IOS Daily - January 24 - Open Industrial acquires two IOS in SC

NEWS ROUNDUP

ACQUISITION: Open Industrial acquires two IOS in South Carolina. Open Industrial recently closed on two IOS in Gaffney, SC. The sites combine for 15,000 SF of building area on 13 acres of the heaviest industrial zoning These properties are strategically located between I-85 and Route 29, and close to many large national tenants including Freightliner’s Custom Chassis HQ. Both sites are fully improved and ready to lease: call 304-304-1085.

ACQUISITION: Alignment Realty Capital closes IOS in Tucson, AZ .  Alignment closed on another IOS deal in Arizona, this time at 1621 South 4^th Avenue in Tucson, AZ. The site is 2.55 acres and is leased to B&R Auto Wrecking. Alignment’s team includes Ben Sacks, Slade Sumners, Gary Linhart, and Jake Gallagher. The Ascension Advisory team helped source the deal: Chelsea Mandel, Nina Argotte, and Spencer Freid.

ACQUISITION: Colliers brokers IOS in Indianapolis. The Colliers team of Alex Davenport, Alex Cantu, Rachel Patten, and Rachel Bailey helped The O’Donnell Group round-trip 1950 Stout Field West Dr in Indianapolis. The site includes a 43,884 SF warehouse on over 4 acres. Tenant Micronutrients USA has occupied the space since 2001.

READ: Maryland to receive $15 million for EV charging network.

READ: How Walmart pays its truck drivers six figures.

FOR SALE: Cranston, RI – 16.74 acre warehouse + IOS

Address: 20 Goddard Road, Cranston, RI 02920

Features: Master Plan approved, build-to-suit up to 210,000 SF, high barriers to entry market, multiple uses allowed, highway visibility

Close To: 1 mile to I-95 at Exit 14, highway visibility

Zoning: Industrial M-1 (distribution center, trucking terminal, warehousing permitted by right)

Info: LINK

FOR SALE: South Bend, IN – 12.52 acre Forward Air Truck Terminal

Address: 24805 US-20, South Bend, IN 46628

Features: Improved with asphalt & concrete, well lit, fenced with automated entry, income upside from renting the vacant 19,000 SF

Lease: Forward Air Inc. occupies 80% of the property, NNN lease with 3 years remaining and two (2) options of five (5) years each, $394,828 in-place NOI

Close To: I-80/90 Toll Road, South Bend International Airport

Buildings: 74,000 SF truck terminal with 40 dock-high doors, 10,160 SF trailer repair facility with 7 drive-in doors

Zoning: I (Industrial District)

Info: www.sale-24805.com 

Asking Price: $5,200,000 (7.59% cap rate)

FOR SALE: Jacksonville, FL – 4.37 acre IOS

Address: 6840 Keithan Rd, Jacksonville, FL 32220

Features: Truck parking, onsite utilities, multiple entry points

Close To: I-295

Buildings: 924 SF building

Zoning: IL (Light Industrial)

Price: $2,300,000

Current Income: $9,200/mo

Info: LINK

FOR LEASE: Charlotte, NC - 2.39 acre IOS

Address: Yorkwood Dr, Charlotte, NC 28217

Features: Fenced and graveled

Close To: I-77

Zoning: ML-2

Info: LINK

Rent: $10,450/mo NNN

Availability: Feb 2024

FOR LEASE: Van Nuys, CA – 1.5 acre IOS

Address: 15385 Oxnard St, Van Nuys, CA 91411

Features: 65,424 SF of yard (divisible to 14,370 SF and 51,054 SF), 197 parking stalls, fully fenced/gated

Close To: Adjacent to Oxnard St/Sepulveda Blvd Intersection and I-405 Freeway

Zoning: M-2

Info: LINK

Rental Rate: $32,712 per month

FOR LEASE: Salt Lake City, UT – 1.5 acre IOS

Address: 1018 South 500 West, Salt Lake City, UT 84101

Features: Fully fenced and secured, new road base installed

Close To: I-15, Salt Lake City International Airport

Zoning: General Commercial

Info: LINK

Rental Rate: $10,000/mo NNN

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