IOS Daily - January 26 - CanTex acquires Fort Worth IOS

NEWS ROUNDUP

ACQUISITION: Newmark brokers IOS in DC metro. The Newmark team of Ben McCarty, Cris Abramson, Nick Signor, and Mac Hollensteiner helped Landon Wyatt and Rob Wyatt of Grenaco Partners acquire a two-asset industrial portfolio at 7601 and 7631 Jefferson Avenue in Landover, MD. The portfolio includes an 18,000 SF truck terminal that is currently vacant and a 2.6 acre IOS storage yard that is fully leased by United Rentals.

ACQUISITION: CanTex Capital acquires IOS in Fort Worth, TX. CanTex, led by principals Romy and Sam Cheema, added to its growing IOS portfolio with the acquisition of 8904 South Freeway in Fort Worth. The site consists of a 56,192 SF building on a 6.3 acre fully paved lot and fronts I-35 West. Rich Young of Rich Young Co. LLC assisted with the transaction.

ACQUISITION: Lee & Associates reps IOS buyer in Atlanta, GA. Connor Winkler of Lee & Associates represented the purchaser in an off-market sale of a 2.89 acre IOS site at 110 Selig Drive SW in Atlanta. The purchaser, a construction services and contracting business, plans to make improvements to the property, which includes a 30,000 SF industrial building.

LEASE SIGNED: CBRE leases IOS in Montebello, CA. CBRE represented the landlord in leasing a 4.25 acre IOS property at 7433-7455 Telegraph Road in Montebello. The property includes an office building, a six-bay service facility, and also has frontage on Greenwood Avenue. The CBRE deal team included Josh Kracke, Jeff Stephens, Blake Wade, and Laird Perkins.

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FOR SALE: Lancaster, CA - 1.27 acre IOS

Address: 42452 5th St E, Lancaster, CA 93535

Features: All utilities available, small shed, house/office recently renovated

Zoning: Heavy Industrial

Info: LINK

Asking Price: $549,000 

FOR SALE: Wilmington, CA – 0.23 acre IOS (multiple lots)

Address: Colon Street, Wilmington, CA 90744

Features: Fenced, concrete paved, can be sold with neighboring 20,039 SF lot

Close To: Long Beach-Daugherty Field Airport, Port of Long Beach

Zoning:  LAMR2

Info: LINK

Asking Price: $3,105,890

FOR SALE: Moreno Valley, CA – 1.5 acre industrial land

Address: 13260 Old 215 Frontage, Moreno Valley, CA 92553

Features: Corner lot with great frontage, all utilities available

Close To: I-215, Eucalyptus Avenue Exit., Ontario International Airport

Zoning: Business Park, allows for up to 50,000 SF industrial/distribution

Info: LINK

Asking Price: $999,000

FOR LEASE: Lithonia, GA – 5.5 acre IOS

Address: 2269 Randall Rd, Lithonia, GA 30058

Features: Graveled, lit, fenced, gated single phase power, electric gates, security cameras

Close To: 1.7 miles to I-20, 8.0 miles to I-285

Zoning: LI

Info: LINK

Rental Rate: $6,500 / acre/ month NNN

FOR LEASE: Pomona, CA - 8.19 acre truck parking

Address: 1408 E Franklin Ave, Pomona, CA 91766

Features: Fully paved, lit, and secured, 206 trailer stalls

Close To: 60-Freeway, Ontario International Airport

Buildings: 5,500 SF office building with driver’s lounge; 4,000 SF shop, 2 position dock platform

Zoning: M-2 General Industrial zoning, with truck and trailer storage CUP in place!

Info: LINK

FOR LEASE: Tempe, AZ - 1.28 - 5.87 acre IOS

Address: 1035 E Curry Rd, Tempe, AZ 85281

Close To: Freeway access, ASU, Phoenix Sky Harbor International Airport

Buildings: 2,200 SF office

Zoning: I-2, County Island

Info: LINK

Rental Rate: Contact broker

Availability: July 2024