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IOS List - June 6, 2023

IOS List - June 6, 2023

News on Transport Properties, LA industrial rents, Realterm and windmills. Eight new IOS deals to underwrite.

Alex Best
June 06, 2023

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Now on to the news and listings!

NEWS ROUNDUP

If you were a bit sporty with your taxes, breathe easy.

IOS facilities gaining popularity in DFW Metroplex. Dallas-based Bradford Commercial Real Estate recently sold an IOS Property at 11801 C F Hawn Fwy. The site contains a security guard booth, an electric fence, and a 12,950-square-foot maintenance repair facility on 9.04 acres. It is a sale-leaseback between two major tenants, Semi-Stow & Truck Depot and the site will be used for truck maintenance garages, storage lots, and other equipment rental services.

LA industrial rents on a tear. Despite headwinds with the Port of Los Angeles and negative net absorption of -2.6M SF of industrial space, the LA industrial market is still booming. The industrial vacancy rates for Los Angeles grew slightly to 1.3% and availability at 3.6% in Q1. CBRE is forecasting rent growth of 4.6% on average for each year through 2028 as occupancy remains near 99%. Rate hikes have caused transaction volumes to plummet, down 75% in greater LA in the first quarter.

Realterm in wooden shoes and windmills. Realterm recently closed Marco Poloweg 10, an 18,376-square-meter IOS facility in Venlo, Netherlands. It has a 3,229 square meter building with 18% site coverage and four maintenance bays. This purchase expanded Realterm’s European IOS portfolio to €250M. The fully-leased facility serves parking for heavy vehicles. The site is convenient to A67 and A73 roads connecting Dusseldorf, Amsterdam, Rotterdam, and Antwerp ports. After their recent portfolio recap of $532 million, it seems that Realterm only pursues deals with lots of commas.

Transport Property’s latest acquisition in Columbus, OH

Transport Properties is making moves in the midwest. Transport Properties closed on a 35-acre IOS site at 3455 Alum Creek Drive in Columbus, OH. It has space to park more than 1300 trailers and containers along with terminals for trucks and maintenance facilities. Please reach out to Casey Cunningham for any lease inquiries. Congrats to the team!

FOR SALE

Atlanta metro, GA - 14.43 acre IOS

Lee & Associates is offering this 14.43 acre IOS site at 7950 :Bowen Road Palmetto, GA, with 15,976 SF across 4 buildings. Building specs include an 8,640 SF building with two drive-in doors (14’x12’), a 3,294 SF building, 1,294 SF covered storage and a 2,752 SF building. Around 10 acres is used for IOS. It is fully fenced and has a 788’ road frontage. The property is zoned M-1 Zone (Light Industrial). Easy access to Roosevelt Hwy (¼ mile) and I-85 (2 miles). Nearby are UPS Customer Center, FedEx Ship Center, Hartsfield-Jackson International ATL Airport, CSX Intermodal and Norfolk Southern Intermodal. Link to listing: LINK

For more information, contact Lee & Associates Mark Thomas at 404-442-2832 or Charlie Mitchell at 404-442-2123.

Jacksonville, FL - 11 acre truck terminal

Colliers is offering this 11 acre truck terminal on Pritchard Road/Jones Branch. It is next to Pilot Travel Center and can be used as a drop yard or BTS truck terminal. The property has a crushed rock base, asphalt millings, landing gear pads, and trailer hookups. The site comes under PUD Zone (Planned Unit Development) and has access to Pritchard Rd, Jacksonville Port, Jacksonville International Airport, CSX, Norfolk Southern, and Florida East Coast Rail. Easy access to I-295, I-95, and I-10. Link to listing: LINK

For more information, contact Colliers brokers Joseph Turri at 904-861-1159 and Michael Cassidy at 904-861-1120.

