IOS Daily - May 13 - Newmark brokers sale of Buffalo IOS to Ervosquare

NEWS ROUNDUP

ACQUISITION: Newmark brokers sale of 7 acre IOS in Buffalo, NY. Newmark represented the seller, KW BUF, in the acquisition of 1930 Military Road in Buffalo, New York. The property, which is leased to FedEx Freight, includes a 34,000 cross-dock truck terminal with 68 dock doors. The Newmark deal team included Jerry and Leighton Hopkins and Ed McGinn. John Ticco III of Cushman & Wakefield represented the buyer, Ervosquare.

ACQUISITION: Everwood buys 2.88 acre IOS in Tampa, FL. Everwood Real Estate has purchased 5200 South Manhattan Avenue in Tampa, Florida. The IOS property includes a 23,787 SF warehouse/office building with 20 dock-high positions. Peter Cecora of JLL brokered the deal. Bradley Hutton, Pat Kelly, and David Hovis of Franklin Street assisted in the sale.

ACQUISITION: Entre Commercial sells 7.19 acre IOS in Woodstock, IL. Entre Commercial Realty arranged the sale of 14400 Washington Street in Woodstock, Illinois. The property features a 17,600 SF truck maintenance facility with 6 grade-level doors. Entre’s Kevin Kaplan represented the seller, CTS Group. The buyer, Esquire Logistics, was represented by Andrei Andronic of Remax.

LEASE SIGNED: Bradford negotiates industrial lease in Rhome, TX. Bradford Commercial RE Services has negotiated the lease of 138 Leopard Road in Rhome, Texas. The property includes a 25,000 SF industrial building and 5 acres of IOS yard. Todd Lambeth of Bradford represented the tenant, Commercial Van Interiors. LanCarte Commercial’s Mark Boone represented the landlord.

WATCH: Breaking down an IOS deal with Chad Griffiths and Ronald Rohde.

READ: Dearborn, MI cracks down on industrial storage with strict new rules.

FROM OUR PARTNERS

FOR SALE/LEASE: Tucson, AZ - 2.98 acre IOS

Address: 3300 North Palo Verde Avenue, Tucson, AZ 85716

Features: Fully-secured, paved lot, automatic gate, electrical connections, 10’ clear height, and 3-phase power

Close To: Tucson Intl. Airport

Building: Total of 6,418 SF (3 buildings), 2 grade-level loading doors

Zoning: C-3

Asking Price: $2,300,000

Rental Rates: $12,000/month MG

Info: LINK

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 of 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: Jacksonville, FL - 2.51 acre IOS

Address: 5824 Mining Terrace, Jacksonville, FL 32257

Features: Square-shaped lot

Close To: Jacksonville Port

Zoning: Light Industrial

Asking Price: $1,250,000

Info: LINK

FOR LEASE: Clarksville, TN – 3 acre container storage

Address: 0 Frosty Morn Drive, Clarksville, TN 37040

Features: Fenced, partially-paved, partially-graveled, lit

Close To: I-24 and Downtown Clarksville

Zoning: M2

Rental Rates: $20,000 NNN

Info: LINK

FOR LEASE: Houston, TX - 4.5 acre IOS

Address: Beltway 8 and Wallisville Road, Houston, TX 77049

Features: Fully-fenced, secured, stabilized, 1 site entrance, and 90 trailer parking stalls

Close To: George Bush Intl/Houston Airport

Rental Rates: Upon Request

Info: LINK

FOR LEASE: Oakland, CA - 5.43 acre IOS

Address: Maritime Street, Oakland, CA 94607

Features: Paved, electricity available, can be leased with 2001 Maritime Street

Close To: Oakland Intl. Airport

Rental Rates: $0.60/SF/month IG

Info: LINK