IOS Daily - July 15 - Triten buys 5.45 acre IOS in Manassas, VA

NEWS ROUNDUP

ACQUISITION: Triten buys 5.45 acre IOS in Manassas, VA. Triten RE Partners has acquired 9440 - 9480 Contractors Court in Manassas, Virginia. The freight facility features an 11,800 SF warehouse and office. The Triten team is led by Danny Coffman.

ACQUISITION: Jadian closes on 6 acre IOS in Irving, TX. Jadian IOS has acquired 3840 - 3850 Valley View Lane in Irving, Texas. The property features 16,594 SF of indoor space, including a 13,000 SF facility with 9 drive-in doors. The site also boasts direct access to DFW Airport. The Jadian deal team included Kees t’Sas, Alex Stahl, Daniel Schuchinsky, and Matthew Hennessy.

LEASE SIGNED: JLL brokers lease of 7 acre IOS in Frederick, MD. JLL represented the landlord, 1788 Holdings, in the leasing of 4305 Lime Kiln Road in Frederick, Maryland. The property includes an 11,000 SF service building with 6 drive-through doors and 2 loading docks. The JLL deal team included John Dettleff, Dan Coats, Sam Haas, and Geoffrey H. Thomas, Jr.

LEASE SIGNED: Newmark brokers lease of 3.4 acre IOS in Denver, CO. A Newmark team that included Mike Viehmann, Mike Wafer, and Mike Wafer, Jr., brokered the lease of 5699 Dexter Street in Commerce City, Colorado, a Denver suburb. The property includes a 5,500 SF vehicle servicing building, a 5,000 open shed, and a 3,900 office. Newmark represented the tenant, Federal Recycling. NAI Shames Makovsky represented the landlord.

DEVELOPMENT(?): New IOS development listing causes confusion in NJ. Binswanger has listed 6500 Kaighn Avenue in Pennsauken Township, New Jersey, for lease. However, the address is that of a beloved local restaurant, The Pub. The proposed 5 acre IOS development site is actually the property located behind the eatery. The Pub patrons can now sleep easy knowing their charcoal steaks aren’t in danger.

READ: Sunbelt Rentals made 26 acquisitions during its fiscal 2024.

IS E-IOS A NEW ASSET CLASS?

A few weeks ago, we polled the IOSList readers to ask whether IOS specifically for EV truck parking would become a separate and distinct sub-asset class within IOS. The field said:

Overall the responses were balanced, but most felt e-IOS would blend into regular IOS like another ingredient in the stew. Notably, 25 respondents out of 71 felt the EV truck movement was overhyped. We can settle this at the upcoming IOS events in Atlanta and Long Beach (20% off code: IOSList20).

FOR SALE/LEASE: Jacksonville, FL - 12.83 acre IOS

Address: 5196 Pickett Drive, Jacksonville, FL 32219

Features: Fenced, graveled, lit, gated, up to 200 truck/trailer spaces

Close To: 1 mile inside of I-295 loop, 4 miles from downtown Jax,

Building: 2,400 SF metal outbuilding (plus 2,100 SF modular home)

Zoning: IL (Light Industrial)

Asking Price: $3,800,000

Rental Rates: $175/space/month

Info: LINK

FOR SALE/LEASE: Memphis, TN - 22.53 acre IOS

Address: 1684 Florida Street, Memphis, TN 38109

Features: Fully-fenced and secured

Close To: 1.5 miles to I-55 Interchange, close proximity to Memphis Intl. Airport 

Buildings: 5,800 SF shop and 3,500 SF office

Zoning: EMP (outdoor storage permitted by right)

Info: LINK

FOR SALE: Newbury Park, CA - 5.3 acre IOS

Address: 1400 Old Conejo Road, Newbury Park, CA 91320

Features: 2 acres useable, fully-fenced, partially-paved, CHP truck scales adjacent

Close To: 101 Fwy and Oxnard Airport

Zoning: M-1 (Manufacturing)

Asking Price: $2,300,000, seller financing available

Info: LINK

FOR LEASE: Charlotte, NC - 8.875 acre IOS

Address: 4915 Sunset Road, Charlotte, NC 28269

Features: Fully-fenced, paved, and electronic driveway gate

Close To: Site borders an on-ramp to I-77 and is just north of I-85

Building: 12' x 30' office on site

Zoning: I-2 (CD)

Rental Rates: $48,000/month NNN

Info: LINK

FOR LEASE: Covington, GA - 1-12 acre IOS

Address: 1597 Access Road, Covington, GA 30014

Features: Secure, lit, fenced, 6-in GAB surface, and parking for 400 trailers

Close To: Directly off I-20

Buildings: 3,000 SF office

Zoning: CG (General Commercial)

Info: LINK

FOR LEASE: Charlotte, NC - ISF on 5.5 acres of IOS

Address: 2420 Berryhill Road, Charlotte, NC 28208

Features: Fenced and lit

Close To: I-77, I-85, I-277, and CLT Intl. Airport

Building: 8,310 SF service facility on-site, 8 grade-level doors

Zoning: ML-2 (Manufacturing and Logistics)

Rental Rates: Contact brokers

Info: LINK