IOS List - June 27, 2023

I-95 is back! News on Criterion, Newmark IOS closings, Port of LA expects volume increases. Nine new IOS deals.

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Opeyemi Faji & Alex Best
June 27, 2023

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NEWS ROUNDUP

I-95 was re-opened after just 12 days

I-95 welcomes back commuters. Congrats to the DOT and Pennsylvania, who reopened the burned-out section of I-95 in only (checks notes) twelve days. This is possibly a first for a public works project, completing it ahead of schedule (and budget?). Three lanes are now open in both directions, which will make life much easier for commuters as construction of a permanent replacement bridge continues. Governor Shapiro stated: “When we work together, we can get sh*t done here in Pennsylvania.” Indeed, sir.

Criterion snags a new IOS deal in NJ. Criterion purchased a 10-acre IOS site in Newark, NJ, and 8.5 acres is available for lease immediately. If interested, reach out to Cushman brokers: Torsten Thaler, Stephen Shoemaker, Jason Barton, and Tom Tucci.

Chelsea Mandel with Ascension put out a great piece on LinkedIn about the intricacies of underwriting IOS deals and the interplay with sale-leasebacks. Chelsea highlighted three recent Ascension deals, including an 11-property portfolio SLB, a combo manufacturing/IOS SLB in Pennsylvania, and a large industrial and outdoor storage SLB in Mississippi.

→ Iconic Equities is hiring a Head of Acquisitions, Southeast: LINK

→ Ryan Guittare with Newmark just sold a stabilized IOS and truck terminal package in Philadelphia on behalf of IG Logistics. Congrats, send details!

→ Mitch Russell and Justin Bell with Newmark just sold a industrial + IOS combo deal at 4705 Ridge Ave in Philadelphia above asking price and with multiple offers. Bravo!

Port of LA budget approved

$2 billion budget approved for Port of LA. The Los Angeles Board of Harbor Commissioners has given a $2 billion budget to the Port of Los Angeles for FY 2023/24 for strengthening infrastructure, bringing sustainability, and driving decarbonization. After an overall slowdown in global cargo, this plan anticipates a modest recovery by a 5.1% increase in cargo volumes, an 8.6% increase in operational revenue, 73.3% in shipping revenue and 15.1% in rentals. The port is requiring drayage trucks to go green in the next few years, which will dramatically increase the need for local IOS deals with heavy power. More on that story to come.

FOR SALE

IOS development site for sale in Fontana, CA

Fontana, CA - 5.28 acre entitled IOS development site

Lee & Associates is offering this 5.28 acre IOS development site at 14044 Whittram Ave, Fontana, CA. The proposed plans include a 4,290 SF shop building with two (2) ground-level doors. It will be delivered fully permitted for truck, trailer storage, and maintenance yard uses. The site will have a 2,628 SF office, parking spaces for 17 vehicles, 125 trailers and 11 tractors. The site is CI (commercial-industrial) zoned land, 2.7 miles from the I-15 via Foothill Blvd, 3.3 miles from the I-10 via Etiwanda Ave, 2.6 miles from the I-10 via Cherry Ave and 4.4 miles from the I-10 and I-15 Interchange. The property is close to the Port of Long Beach and Ontario International Airport. Link to listing: LINK

For more information, contact John Seoane at 909-373-2946, Ryan De Guzman at 909-373-2926 or Victor E. Grady at 949-705-0917.

IOS development site for sale in Statesville, NC

Statesville, NC - 8 acre IOS development site

Equity Commercial Properties is offering this 8 acre IOS development site for sale at 927 Monroe St in Statesville, NC. The site is located in an Opportunity Zone. Sewer and water facilities are available at the site. It is a heavy industrial zoned land at the intersection of Wall Street and Monroe Street with a 1,400’ frontage. The land is directly off to exit at 49B on I-77 and I-40. Asking price is $2,500,000. Link to listing: LINK

For more information, contact John Kindley at 704-677-3048, Frank Harmon at 704-677-5320, Eric Thompson at 704-902-2757 or Lewis Spivey at 704-363-1401.

