IOS Daily - November 1 - Transport developing spec IOS in Indiana

NEWS ROUNDUP

DEVELOPMENT: Transport Properties developing spec IOS in Northwest Indiana. Transport Properties is developing a 21 acre trailer yard with immediate access to I-80. The site will be delivered in Q2/Q3 of 2024 and will contain over 750 trailer spots with the ability to add a truck repair building. Leasing inquiries: Zeke Rowan, Adam Haefner, Marty Mikaitis with Avison Young.

DISPOSITION: Matthews sells IOS in Atlanta metro. Matthews brokers Davis Kelly and Harrison Auerbach just sold a low-coverage site in Marietta, GA. The site contained 4 buildings totaling 81,000 SF on 17 acres, zoned heavy industrial.

RECORD PRICE: Fortress buys low-coverage site in LA for $10.5M.  "This facility sold for just over $355 per square foot, which is one of the top five highest values for industrial properties sold int he submarket over the past 90 days.” -Jason DuFault, KW Commercial, seller rep. The deal team from Fortress included Greg Pearson, Ryan Dunlap, and Mason B. Fortress was repped by Phillip DeRousse with Lee & Associates.

ESTATE SALE: IOS estate sale in Jessup, Maryland. MacKenzie Commercial brokered a $1.2 million sale of 7402 Montevideo Road in Jessup, MD. The site is partially leased to 356 Transportation, Inc. Mackenzie brokers Dennis Boyle and Graham Sevy represented the seller, the Estate of MacDonald Family, LLC. MacKenzie brokers Andrew Meeder, Matt Curran and Dan Hudak represented the buyer.

TRUCK CHARGING: NAIOP panel discusses EV truck charging. Where can trucks linger on-site for an hour while charging, without disrupting loading and unloading? “We’re talking about EV-charging courts. So, you don’t want to necessarily have your trucks just sitting there…instead they’re going to come bring the trailer in, and then you’re going to have them go to a separate place for charging.” -Matt Carroll, Avison Young 

FOR SALE/LEASE: Houston, TX - 2.54 acre low-coverage industrial

Address: 8428 Market St, Houston, TX 77029

Features: Fenced and stabilized yard, 1.04 acres of concrete trailer parking, 1.5 acres of excess storage yard and LED lights

Close To: I-10, 610, Port of Houston, Ellington Field and William P. Hobby Airport

Buildings: 15,000 SF office and warehouse space, 5,000 SF office space, tilt wall construction, 2 dock high loading doors, 24’ clear height, 2 drive-in bays

Info: LINK

Asking Price: $3,900,000 

Rental Rate: $7,200/AC/Month

Brokers: Davis Lamberton at 832-477-3605 or Tyler Maner at 830-992-0834

FOR SALE: Chicago, IL- 7.02 acre warehouse + IOS

Address: 12001 S Avenue O, Chicago, IL 60617

Features: Paved, lit and fenced

Close To: I-90, I-94 and I-57, Gary Chicago International Airport, Chicago Midway International Airport, Downtown Chicago

Buildings: 11,000 SF warehouse/office, 5 grade-level doors

Zoning: Industrial

Info: LINK

Brokers: Simon Kroos at 614-573-5527 or Meir Perlmutter at 614-812-0345

FOR SALE: Oakland, CA – 1.72 acre IOS

Address: 966 81 St. Ave., Oakland, CA

Features: Fully fenced, secured (12 ft block wall), paved yard

Close To: I-880, Downtown Oakland, Port of Oakland and Oakland Airport

Buildings: 1,500 SF of office and 500 SF maintenance shed

Zoning: M-2

Info: LINK

Asking Price: $6,750,000

Brokers: Neil Johnson at 415-706-0915, Justin Smutko at 510-910-5616, Mark Maguire at 510-219-7854, Paul Boskovich at 408-472-8168

FOR SALE: Evans, CO - 3.92 acre low-coverage industrial

Address: 3901 W Service Road, Evans, CO 80620

Features: Paved parking area, gravel lot, fenced 7 gated, 200A 3P, utilities onsite, and ±235 FT of frontage

Close To: Highway 85, Union Pacific Railroad facility, Greeley-Weld County Airport

Buildings: Building 1: 6,100 SF office space with 8,300 SF warehousing, 8 10' x 12' drive ins, metal construction. Building 2: 7,682 SF, four 9' x14' drive in, metal construction

Zoning: Current zoning is RCR, but it is being changed to C-4 zoning. Outdoor storage is allowed through principle use of the premises under C-4 zoning

Info: LINK

Asking Price: $3,400,000

Brokers: Andrew Wiesemann at 318-267-1074 or Ashton Miller at 214-802-7299

FOR LEASE: Cleveland, TN - 2.89 acre truck parking

Address: 1625 S Ocoee Street, Cleveland, TN 37311

Features: Paved lot, asphalt, graveled and fenced, parking area, utilities and lights

Close To: Five miles to I-75 at exit 20 and Chattanooga Metropolitan Airport

Zoning: Heavy Industrial

Info: LINK

Rental Rate: $5,000 /month NNN

Broker: Michael Rogers at 423-504-3313

FOR LEASE: Puyallup, WA – 7.33 acre IOS

Address: 7702 River Road E, Puyallup, WA 98371

Features: Three 3 lease options, parking, outside storage, self-storage, fully and partially graveled, office space and restrooms, full fenced, security cameras, lighting throughout site, 172 trailer stalls

Close To: I-5, WA-167, Port of Tacoma

Buildings:

Option 1: fully graveled, partially paved, office space with restrooms, fully fenced, security cameras, light, 172 trailer stalls.

Option 2: 0,780 SF Building, BTS office, 8 over sided grade doors, power, fencing, lit with security.

Option 3: Build to suite 138,886 SF available, 14 dock high doors, 2 grade level doors, 135' truck court, 158 car parks

Zoning: MUD - Pierce County

Info: LINK

Rental Rate: $8,750/acre/month NNN

Brokers: Matt Murray at 206-248-6541 or Matt McLennan at 253-722-1458

FOR LEASE: Decatur, IL – warehouse + 7.1 acre IOS

Address: 815 E. Kenwood Ave Decatur, IL 62526

Features: Paved parking, 3 phase power, utilities onsite, loading docs

Close To: I-72

Buildings: 38,400 SF warehouse/manufacturing space and 2 loading docks, 1,600 SF office space

Zoning: M-2

Info: LINK

Rental Rate: $11,200/ Month Full Service Gross

Broker: Ed Milani at 727-698-3727

FOR LEASE: East St. Louis, IL – 19 acre ISF

Address: 895 Madison Rd., East St. Louis, IL 62201

Features: Compact gravel/asphalt millings, fully fenced, lit, utilities onsite, highway visibility, floor drains LED lighting, air-line and oil drops, concrete apron, heavy power

Close To: I-55, Gateway Speedway

Buildings: 1) 10,127 SF with six (6) 16′ x 14′ drive-in doors and two (2) 14′ x 14′ drive-in doors; 2) 1,848 SF with three (3) 12′ x 14′ drive-in doors; 3) 192 SF office trailer

Zoning: M2 (Heavy Industrial)

Info: LINK

Rental Rate: $4,000/acre per month NNN with $250/acre per month NNN expenses

Brokers: Henry Weiler at 913-787-5799 or Andrew Fischer at 816-665-6641