IOS List - May 2, 2023

Good morning. This is IOSList, the only dedicated IOS data service in the known universe.

Here’s what to expect from IOSList each day:

• The latest news on the biggest players and deals in IOS

• Daily property listings (for sale, for lease, and space needs)

• AI-enabled zoning bot to find IOS-appropriate zoning fast: zoningscout.com 

• Insider-only IOS rent database. Access here: LINK

• Off-the-record notes on recently inked leases

• Deep analysis on the financing markets and rates

• Beautiful photos of chain link, gravel, and diesel fumes

• A few laughs and opportunities to get together in person

We want to be the publication of record for the IOS industry. If you don’t see it in IOSList, it didn’t happen.

Let’s dive in.

FOR SALE

Sarasota, FL - 8.46 acre IOS site

Existing IOS site currently used by an auto storage and towing business. Parcel is zoned Heavy Industrial. The site contains 3 commercial buildings: a 960 sf office, an auto repair and body shop, and a small metal storage structure. The property is fenced and close to rail. A quick 4.3 mile drive to the Sarasota-Bradenton airport and less than a mile to FL HWY 301.

Exclusively listed by Rocio Mayo at Real Estate International Corp at 954-478-3656.

Houston, TX - 40 acre IOS offered at 7.25% cap

This occupied IOS listing includes a 40.51-acre parcel with ample room for inventory, materials, and equipment parking. The site is mission-critical for the tenants Western Falcon (operating since 1992) and Conestoga Supply Corp (operating since 1986). The existing leases are absolute NNN, with fresh 10-year terms started in January 2023, with two 5-year renewal options. Escalations of 2.94%. The site is within 10 miles of one of the world’s largest shipping channels and dozens of major terminals with close proximity to shipping, rail, and arterial freight routes. Link to listing: CLICK HERE

Exclusively listed by Northmarq brokers Chris Adams at 972-616-4720 and Josh Adams at 972-619-9865.

Odessa, TX - 13.29 acre IOS offered at 9.00% cap

Northmarq is offering this cash-flowing IOS property at an attractive 9.00% cap rate with a tenant who has been operating at this facility since 1994. The existing lease has 6 years remaining on the term, and is structured as absolute NNN with 2.75% annual escalations. The site is located within the Midland-Odessa Industrial submarket along Interstate 20 with nearby neighbors including Baker Hughes, ChampionX Chemical Technologies, Family Dollar distribution center, Helmerich & Payne, Magellan Midstream, Precision Drilling, and Thermo King. Link to listing: CLICK HERE

Exclusively listed by Northmarq brokers Chris Adams at 972-616-4720 and Josh Adams at 972-619-9865.

FOR LEASE

Columbus, OH - 35 acre IOS 

This 35 acre site is available for immediate occupancy. There is room for over 1,300 parking or trailer spaces, multiple truck terminals, and repair facilities. Nearby industrial neighbors include United States Cargo & Courier, Coca-Cola, Sherwin Williams, Old Dominion Freight Line, Copart, and others. The property has immediate access to I-270 and Hwy 33.

For leasing inquiries, reach out to Casey Cunningham at [email protected].

Chicago, IL - 6.5 acre IOS

This turn-key IOS lease offering consists of a 17,000 sf building on a 6.5 acre lot. The building has drive-in bays, 3-phase power, triple catch basin, LED and metal halogen lighting, and a new fire alarm system. The lot is newly-paved and has room for 200 trucks and trailers. The site enjoys close proximity to IL-394 and I-57. Address is 3225 Rennie Smith Dr, South Chicago Heights, IL 60411. Link to listing: CLICK HERE

For leasing inquiries, please reach out to Sebastian Infante at 9606 Capital at 331-465-5569 or [email protected].

Wilmington, CA - 1.1 acre IOS with warehouse and office

For immediate occupancy, IOV and Klabin are offering this infill IOS site in South Bay just 0.8 miles to the Port of LA and 1.8 miles to the Port of Long Beach. The site enjoys proximity to I-110, I-710, and I-405 and is 18 miles to LAX. The property is in the overweight corridor, and offers a fenced and paved yard for trucks, containers, or materials. The building onsite contains a 7,204 sf warehouse with 2 ground-level doors and a 2,000 sf office space.

For leasing inquiries, please reach out Klabin brokers Tyler Rollema at 310-329-9000 ×1140 or Matt Stringfellow at 310-329-9000 ×1120.

ALL EYES ON WEDNESDAY FED MEETING

On Wednesday, the Fed will hike another 25bps, pushing the upper bound of Fed Funds to 5.25%. The market has this fully priced in and stocks aren’t in a death spiral, so there’s really no reason for the Fed not to hike. But all eyes and ears will be Powell’s press conference.

Powell believes wages lead inflation, but SMBC’s research team put out an interesting piece this week that says the Fed has it turned around - inflation leads wages.

Separately, the Atlanta fed surveys businesses about inflation expectations in the year ahead. Expectations are below 3% for the first time in two years:

ZONING SEARCH, SIMPLIFIED

Tired of hunting through muni-code websites for zoning info? We fixed that.

ZoningScout is an AI-enabled chat interface that will spit out the IOS-friendly zoning details for any metro area in the US. This is free resource to our readers. Just type in a city, and our free app will produce the local IOS-friendly zoning codes, permitted and prohibited uses, and link directly to the zoning code for each area.

Help us spread the word by referring colleagues and deal partners to subscribe: ioslist.com

GOT NEWS?

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FROM THE WATER COOLER