San Diego - Sunbelt Rentals IOS for sale

San Diego, CA - Sunbelt Rentals at 5.75% cap

Marcus & Millichap is offering this IOS with Sunbelt Rentals, the second-largest rental equipment company in the U.S. The original 5-year lease began in March 2020. However, there are two 5-year options with an increase of up to 15% each. The property is a corner lot with direct frontage on Mission Gorge Road (25,000 VPD). Quick access to Interstate-8 and Interstate-15. The site has been used for rental purposes for more than 40 years. Over 350,000 people live within five miles. Close to Mission George Business Park and IKEA, Mission George Plaza. Asking price is $1,670,000. Link to listing: LINK

For more information, contact Marcus & Millichap Rory Shelby at 407-557-3861, Scott Gould at 407-557-3824 and Chris Biuso at 407-557-3841.

Savannah, GA - 30 acre IOS & logistics development site

Berkshire Hathaway | Bay Street Realty is offering this 30.28 acres at 215 Jimmy DeLoach Parkway. The site has 16 acres of uplands, 13 acres wetlands, and 966 ft of frontage. It is P-I-2 zoned heavy industrial and can be used for logistics warehouses, container storage, manufacturing, and outdoor storage. Water, sewer and electric are available. Located within three (3) miles of the Savannah Port and access to frontage on Hwy 21 with CSX Rail. It is five minutes to the airport, 15 minutes to the Port of Savannah, and 15 minutes to Downtown Savannah. Link to listing: LINK

For more information, contact Kim Lyle at 912-484-1330.

Miami, FL - 1.29 acre IOS

The Keyes Company is offering this 1.29 acres of industrial land at 3582 NW 46 St, Miami, FL. Located in Central Miami and is IU-1 zoned for manufacturing, storage, or other industrial applications. Electric, city water and city sewer supply are available. SR 112 provides easy access to I-95 and Palmetto Expressway. Close to Miami International Airport, Fort Lauderdale–Hollywood International Airport, Florida Bulk Transfer, and Port of Miami. Also nearby: Brownsville Transit Stop, Tri-Rail and Metrorail Transfer Station and Opa-Locka Commuter Rail. Currently leased month-to-month. Link to listing: LINK

For more information, contact Alex Wiegandt at 305-772-0751

FOR LEASE

Savannah, GA 4.86 acre IOS site

Bridge Commercial is leasing 4.86 acres of sub-dividable property at 105-115 Jim Benton Court. The site is Zoned LI (Light Industrial) in Chatham County. It has gravel, fencing, and lighting. The location is proximate to I-95 interstate, I-16 and I-516. The Ocean Terminal is 12.4 mi away, and Garden City Terminal is 8.7 mi away. Close to Savannah/Hilton Head International Airport. Asking $8,000 per acre per month. Ready for occupancy in July 2023. Link to listing: LINK

Broker team: Bridge Commercial John Beam at 843-810-6868.

Memphis, TN - 4.5 acre IOS

Cushman Wakefield and Criterion Group are leasing this 4.5 acre IOS site with an 11,916 SF building on 2303 Democrat Road, Memphis, TN 38132. It is a divisible, fenced, lit and paved. The property enjoys easy access to I-240 at Exit 23B, I- 55 at Exit 6A and I-69 at exit 26. The location is strategically positioned between Plough Blvd., Airways Blvd, and Democrat Rd. Close to Southaven, Memphis, Bartlett, Collierville and Memphis International Airport. Click for listing: LINK

For inquiries, contact Cushman Wakefield broker Luke Jensen at 901-240-3454.

Morrisville, PA - 17.1 acre IOS

Binswanger and Criterion Group are leasing this 17.1 acres IOS site at 8 E M-Y Lane, Morrisville, PA 19067. The property is divisible, fenced, lit and paved. The site offers 2 minute access to US Route 1, and onward to I-295 in just 6 minutes. The location is centrally situated between Trenton (7 min), Norristown (49 min), Philadelphia (41 min), and Wilmington (73 min). Click for listing: LINK

For inquiries, contact Binswanger brokers Matt Corrigan at 215-622-0786, Timothy Pennington at 215-407-1272 and Michael Torsiello at 215-448-6210.

ATTENTION: YARD DOGS

Yard Dog is a term for industrial outdoor storage professionals

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