IOS Daily - June 7 - CBRE brokers $5.84M IOS in Otay Mesa, CA

NEWS ROUNDUP

ACQUISITION: CBRE brokers $5.84M sale of 2.9 acre IOS in Otay Mesa, CA. CBRE represented the buyer, AMK Auto Group, in its acquisition of 7680 Paseo De La Fuente in Otay Mesa, California. The property provides direct access to the new Otay Mesa II Port of Entry on the U.S./Mexico border. The CBRE deal team included Ramin Salehi, John Smith, and Joe Smith.

ACQUISITION: Matthews brokers $11M sale of 2 Midwest properties. Taylor Dintzner of Matthews REIS represented the seller, SiteOne Landscape Supply, in the sale of two IOS sites. The properties are located at 11864 Chesterdale Road in Cincinnati, Ohio, and 2515 Semco Drive in Belton, Missouri. A private investor purchased both properties at a 6.55% cap rate.

LEASE SIGNED: Blau & Berg leases 5.5 acre IOS in Newark, NJ. Blau & Berg has arranged the lease of 87 Doremus Avenue in Newark, New Jersey. The property features an 11,200 SF building. The Blau & Berg team of Jason Crimmins, Alex Conte, and Peter Murano represented the landlord. Troy Schaafsma, also of Blau & Berg, represented the new tenant, Caucasus Auto Import.

LEASE SIGNED: Open Industrial leases 1 acre IOS in Ashland, VA. Open Industrial has leased 11183 Air Park Road in Ashland, Virginia, to Southwind, the biggest 1-800-GOT-JUNK? franchisee in the U.S. The property includes a 7,000 SF warehouse. The Open Industrial deal team included Jared Okun, Joshua Gurland, and Michael Hutton. Muscoe Garnett and Jake Servinsky of JLL assisted with the transaction.

READ: Truck drivers spend 58 mins per day in search of parking.

FOR SALE: Mundelein, IL - 19.45 acre IOS

Address: 750 Allanson Road, Mundelein, IL 60060

Features: Heavy trailer parking permitted, build-to-suit opportunity

Close To: I-94, ORD airport, CN rail

Zoning: M-1

Asking Price: Subject to offer

Info: LINK

FOR SALE/LEASE: Albuquerque, NM - 14.32 acre warehouse + IOS

Address: 245 Woodward Road S.E., Albuquerque, NM 87102

Features: Gated, heavy power (3-phase 480 volt), significant 2023 renovations

Close To: I-25, Albuquerque Intl. Airport

Building: 8 buildings: 82,348 SF warehouse, 6,588 SF office, 23,456 SF (combined paint booths, shop area, sandblasting sheds). 45 overhead doors total.

Zoning: NR-LM (Light Manufacturing)

Asking Price: $13,000,000

Rental Rate: $90,000/month NNN 

Info: LINK

FOR SALE: Savage, MN - 13.15 acre IOS

Address: 9099 West Highway 101 Frontage Road, Savage, MN 55378 

Building: 1,000 SF maintenance shop including 2 drive-in doors and office space

Zoning: Industrial

Info: LINK

FOR LEASE: Linden, NJ - 30-dock terminal on 1.6 acres

Address: 975 East Linden Avenue, Linden, NJ 07036

Close To: US Hwy 1 and 9, I-95, I-13, and Newark Airport

Building: 12,500 SF building, 30-dock terminal, suspended gas heat, sprinkler system, clear span

Zoning: Industrial

Info: LINK

FOR LEASE: Carlstadt, NJ - 4.9 acre warehouse + IOS

Address: 245 Paterson Plank Road, Carlstadt, NJ 07072

Features: Dirt road, slab poured, walls up, roof on, 800 amp power 

Close To:  Direct exits to Rt. 3, Rt. 17, Rt 46, I-95, I-80, and Teterboro Airport

Building: 47,500 SF building with 3,600 SF office, 14 loading docks, 1 grade-level door, 28 trailer spaces, 37 car spaces, 40' ceiling height, 200' building depth

Zoning: LIB (Light Industrial B)

Info: LINK

FOR LEASE: Phoenix, AZ - 10,000 SF warehouse + IOS

Address: 24348 North 11th Avenue, Phoenix, AZ 85085

Features: Fenced and gated, laydown yard, outdoor storage, landscaping, vehicle storage, commercial parking, equipment storage

Close To: NWC 11th Ave and Alameda Road, near TSMC Chip Plant and Deer Valley Airport

Buildings: 10,000 SF warehouse with covered truck parking

Zoning: L-2

Info: LINK