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- IOS Daily - March 25 - Ardent buys Maryland IOS for $2.2M
IOS Daily - March 25 - Ardent buys Maryland IOS for $2.2M
Ardent buys MD IOS for $2.2M. DAUM brokers SoCal IOS for $8.6M. Davidson Bogel and Bradford Commercial lease Dallas IOS. Colliers leases Indy IOS. Six new IOS deals.
Katherine Peach, Maham Riaz & Matt H
March 25, 2024
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NEWS ROUNDUP
ACQUISITION: Ardent buys 3 acre IOS in Maryland for $2.19M. General contracting firm Ardent Co. has purchased 1300 Defense Highway in Gambrills, Maryland. The property includes a 2,640 SF office building and a 2-story 3,000 SF covered storage structure. The purchase price was $2.19 million. Matthew Curran and Andrew Meeder of MacKenzie Commercial Real Estate represented the seller in the deal.
ACQUISITION: DAUM brokers sale of 1.8 acre IOS in SoCal for $8.6M. DAUM Commercial Real Estate Services has brokered the sale of 760 Batavia Street in Orange, California. The 1.78 acre IOS property has 5 storage buildings and was sold to McPeek’s Chrysler Dodge Jeep Ram of Anaheim for $8.6 million. Mike Barreiro, Dennis Holt, and Devin Ray of DAUM represented the seller. Mitch Wright of Bob Wright Industrial Properties represented the buyer.
UPDATE: On March 8, we reported on the sale of 5119 W. Bethany Home Road in Glendale, Arizona. The 3.25 acre IOS yard sold for $3.3 million in a deal brokered by Citywide Commercial. We now know that Max Schumacher of Rein & Grossoehme represented the seller in the deal.
LEASE SIGNED: Davidson Bogel and Bradford Commercial lease a 7.6 acre IOS in Dallas, TX. Martin Grossman and David Guinn of Davidson Bogel repped the landlord, Ambient Capital Partners, in leasing 5956 W. Jefferson Boulevard in Dallas, Texas. Chris Wong of Bradford Commercial represented the tenant, Xtra Lease. The 7.6 acre IOS property includes 9,559 SF of indoor space.
LEASE SIGNED: Colliers leases 6.7 acre IOS in Indianapolis. A Colliers team led by Korey Ryan represented the landlord in leasing 4600 Bluff Road in Indianapolis, Indiana. The 6.7 acre IOS property is fully fenced. The new tenant is McKinney Trailer Rentals.
IOS FOR SALE
FOR SALE: Fort Worth, TX - 4.5 acre IOS
Address: 4801 Parker Henderson Road, Fort Worth, TX 76119
Features: Heavy power, utilities
Close To: US-287 and I-820 intersection
Building: 3 existing buildings totaling 30,000 SF
Zoning: M2 (Heavy Industrial)
Info: LINK
Asking Price: $1,804,000
FOR SALE/LEASE: Macon, GA - 49.4 acre IOS
Address: 1773 Jeffersonville Road, Macon, GA 31217
Features: 13.5 usable acres, grading plan for up to 20 usable acres, mix of asphalt-concrete-gravel paving, exterior lighting with electric gate, ~ 417 trailer stalls
Close To: I-16, I-75, and Middle Georgia Regional Airport
Building: 3,000 SF of covered storage with 4 platform loading docks and 1,600 SF renovated office trailer
Zoning: M-2 (heavy industrial)
Asking Price: $2,950,000
Rental Rates: $30,000/month NNN
Info: LINK
FOR SALE/LEASE: Union Gap, WA - 2.02 acre IOS
Address: 1225 Industrial Way, Union Gap, WA 98903
Features: Fully-fenced, level, graded, and graveled and with utilities at street
Close To: I-82, Yakima Airport, West Yakima, and the future Regional Beltway.
Zoning: M1 - Light Industrial
Asking Price: $350,000
Rental Rates: $0.03/SF/month
Info: LINK
IOS FOR LEASE
FOR LEASE: Glendale, AZ - 5 or 10 AC IOS
Address: 7190 N. 110th Avenue, Glendale, AZ 85307
Features: Asphalt, lit, cinderblock fence, gated, city water and sewer hookups, 2 ingress/egress
Close To: Loop 101, Glendale Ave, Westgate, and Arizona Cardinals Football Stadium
Zoning: M1 - Light Industrial, City of Glendale
Rental Rates: $7,000/acre/month NNN
Info: LINK
FOR LEASE: Bossier City, LA – 10 acre IOS
Address: 3912 East Texas St, Bossier City, LA 71111
Features: Fully graveled, fenced, automated gate, LED lighting, 24/7 video security cameras
Close To: I-20 Frontage, East Texas Street
Zoning: A-1
Rental Rates: $3,000/acre/month NNN
Info: LINK
FOR LEASE: Dallas, TX - 3-6.5 acre IOS
Address: 10110 Technology Boulevard E., Dallas, TX 75220
Features: ~683 truck cab positions, fully secured with 6’ fence, concrete/asphalt paved, LED exterior lighting, two access points with gates
Close To: Dallas Love Field Airport, Dallas/Fort Worth International Airport
Zoning: Industrial Research (IR)
Available: April 1, 2024
Rental Rates: Upon request
Info: LINK
ONE MORE THING
seeing a lot of opportunistic office investors buying opportunistic office opportunities from other opportunistic office investors that previously bought opportunistic office opportunities.
— Eric Weatherholtz (@iononrecourse)
12:22 PM • Mar 14, 2024
Waiting to see how this all shakes out. Banks are extending office loans by the truck-load. I see office vacancies all over my suburban market (Raleigh). Companies are torn between demanding attendance and losing workers to more permissive competitors. The type A’s wear office attendance like a badge of honor. Working parents (now at management age), appreciate the flexibility. Younger employees who need mentorship are adrift and lonely in a WFH environment.
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