IOS List
Posts
IOS List - July 5, 2023

IOS List - July 5, 2023

CapRock buys LA. UPS workers to strike? Timber Hill planning new IOS in Chicago. EV charging for IOS sites. Eight new IOS deals to analyze

Opeyemi Faji & Alex Best
July 05, 2023

Good morning. This is IOSList, and we’ve been freeing IOS information since 2023.

The original IOS: Boston Harbor, 1773

→Try our resources for IOS pros:

Let’s dive in.

NEWS ROUNDUP

CapRock acquires Pico Rivera IOS. CapRock Partners purchased the 3.1-acre Olive Tree Industrial site at 8226 Whittier Boulevard in Pico Rivera, Calif. The property has a 31,000 SF warehouse and a storage yard. “As the supply of existing industrial space in the Los Angeles Basin ages and becomes functionally obsolete in the new era of advanced logistics and distribution, CapRock continues to secure opportunities to strategically reposition underutilized and undervalued assets through our value-add investment platform,” said Mike Kent, senior vice president of asset management at CapRock Partners. Southland CRE brokers Mark Repstad and Carla Chen repped CapRock in the purchase and will be leasing the space.

UPS Teamsters voted to authorize strikes. Approximately 97% of UPS Teamsters voted to provide leaders with the ability to call for strikes. On June 16th, a vote was held to authorize leaders to go on strike if the contract is not completed by July 30, 2023. “Out members are the backbone of UPS, and they are the reason this corporation hauled in more than $100 billion in revenue just last year. It’s time for UPS to pay up.” -Teamsters General Secretary-Treasurer Fred Zuckerman.

Timber Hill teeing up new IOS development in suburban Chicago. Timber Hill Group's request for zoning a warehouse and truck terminal was approved by the DuPage County Board's development committee. The proposed 47,100 SF warehouse and truck terminal would be operated by Mainfreight. In addition, the development would include a fully paved parking lot with 81 loading docks, 44 tractor parking stalls and 86 trailer parking spaces.

EV charging for IOS sites. California has mandated that medium and heavy-duty trucks in the state, which account for one-fifth of California’s greenhouse gas emissions, must be zero-emission by 2045. Electric vehicle charging (and heavy power) are now a requirement for IOS acquisitions and developments in CA. As of mid-2022, there were only 300 electric heavy-duty trucks in California out of a total of 1.8 million trucks on the road. “The road to get there will be littered with the corpses of businesses that no longer are going to be able to afford to do business in California,” said Matt Schrap, CEO of the Harbor Trucking Association, a trade organization that represents drayage fleets on the West Coast.

FOR SALE

Chanute, KS - 4.85 acre IOS at 7.50% CAP

Northmarq is offering this 4.85 acre IOS for sale at 1502 W. Cherry Street in Chanute, KS. The property has a coverage ratio of only 20% and has paved outdoor storage. It is less than 0.3 miles from Highway 169 and less than 2 miles from Chanute Martin Johnson Airport. It is on a lease extension with 5.3 years remaining on Locke Supply's NN lease. Asking price is $1,680,000. Link to listing: LINK

For more information, contact Jason Powell at 404-823-6754 or Colin Couch at 404-823-6376.

Midland, TX - 11 asset warehouse + IOS portfolio at 8.60% CAP

Northmarq is offering an 11-property low-coverage oil & gas portfolio for sale in Midland, TX. The portfolio has a total of 133,380 SF of rentable area with a floor-area ratio of 5.8%. It is occupied by 9 tenants on NN leases (LL handles roof/structure) with a 4 yr WALT. Asking price is $28,600,000. Link to listing: LINK

For more information, contact Brett Butler at 949-662-1277, David Wirgler at 213-417-9370, Nick Phillips at 213-417-9370, or Chris Whelan at 918-884-3125.

Richmond, VA - 11.4 acre low-coverage IOS

NAI Dominion Commercial Brokerage is offering this 11.43 acres of industrial development land at 2811 Rady St, Richmond, VA. It is a rail-served property. The current owner is leveling the lots, preparing road/utilities, and working with local rail authorities to clarify the timeframe for procuring a spur into the site. The property is divided into three plots, all proposed low-coverage and available for sale/lease/build-to-suit. Lot A is 2.5 acres with a proposed 20,000 SF building. Lot B is 3.5 acres, with a 30,000 SF building, and Lot C is 4.5 acres, with a 50,000 SF building. The property is zoned Heavy Industrial M2. Easy access to I-95 and I-64 and close to Richmond International Airport. Link to listing: LINK

For more information, contact Dennis Shubert at 804-346-5000.

