IOS Daily - March 22 - Almcor/Cerberus buy 30 acre UK IOS for $25.5M

NEWS ROUNDUP

ACQUISITION: Almcor/Cerberus buy 30 acre IOS in UK for $25.5M. JV partners Almcor and Cerberus Capital Management purchased a 30 acre IOS in Bridgwater, UK. The property is currently leased to multiple tenants. The purchase price was 20 million pounds (roughly $25.5 million). The JV previously purchased 2 other UK properties: a 48 acre IOS site in Preston and a 90 acre business park in Melton Mowbray. The JV deal team included Almcor’s Peter McCluskey.

ACQUISITION: Semi-Stow opens 12.5 acre truck yard in Columbus, OH. Semi-Stow opened a 12.5 acre truck yard at 3815 Lockbourne Industrial Parkway in Columbus, Ohio. The yard features more than 375 parking spaces with a combination of crushed concrete and asphalt surface. The property is fully-fenced with 4K cameras and stadium lighting. Spaces can be reserved daily, monthly, or longer term. The Semi-Stow team is led by Dennis Nabors.

ACQUISITION: InLight sells 10 acre IOS in Atlanta metro area. InLight Real Estate Partners sold 2700 Turner Hill Road in Lithonia, Georgia, an Atlanta suburb. The 10 acre IOS includes 401 paved truck parking spaces. The InLight deal team included Jeff Berryhill, David Burch, and Matt DiLeo.

ACQUISITION: Panther brokers sale of 2.4 acre Florida IOS for $2.4M. Panther Capital Group has brokered the sale of 4004 15th Street E. in Bradenton, Florida. The 2.38 acre IOS property sold for $2.4 million and offers 5,364 SF of indoor space. The IOS is currently leased by H&E Equipment. The Panther deal team included Guillermo de Nicholas and Zac Pakizer.

EV PARKING: Axis opens its first EV charging depot in Vernon, CA. Axis IOS opened its first private EV charging facility at 4441 E. 52nd Street in Vernon, California. The site is located conveniently close to the Ports of Los Angeles and Long Beach and features 34 Level 2 chargers and 8 Level 3 DC fast chargers. The site is available for fleets to lease. The Axis team is led by Crawford Arnold, Jamie Coffin, and Joe Killefer.

READ: Biden administration unveils power grid plan for electric trucks.

FOR SALE: Milwaukee, WI - 6.47 acre warehouse + IOS

Address: 6001 N. 91st Street, Milwaukee, WI 53225

Features: 5 paved acres, vacant in July

Close To: I-41 and Highway 175

Building: 21,890 SF warehouse with 8,741 SF office, 15,000 SF attached outdoor garage, 2 drive-in doors, 21' clear height

Zoning: Industrial-Light 1

Asking Price: $4,500,000

Info: LINK

FOR SALE by AUCTION: Ukiah, CA - 7.63 acre IOS

Address: 3150 Taylor Drive, Ukiah, CA 95482

Features: Sewer and water, eligible for 13.5 KV/800 amps

Close To: Frontage on Hwy 101 (21,700 VPD)

Building: 23,000 SF steel canopies, 2,400 SF freestanding garage structure, and a small single-story office structure

Zoning: I-2 Heavy Industrial

Auction Bidding: $1,290,000 minimum bid, $2,500,000 suggested value

Info: LINK

FOR SALE: Phoenix, AZ - 1.13 acre IOS

Address: 2820 S. 36th Street, Phoenix, AZ 85034

Features: Water, sewer, and SRP electric on site, crushed aggregate/ABC base ground covering in place

Close To: I-10, SR-143, Loop 202, Sky Harbor Airport

Zoning: A-2 (heaviest industrial zoning in Phoenix)

Info: LINK

Asking Price: $1,500,000

FOR LEASE: Winston Salem, NC – 10 acre truck parking

Address: 3105 N. Glenn Avenue, Winston Salem, NC 27105

Features: Paved, fenced, gated, safety facility

Close To: I-40, I-74, I-73, I-85

Zoning: LI

Rental Rates: $2,500/acre/month

Info: LINK

FOR LEASE: Wylie, TX - 1-5 acre IOS

Address: 4010 State 78, Wylie, TX 75098

Features: Secured and graveled

Close To: Major highways

Rental Rates: $17,500/month

Info: LINK

FOR LEASE: Glendale, AZ - 1.22 acre IOS

Address: 5556 N.W. Grand Avenue, Glendale, AZ 85301

Features: Fully-fenced

Close To: Phoenix Sky Harbor International Airport

Zoning: C-2

Rental Rates: $4,995/month

Info: LINK