buildings: 2,313 SF two-story office (1,533 SF on the first floor,780 SF on the 2nd floor), 672 SF storage shed

Zoning: ML – Industrial (Puyallup)

Info: LINK

Rental Rate: $30,000 per month, plus NNN

FOR LEASE: Stockbridge, GA – 1.34 acre IOS

Address: 675 Red Oak Road, Stockbridge, GA 30281

Features: Fenced, gravel, lit, utilities on site

Close To:  I-285 and I-75, Exit 224/Eagles Landing Parkway and Hartsfield-Jackson International Airport

Buildings: 3,200 SF office building

Zoning: LI - Light Industrial

Info: LINK