IOS Daily - May 1 - Union Pacific buys 86 acre IOS in Kansas City

NEWS ROUNDUP

ACQUISITION: Union Pacific buys 86 acre IOS in Kansas City, MO. Union Pacific has purchased 6817 East Stadium Drive in Kansas City, Missouri, from Stonemont Financial. Andrew Fischer and Henry Weiler of Fischer Weller Industrial (FWI) brokered the deal and are handling lease-up (LINK). Union Pacific and FWI intend to develop a rail-served IOS complex on the site.

ACQUISITION: CPI sells 5.15 acre IOS in Phoenix, AZ for $6.7M. Commercial Properties Inc./CORFAC Intl. (CPI) has sold 1648 51st Avenue in Phoenix, Arizona. The site includes a 14,425 SF cross-dock building. Jeff Hays and Sam Rutledge of CPI represented both the buyer and the seller in the deal.

ACQUISITION: Triten buys 4.3 acre IOS in Tampa, FL for $5.65M. Triten Real Estate Partners has acquired a portfolio consisting of 1902 North 38th Street, 3802 East 7th Avenue, and 3802 East 8th Avenue in Tampa, Florida. Jose Sasson Lerner and Roberto Susi of AXIOM Capital Advisors brokered the sale.

FUNDRAISING: New Mexico State Investment Council commits $100M to Jadian Fund II. Jadian is seeking to raise $600 million for the fund, which will target IOS properties, as well as land-lease communities, aircraft parking, and commercial self-storage.

LEASE SIGNED: WCRE reps tenant in lease of IOS in Greensboro, NC. Walters Commercial Real Estate Services represented the tenant in the lease of 201 Old Stagecoach Trail in Greensboro, North Carolina. The 5.9 acre property includes a 17,100 SF open-air dock, a 10,000 SF office building, and a 5,876 SF shop. The WCRE deal team included Norman and Cooley Walters.

READ: CRE pros see a 12% drop in bonuses.

FROM OUR PARTNERS

FOR SALE/LEASE: Las Vegas, NV - 9.89 acre cross dock + IOS

Address: 13850 South Decatur Boulevard, Las Vegas, NV 89054

Features: High-speed warehouse, fully-fenced, paved, trailer parking

Close To: I-15, Sloan Road, minutes to LV Raiders HQ and practice facility, Henderson Executive Airport, Harry Reid Airport, Vegas Strip

Building: 36,810 SF building with 3,000 SF oof office space, 44 dock-high doors, 4 grade-level doors, motorized security gates, ESFR fire sprinkler system, 1,200 amps, 277/480 Volt, main electrical service

Zoning: IL (Industrial Light, Clark County)

Asking Price: TBD

Rental Rates: $74,000/month base rent + opex

Info: LINK

FOR SALE: Norfolk, VA - 2.44 acre redevelopment to IOS (needs demo)

Address: 2241 Barraud Avenue, Norfolk, VA 23504

Close To: Virginia Port Authority, Norfolk Intl. Airport, Norfolk Southern Railroad

Zoning: I-L (light industrial)

Asking Price: $1,200,000

Info: LINK

FOR SALE: Lumberton, NJ - 11.7 acre IOS

Address: 1807 South Pemberton Road, Lumberton, NJ 08048

Close To: I-295, Hwy 38, Hwy 206, Port of Philadelphia

Zoning: I-2 (light industrial)

Info: LINK

FOR LEASE: Phoenix, AZ - 1-4 acres warehouse + IOS

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

Features: Aggregate base, fenced, gated, truck parking

Close To: SR-51 freeways, I-17, TSMC Chip Plant and Deer Valley Airport via Loop 101

Buildings: 10,000 SF stand-alone warehouse with grade-level door

Zoning: L-2 (allows for contractor yard, laydown yard, outdoor storage, landscaping, vehicle storage, commercial parking, equipment storage)

Rental Rates: $6,500/acre/month

Info: LINK

FOR LEASE: Hayward, CA - 10 acre IOS

Address: 3600 and 3548 Depot Road, Hayward, CA 94545

Features: Gated, secure, lighting on-site, multiple access points

Close To: Freeways 92, 84, I-880, Fremont, and Port of Oakland

Buildings: 3,300 SF office and 3,600 SF industrial shop

Zoning: IG (General Industrial)

Info: LINK

FOR LEASE: Boise, ID - 2.295 acre IOS

Address: 420 North 5 Mile Road, Boise, ID 83713

Features: Covered storage, ample parking

Close To: I-84 and Micron

Building: 20,000 SF industrial building

Rental Rates: $0.10/SF/month

Info: LINK