IOS Daily - March 1 - TAG Industrial sells Chicago area IOS

NEWS ROUNDUP

ACQUISITION: TAG Industrial sells 27 acre IOS in Chicagoland. The TAG Industrial Group of Marcus Millichap has sold 29870 N. Skokie Highway in Lake Bluff, Illinois. This industrial service facility (ISF), known as the Lake Bluff Business Center, features 3 buildings with drive-in capability. The TAG Industrial team includes Tyler Sharp and Adam Abushagur.

ACQUISITION: Cravey brokers sale of 4 acre IOS in Corpus Christi. Cravey Real Estate Services has arranged the sale of 1330 Spindletop Road in Corpus Christi, Texas. The property offers 2.7 acres of outdoor storage space plus a 11,068 SF warehouse. Cravey’s Scott Fauver represented the seller, Humpal Real Estate, while Rob Stillwell of Newmark represented the buyer, Enterprise Products Partners.

ACQUISITION: Ocean Block buys United Rentals facility in WA. Ocean Block Capital has acquired 6070 Linderson Way S.W. in Tumwater, Washington. The property is currently leased to United Rentals and features more than 60,000 SF of IOS space. The area has an extremely high barrier to entry thanks to a local population of endangered Mazama pocket gophers (for real, watch this video!). The Ocean Block team includes Joe Ricciuti and Will Markowitz.

LEASE SIGNED: Open Industrial leases 5 acre IOS in NoVA. Open Industrial has leased 42450 Cochran Mill Road in Leesburg, Virginia. The new tenant, Titan America, has signed a 10-year ground lease and plans to build on the lot. John Dettleff of JLL represented Open Industrial. Larry Beerman at Alliance CRE repped the tenant.

READ: Supply-chain changes boost Cali-Baja trade.

READ: Guardian Yards adds 16 EV charging stations to truck depot.

IOS SPACE NEEDED:

FOR SALE/LEASE: South Gate, CA - 1.5 acre IOS

Address: 5527 Leeds Street, South Gate, CA 90280

Features: Fully-enclosed, gated and paved yard, multiple ingress/egress points

Close To: 710 Freeway

Buildings: 68,700 SF

Zoning: M3 (heavy industrial)

Rental Rate: $0.66/SF gross

Info: LINK

FOR SALE/LEASE: Houston, TX - 5-50 acre Warehouse + IOS

Address: 10626 Sheldon Road, Houston, TX 77044

Features: Underground drainage, fully-fenced, well and septic, no MUD taxes

Close To: Port of Houston

Buildings: 20,000 SF clear span warehouse, offices, and maintenance structures onsite

Zoning: None (unrestricted, no zoning, located outside of Houston city limits in Harris County)

Asking Price: $19,500,000

Rental Rates: $2,750/acre/month NNN

Info: LINK

FOR SALE: Sanford, NC - 88,000 SF light industrial

Address: 2613 Lee Avenue, Sanford, NC 27332

Features: Newly paved parking, exterior painting completed, fully built out, 5 dock doors, and 2 drive-in doors

Close To: US-1/501 S, I-87, and 421, major highways

Buildings: 2613 Suite A: 28,000 SF (leased until 03/31/2024); 2613 Suite B: 7,000 SF; 2621 Suite: 30,500 SF; 2625 Suite: 22,500 SF

Zoning: LI (light industrial)

Asking Price: Please inquire for pricing

Info: LINK

FOR LEASE/SALE: Fort Worth, TX - 21 acre warehouse + IOS

Address: 1346 Markum Ranch Road E., Fort Worth, TX 76126

Features: All 21 acres are stabilized with gravel, fenced, gated, and lit

Close To: I-20 Frontage, I-30, I-820 Loop, 14 miles to Fort Worth

Buildings: 12,000 SF building with 4 bathrooms, 8 private offices, 1 conference room, break room, 2 dock-high doors, 2 drive-through doors

Zoning: Unincorporated Fort Worth ETJ

Rental Rate: Contact broker

Info: LINK

FOR LEASE: Seattle, WA - 16.81 acre IOS

Address: 8249 5th Avenue S., Seattle, WA 98108

Features: Asphalted, lit, fenced, utilities on site

Close To: Port of Seattle, Hwy 99, Hwy 509, I-5

Buildings: 4,000 SF office, covered maintenance area

Zoning: IG2 U/65 (heavy industrial)

Rental Rates: $26,136/acre/month NNN

Info: LINK

FOR LEASE: Pasadena, TX - 16 acre IOS

Address: 12901 Bay Park Road, Pasadena, TX 77507

Features: Raw land, all utilities available

Close To: West Fairmont Parkway and Bayport North Industrial Park

Rental Rates: Contact broker

Info: LINK