IOS Daily - May 3 - JLL brokers 84-acre IOS in Houston

NEWS ROUNDUP

ACQUISITION: JLL brokers sale of 84 acre IOS in Houston, TX. JLL has brokered the sale of Youngquist Business Park in Baytown, Texas, a suburb of Houston. The IOS portfolio features 28 fully-insulated metal buildings comprising 225,387 SF of indoor space. The JLL deal team included Charlie Strauss, Trent Agnew, Lance Young, Jack Moody, and Clay Anderson.

ACQUISITION: L&A brokers sale of 4.16 acre IOS in Tampa, FL. Lee & Associates has brokered the sale of 6113 Causeway Boulevard in Tampa, Florida. The property includes an 836 SF office building, a 2,212 SF industrial building, and a 9,600 SF warehouse with 6 grade-level doors. The L&A deal team included Edward Killmer, Julia Silva, and Erika Thompson.

ACQUISITION: Stonepeak buys 1.7M SF portfolio in Chicago for $125M. Stonepeak acquired 26318-26634 South Walton Drive and 21561 and 26634 Mississippi Avenue in Chicago, Illinois. The 3 properties are rail-served and fully-leased. The seller was CenterPoint Properties. The Stonepeak team was led by Michael Dorrell.

LEASE SIGNED: North Palisade leases 7.75 acre IOS in Anaheim, CA. FedEx Ground signed a lease at 1477 North Jefferson Street in Anaheim, California. Michael Hefner and Mike Vernick of Voit RE Services and Jeff Kernochan of Fischer Solutions assisted in the deal.

FINANCING: Thor refinances Philly IOS portfolio for $13.03M. Thor Equities has refinanced its portfolio of 4 cross-dock properties at 4219 Richmond Street, 4235 Richmond Street, 2840 Hedley Street, 2860 Hedley Street, and 4101 Carbon Street in Philadelphia, Pennsylvania. Lenders were David Perlman, Henry Johnson, and Eddie Prosser of Thorofare Capital.

READ: Why you’ll never be a truly great investor.

FOR SALE: Dallas, TX – 10 acre IOS

Address: 4316 Langdon Road, Dallas, TX 75241

Features: Graveled, lit, fenced, gated

Close To: I-20, I-35, I-45

Zoning: Dallas Logistics Port Special Purpose District (PD 761)

Asking Price: $3,500,000

Info: LINK

FOR SALE/LEASE: Wilmington, CA - 1.04 acre IOS

Address: 1248 Alameda Street, Wilmington, CA 90744

Features: Fully-paved concrete yard, front fence, gate, guard rails, asphalt yard, 2 new load levelers, 200-amp, 5 striped parking stall

Close To: Alameda Street frontage, Port of Long Beach, Long Beach (Daugherty Field) Airport

Building: 2,400 SF building, 6 offices, 3 restrooms, 2 roll-up industrial doors (warehouse)

Zoning: M3 (Heavy Industrial)

Asking Price: $9,931,300

Rental Rates: $49,956.50/mont NNN

Info: LINK

FOR SALE/LEASE: San Francisco, CA - 1.75 acre IOS

Address: Quint Street, San Francisco, CA 94124

Close To: Port of San Francisco, San Francisco International Airport

Building: 12,188 SF building

Zoning: PDR-2

Asking Price: $24,765,650

Rental Rates: $115,000/month NNN

Info: LINK

FOR LEASE: Rockledge, FL - 3.61 acre warehouse + IOS

Address: 222 Yellow Place, Rockledge, FL 32955

Close To: I-95, Cape Canaveral Space Force Station, SpaceX, Blue Origin, NASA

Buildings: 8,550 SF warehouse, 16' clear height, 8 drive-in doors (12' x 12'), 4,995 SF cross-dock facility

Zoning: Light Industrial (outdoor storage permitted)

Rental Rates: Upon request

Info: LINK

FOR LEASE: Medley, FL - 1.25 acre IOS

Address: 10810 Northwest 92nd Terrace, Medley, FL 33178

Features: Paved, fenced, and lighted

Close To: I-75, US-27, I-95, Florida Turnpike and Miami International Airport

Rental Rates: $5.00 /SF/YR

Info: LINK

LEASE: Shelbyville, KY - 2-5 acre IOS

Address: 2000 Isaac Shelby Drive, Shelbyville, KY 40065

Rental Rates: Upon Request

Info: LINK