Kansas City, KS – 8.53 acre IOS site

This 8.53-acre IOS site is available for sale at 6036 Speaker Rd Kansas City, KS 66111. It is an M-2 (Industrial) zoned parcel perfect for IOS users and tenants. The site has close access to I-70, I-635 and I-70. The survey, geo tech, and approved site plan are available. Asking price is $1,857,834. Link to listing: LINK

For more information, contact Hugh Riley at 913-219-7165 or at [email protected].

FOR LEASE

Hampstead, NC - 4.94 acre ISF

Lee & Associates is offering 4.94 acres of ISF for lease at 220 NC Hwy 210 W Hampstead, NC 28443. The site has a 3,750 SF flex building under General Business (Pender County) zoning. It is used for motor vehicle sales, maintenance, retail and fitness center. The property is close to the Intersection of US 17 and NC 210 and 20 minutes north of Wilmington. Link to listing: LINK

For more information, contact Russell Stewart at 919-576-2506 or 919-909-9779.

Fontana, CA - 2.24 acre IOS Yard

Colliers International is offering 2.24 acres of trailer storage yard for lease at 13484 Colombard Ct, Fontana CA 92335. The yard has concrete paving (7” slab), is fully secured, and has electricity. It has 1,520 SF office space with restrooms and a truck-height transaction window. It has EV charging potential and has parking space for 61 trailer stalls. Designed to accommodate a guard shack with key card access. The property has immediate access to the I-10, I-15, and 60 Freeways. Link to listing: LINK

For details, reach out to Greg Merrill at 909-937-6361.

Conyers, GA – 3.3 acre ISF with 2 Buildings

Wilson Hull & Neal is offering a 3.3 acre ISF for lease at 1250 & 1270 Portman Drive, Conyers, GA 30094. The site includes 2 buildings totaling 14,183 SF with 10’x12’ doors. Building 1 is 12,657 SF with 16.4’ clear height and has 3,000 SF office/showroom with 27 drive-ins. Building 2 is 1,526 SF with 15.1’ clear height and 4 drive-Ins. It is zoned (I-D) Industrial Distribution land, less than a mile from I-20 East and approximately 15 miles from I-285. The property is close to All South Warehouse and ATL Airport. Asking price is: $20,000/NNN month or $2,500,000. Link to listing: LINK

For more information, contact Matt Sirockman at 404-202-2222.

Morrisville PA - IOS parking

Alterra IOS is offering this IOS parking yard for lease at 699 Bristol Pike, Morrisville, PA. The site is build-to-suit for truck trailer parking, bulk materials, and warehouse storage. It is HI (Heavy Industrial) zoned land with immediate access to Trenton, NJ, I-295 and I-95. The property is close to Keystone Industrial Port, downtown Philadelphia and PhilaPort. Link to listing: LINK

For more information, contact Mark Gannon at 610-246-6947.

OLD GLORY

If you spent yesterday grilling meat with Roman candle exhaust, watching The Patriot poolside in Budweiser swim trunks, you are probably a bit “tired” this morning. Here are a few 4th of July facts to distract your colleagues from puffy eyes:

John Adams and Thomas Jefferson were the only 2 signatories of the Declaration of Independence to serve as president. They both died on July 4, 1826.
James Monroe (4th president) also died on July 4th, but in 1831.
Calvin Coolidge was the only president born on July 4th…in 1872.
The Continental Congress actually voted for independence on July 2nd, let’s keep that between us.
In 1781, Massachusetts was the first state to recognize July 4th as a state holiday.
The Liberty Bell in Philadelphia is tapped 13 times on July 4th to commemorate the original 13 colonies.
Americans spend more than $1 billion on fireworks annually.

ZONING SEARCH, SIMPLIFIED

Tired of hunting through muni-code websites for zoning info? We fixed that.

Click above to try ZoningScout

ZoningScout is an AI-enabled chat interface that will spit out the IOS-friendly zoning details for any metro area in the US. This is free resource to our readers. Just type in a city, and our free app will produce the local IOS-friendly zoning codes, permitted and prohibited uses, and link directly to the zoning code for each area.

Help us spread the word by referring colleagues and deal partners to subscribe: ioslist.com

HELP US IMPROVE IOSLIST