ISF for sale in Bryan, TX

Bryan, TX - 1 acre ISF Building

Marcus & Millichap is offering this 1-acre ISF at 610 W Carson Street, Bryan, TX 77801. The adjoining yard is fully fenced. It includes a 12,050 SF single-tenant industrial building located off Finfeather Road on West Carson Street. The site has a front office/showroom and a warehouse. The building is metal and has two drive-in doors with 24 parking spaces. The location will be available to lease in August 2023. It is 12 minutes from Texas A&M Campus. Neighbors include Ryder Truck, H&E, Foundation Building Materials, Walmart and HEB. Link to listing: LINK

For more information, contact Ron Handsel at 512-338-7836, Patrick Doherty at 512-338-7855 or David Houston at 512-338-7834.

IOS development site for sale in Richmond, VA

Richmond, VA - 11.4 acre low-coverage industrial development site

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.

IOS development site for sale in Troutdale, OR

Troutdale, OR - 15 acre development site with IOS potential

Kidder Mathews is offering this 15 acre development site for sale at 1459 NW Sundial Rd, Troutdale, OR. The site is a 653,400 SF flat land and offers all basic utilities (water, gas, electricity). The property is a General Industrial zoned land. It is close to Gresham City Hall Transit Stop, Portland International Airport and Gresham Transfer Railroad. Link to listing: LINK

For more information, contact Sean McNamara at 503-721-2738 or Tom Talbot at 503-221-2270.

FOR LEASE

Charlotte, NC - 3 acre outdoor storage

Colliers | Charlotte is offering this combo warehouse + 3.6 acres of industrial yard for lease at 5311 W. WT Harris Blvd, Charlotte, NC 27269. The site is zoned I-2 (CD) and contains a gravel lot, fencing and gate. The site offer short distances to major infrastructure: I-77, I-485, I-85, CSX Intermodal, CLT airport, and Norfolk Southern intermodal. Call for pricing.

For more information, contact Justin Smith at 704-409-2379 or Greg Gosselin at 704-409-2913.

IOS for lease in Ontario, CA

Ontario, CA - 8 acre truck and storage yard

Newmark is offering 8 acres of IOS truck and storage yard for lease at 3801 E. Guasti Road, Ontario, California. The site has a large paved/slag-fenced yard. It has a 4,200 SF office/warehouse with three ground-level doors. The property is close to the I-10 freeway frontage with easy access to the 10, 15, 60, & 210 freeways. It is close to Rancho Cucamonga Commuter Rail and Ontario International Airport. Link to listing: LINK

For more information, contact Rick Sheckter at 562-364-2015 or Steve Sprenger at 714-264-3993 or Randy Lockhart at 909-974-4067.

SLC for lease: IOS property

Salt Lake City, UT - 2.2 acre IOS

SVN Commercial is offering this 2.2 acres Yard Space/Trailer Parking facility for lease along Beck Street in Salt Lake City. The site is fully fenced with two gates and has a road base yard surface with two nearby freeway exits. Apart from truck parking, it was used by CDL driving schools. It has easy access to I-15, I-215 and I-80. The property is close to TRAX Salt Lake/Sandy, TRAX University Lines, Salt Lake Central Station Commuter Rail and Salt Lake City International Airport. Call for pricing. Link to listing: LINK

For more information, contact Chet Barber at 801-783-2064 or Jacob Cserepes at 801-508-2881 or Hayden Houston at 801-508-2881.

IOS for lease in Salt Lake City

Salt Lake City, UT - 7 acre IOS

Cushman Wakefield is offering this 7 acres IOS yard for lease in Salt Lake City at 5 S. 5100 West Salt Lake City, UT 84104. The site is an improved yard with a rail-served facility. The property is 0.5 miles to Interstate I-80, 3.0 miles to Interstate I-215, 2.5 miles to the airport, 2.5 miles to Union Pacific Intermodal Hub, and 6.0 miles to the city CBD. Corporate neighbors are Walmart, Amazon, FedEx and Stadler. Link to listing: LINK

For more information, contact Tom Freeman at 801-303-5449 or Jeremy Terry at 801-303-5561 or Travis Healey at 801-303-5565.

NIKE, STILL THE BEST MARKETER

Nike (and their ad agency Wieden+Kennedy) are still making their mark with this perfect ad. At IOSList, we have lots of nostalgia for the golden decades of advertising in the 60’s - 80’s. So much psychology and cleverness at work. Fun stuff.

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