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- IOS Daily - January 17 - Colliers sells Long Beach IOS for $4M per acre
IOS Daily - January 17 - Colliers sells Long Beach IOS for $4M per acre
Alterra + ConGlobal = 4 property SLB. Colliers sells Long Beach IOS for $8M. Transport Prop finalizing Chicago IOS development. Industrial pros launch Steel Peak. Six new IOS deals.
Maham Riaz & Matt H
January 17, 2024
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NEWS ROUNDUP
ACQUISITION: Alterra + ConGlobal partner on portfolio sale-leaseback. Alterra IOS acquired four IOS properties totaling almost 90 acres with over 50,000 SF of buildings that are leased back to ConGlobal Industries. The sites are located in the New Orleans, Houston, St. Louis and Jacksonville MSAs, in proximity to key port and rail infrastructure, and they allow container stacking. Parker Pearson led the acquisition effort for Alterra.
DEVELOPMENT: Transport Properties is in final stages of Chicago IOS development. Transport Prop is finalizing site work at their 30-acre IOS development at 3000 E. 106th in Chicago. MAT construction is working on the seawall stabilization and landscaping portion of the project currently. For leasing: Windy City Truck Parking.
DISPOSITION: Colliers sells Long Beach IOS for $4 million an acre. Colliers brokers Tom de Jong and Jacob Becher sold 1301 E Spring Street in Long Beach, CA for $8 million to buyer InSite. The site is 2 acres and leased to Rain For Rent for $0.42 per SF per month on a 13-month term.
LEASE SIGNED: Realterm secures renewal lease with yacht manufacturer. Realterm announced the lease renewal of its IOS facility located at Kanaalstraat 18 in Oss, Netherlands with Heesen Yachts. The yacht manufacturer will occupy approximately 30% of the site area. The Realterm deal team included Alberto Fossati, Leonie Kierkels, Robin van der Sluis, and Shankar Narain.
NEW IOS SHOP: Veteran industrial pros form Steel Peak. Former JLL broker Blake Rodgers and former PSRS debt broker Pasha Johnson have launched Steel Peak to acquire IOS throughout SoCal. The duo is targeting assets from $5 million to $50 million and their “strategies span value-add, re-leasing, sale-leaseback and built-to-suits among others.” Congrats to Blake and Pasha, send them some deals!
TOP IOS BROKERS WANTED
Hundreds of calls a day. Enough caffeine to kill a wooly mammoth. Bit loafers and Tahoe ski trips. If you are a top IOS deal maker, submit your creds now and be recognized. Are you a dual threat sales and leasing broker? Submit for both:
IOS FOR SALE
FOR SALE/LEASE: Ruskin, FL – 5.88 acre warehouse + IOS
Address: 1001 24th St SE, Ruskin, FL 33570
Close To: 3 minutes (1 mile) to I-75
Buildings: Build-to-suit 10,000-30,000 SF with ~3 acres of outdoor storage
Zoning: PD (Planned Development)
Info: LINK
Rental Rate: Call for pricing
FOR SALE: Fort Worth, TX – 4.2 acre IOS
Address: 3614 McCart Ave, Fort Worth, TX 76110
Features: Absolute NNN lease, new 10-year term, 3.5% annual rent increases, tax free state, tenant is SRS Distribution (high growth, privately held, strong credit), renovated in 2023
Close To: I-20, I-30, I 35W, Downtown Fort Worth
Buildings: 30,000 SF with 22’ clear height, 1 drive-in ramp, 1 grade level & 3 dock-high doors, fully sprinklered
Zoning: Storage lot is zoned “I” Light Industrial and Building lot is zoned “K” Heavy Industrial
Info: LINK
Asking Price: $8,000,000
FOR SALE: Bellwood, IL - 3.02 acre IOS + 2.5 additional acres available separately
Address: 2400 Maywood Dr, Bellwood, IL 60104
Features: Paved, fenced, lit, power, electric plug-ins, video security, above ground fuel tanks, etc.
Close To: Minutes north of I-290 and 25th Ave interchange, close to I-294
Buildings: 48,000 SF HQ and shop maintenance facility
Zoning: I2 General Industrial
Info: LINK
Asking Price: $5,700,000
IOS FOR LEASE
FOR LEASE: El Paso, Texas – 4.5 acre warehouse + IOS
Address: 12933 Montana Avenue, El Paso, Texas 79938
Features: Paved, lit, fenced, gated, 3 phase power, 40,000+ VPD
Close To: Hwy 62 (Montana Ave), Loop 375, I-10, El Paso International Airport
Buildings: 10,000 SF warehouse with (2) 16' x 16' grade level doors and another 3,000 SF warehouse with 900 SF office, (2) 10' x 12' Grade Level Doors
Zoning: County of El Paso, Texas (No Zoning)
Info: LINK
Rental Rate: Call for rate
FOR LEASE: Savannah, GA - 3.16 - 11.7 acre trailer yard
Address: 54 Sonny Perdue Dr, Savannah, GA 31408
Features: 268 trailer parking spaces, 10" gravel, 4' concrete dolly strips, fully fenced with manual gate
Close To: 4.5 miles from the Port of Savannah, I-16, I-95, Savannah/Hilton Head International Airport
Availability: Entire trailer yard is 11.7 acres. with 3.16 acres available June 2024 and 8.54 acres available September 2024
Info: LINK
FOR LEASE: Lynwood, CA – 30,000 SF IOS
Address: 11350 Wright Rd, Lynwood, CA 90262
Features: Fenced and paved truck parking
Close To: Great access to 105 and 710 Fwys, 11 miles to port
Info: LINK
ONE MORE THING
Local sushi place has an $19 all you can eat deal.
Except they bring you one roll at a time.
Slowly.
So you get bored and full after 30 minutes and leave.
Your price. My terms.
— Michael Girdley (@girdley)
Jan 14, 2024
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