IOS Daily - June 5 - Open Industrial buys 8.77 acre IOS in Manassas, VA

NEWS ROUNDUP

ACQUISITION: Open Industrial buys 8.77 acre IOS in Manassas, VA. Open Industrial has acquired 10589 Redoubt Road in Manassas, Virginia. The property includes 56,000 SF of warehouse and office space and is currently 100% leased to Builders FirstSource. The financing for the deal was sourced by Justin Horowitz of Cooper Horowitz. JLL’s Metro DC Industrial team brokered the deal. The Open Industrial deal team was led by Elmo Alexander.

ACQUISITION: Colliers brokers sale of 5.75 acre IOS in Lubbuck, TX. Colliers repped the seller in the sale of 7011 Zenith Avenue in Lubbock, Texas. The site features a 12,432 SF warehouse and 5 acres that have been stabilized for heavy equipment storage. Worldwide Rental Service is the tenant. Troup Rolland of Capital RE Investments represented the company in-house on the buy side. The Colliers deal team included Todd Moore, Trey Horne, and Connor Duffy.

LEASE SIGNED: DryPort leases 2.66 acre IOS in San Antonio, TX. DryPort Capital/Riggy’s has leased 6600 Lancer Boulevard in San Antonio, Texas, to US Foods. US Foods signed a 5-year lease on the property. The DryPort deal team was led by Mike Burney and David Olson. The landlord was represented by Ty Bragg of Cavender & Hill, while CBRE’s Robert Burlingame represented US Foods.

PEOPLE MOVES: IOS specialist promoted at L&A. Lee & Associates South Florida has promoted Rodrigo Calderon to the position of Vice President. Calderon joined L&A as an Associate in 2021. He specializes in IOS and vacant industrial sites and is knowledgeable about freight forwarding, distribution, and food processing. Congrats, Rodrigo!

→ HIRING: Catalyst is hiring an Investments Analyst. Catalyst Investment Partners is looking for a new Investments Analyst. The position is based in New York City. If interested, send your resume to Max Heiden, Dan Haroun, or Brandon Johnson.

READ: How Eagle Pass, Texas, has become the U.S.’s fastest-growing border crossing

FOR SALE: Detroit, MI - 1.1 acre warehouse + IOS

Address: 3245 Hubbard Street, Detroit, MI 48210

Close To: I-96, I-75, I-94, Norfolk Southern Rail

Features: 2,000 amps, 240 volts, 3-phase power, green zone approval, 3 parcels, 2 NNN tenants

Building: 36,000 SF 2-story warehouse with 19’ - 28’ clear height, 3 grade-level doors, and 3 truck wells

Zoning: SD2 (Special Development District)

Asking Price: $550,000 starting bid

Info: LINK

FOR SALE/LEASE: Mulberry, FL - 10 acre IOS

Address: Cozart Road and SR37, Mulberry, FL 33860

Features: Fenced with 24' sliding gates

Close To: CSX Railroad within feet of the property.

Zoning: Heavy Industrial

Asking Price: $2,000,000

Rental Rates: $3500/month/acre NNN

Info: LINK

FOR SALE/LEASE: Las Vegas, NV - 9.89 acre cross dock + IOS

Address: 13850 South Decatur Boulevard, Las Vegas, NV 89054

Features: High-speed warehouse, fully-fenced, paved, trailer parking

Close To: I-15, Sloan Road, minutes to LV Raiders HQ and practice facility, Henderson Executive Airport, Harry Reid Airport, Vegas Strip

Building: 36,810 SF building with 3,000 SF oof office space, 44 dock-high doors, 4 grade-level doors, motorized security gates, ESFR fire sprinkler system, 1,200 amps, 277/480 Volt, main electrical service

Zoning: IL (Industrial Light, Clark County)

Asking Price: TBD

Rental Rates: $74,000/month base rent + opex

Info: LINK

FOR LEASE: Kearny, NJ - 2 acre ISF

Address: 286 Central Avenue, Kearny, NJ 07032

Close To: Route 1, I-95, NJ Penn Station, I-78, Ports Newark and Elizabeth, Holland Tunnel, Lincoln Tunnel

Building: 16,500 SF maintenance facility with 3 TB, 8 DI loading, 14’ ceiling height, gas suspended heat, wet sprinkler system

Zoning: Industrial

Info: LINK

FOR LEASE: Atlanta, GA - 1 acre IOS

Address: 412 Sawtell Avenue S.E., Atlanta, GA 30315

Features: Concrete paved, fenced, utilities available

Close To: 2,000 SF, 3-bay garage building also available for lease

Building: I-75, Atlanta Intl. Airport, Moreland Avenue

Zoning: I-2 (Heavy Industrial)

Rental Rates: $6,000/acre/month 

Info: LINK

FOR LEASE: Secaucus, NJ - 4.35 acre IOS

Address: 614 New County Road, Secaucus, NJ 07096

Close To: I-95, I-280, US Hwy 1 & 9, I-78, and Ports of Newark & Elizabeth

Building: 17,104 SF, 18’ clear ceiling height, 10 DI loading, gas suspended heat, wet sprinkler system, 10 DI loading bays

Info: LINK