IOS Daily - May 8 - Alterra buys IOS in Seekonk, MA for $3.1 million

NEWS ROUNDUP

ACQUISITION: Alterra buys 4.81 acre IOS in Seekonk, MA for $3.075M. Alterra Property Group has purchased 45 Industrial Court in Seekonk, Massachusetts. The site includes 10,788 SF of warehouse space and 7 grade-level doors. The Alterra deal team included Sean Christman and Mark Gannon. Matty Drouillard and James Stubblebine of The Stubblebine Co. brokered the sale.

ACQUISITION: Partners negotiates sale of 26 acre IOS in San Antonio, TX. Partners Real Estate represented the buyer, a private equity firm, in the sale of 14603-14710 Speedway Park in Von Ormy, Texas, a suburb of San Antonio. The IOS property features a 7,500 SF truck terminal building. The Partners team was led by Stan Nowak.

TRUCKING: Saia opens 2 terminals in Texas and Montana. Saia LTL Freight has opened new truck terminals in Garland, Texas, and Missoula, Montana. The openings are part of Saia’s $1 billion capital expenditure plan for 2024. Saia has been aggressively expanding, recently buying $244 million worth of assets that belonged to Yellow Corp. at auction. The Saia team includes Patrick Sugar.

GROUND BREAKING: Brennan breaks ground on IOS in Summerville, SC. Brennan Investment Group commenced development of 0 Business Park Road in Summerville, South Carolina. The 11.96 acre trailer yard will feature 234 trailer spaces, concrete dolly pads, fence/lighting, 24/7 access, and pad site for an office trailer. Tradd Varner from Harbor Commercial is handling leasing. See our April 26 issue for details.

PEOPLE MOVES: Catalyst hires IOS Sourcing Analyst. Catalyst Investment Partners has hired Von Hobe as a Sourcing Analyst focusing on IOS investment opportunities in the East Coast market. Von previously served on the Sales Development team at Prequin.

READ: Blackstone secures 1st CMBS loan in the UK to feature IOS.

FROM OUR PARTNERS

FOR SALE: Long Beach, CA - 0.51 acre IOS

Address: 1715-1731 West Anaheim Street, Long Beach, CA 90813

Features: Fenced, partially-paved, multiple points of entry, major street frontage

Close To: Santa Fe Avenue, Port of Long Beach, Long Beach (Daugherty Field) Airport

Building: 5,330 SF building

Zoning: LBIG (General Industrial), Heavy Container Corridor

Asking Price: $4,000,000

Info: LINK

FOR SALE: Fontana, CA - 0.61 acre IOS

Address: 14626 Ceres Avenue, Fontana, CA 92335

Features: Fully-fenced, improved concrete site, and 220 amp power panel

Close To: Ontario Intl. Airport, Fwy 10 and 15

Building: 1,770 SF metal building, two ground-level doors plus one man door, 942 SF office, handicap restroom, electrical room

Zoning: SD-COM (Special Development - Commercial)

Asking Price: $2,450,000

Info: LINK

FOR SALE: Nampa, ID - 1.51 acre industrial + IOS development site

Address: 325 Chicago Street, Nampa, ID 83686

Close To: I-84 and Nampa downtown

Building: Engineered set of plans for 8,200 SF building

Zoning: IL (Light Industrial)

Asking Price: $920,000

Info: LINK

FOR LEASE: Queens, NY - 4.5 acre low-coverage industrial

Address: 46-81 Metropolitan Avenue, Queens, NY 11385

Features: Parking capacity for 142 van stalls or 73 trailers, 800 amps

Close To: I-278 and I-495, L Train, B57 and Q54 buses

Building: 15,100 SF with 18' clear ceilings and 14 drive-in doors

Zoning: M3-1

Info: LINK

FOR LEASE: Bronx, NY - 2.4 acre low-coverage industrial

Address: 4825 and 4835 Baldwin Street, Bronx, NY 10470

Features: Paved, fenced, lit, multiple access points, 37 parking spaces, BTS opportunity available (inquire for details)

Close To: I-87, I-95, NYC, Westchester and Fairfield Counties

Building: 11,973 SF warehouse with 17'6" clear ceilings, 26 exterior dock doors, and 3 drive-ins, plus a 1,250 SF office

Zoning: M1-1

Info: LINK

FOR LEASE: Madison, WI - 2.79 acre IOS

Address: 2202 Vondron Road, Madison, WI 53718

Features: Fully-fenced, compacted gravel lot, trailer parking

Close To: I-90, I-39, I-94, Hwy 51, Hwy 12, and Dane County Regional/Truax Field Airport

Building: 1,200 SF building and unheated 40‘x30‘ storage shed

Zoning: IL (Industrial Limited)

Rental Rates: $6,000/month Modified Gross

Info: LINK