IOS Daily - November 6 - Catalyst buys IOS in Maryland

NEWS ROUNDUP

ACQUISITION: Catalyst buys warehouse + IOS in Maryland. Catalyst Investment Partners closed on 5681 Main Street in Elkridge, Maryland. The site included a 15,200 SF industrial building on 3.51 acres of outdoor storage. Tenant O’Donnell Metal Deck uses the site for its east coast headquarters. Mackenzie Commercial Real Estate Services brokers worked the transaction: Matthew Curran, Andrew Meeder, and Daniel Hudak.

DALLAS: Timber Hill’s Siegel on their DFW IOS strategy. “In 2021, we created TH Logistics Fund I, and over the next 18 months, we acquired $170M of IOS real estate, with one-third of this portfolio consisting of assets in DFW.” The firm operates parking facilities under the National Truck Parking brand, with locations in Memphis, Miami, Jacksonville, and Dallas.

LAYOFFS: “This is not a diet. This is a reset of the baseline.” That quote was from Vincent Clerc, CEO of Maersk on a recent earnings call. More: “We are in a very uncertain trading environment with significant further downside risk potential — one that could stay with us for quite a while.” Maersk is dropping 9% of global headcount and also plans to cut capex from a projected $10 billion down to $8 billion.

DOT FUNDING: $290 million earmarked for truck capacity. The US Department of Transportation announced a list of annual winners under the Port Infrastructure Development Program. Of 41 award winners, 11 feature significant improvements aimed at speeding truck freight in and out of coastal and inland ports. Read the article for full breakdown of winners and plans.

FOR SALE: Socorro, TX – 4.85 acre IOS

Address: 9709 Alameda Ave, Socorro, TX 79927

Features: Fenced yard with two gated entries

Close To: Loop 375 & I-10, frontage on Alameda Avenue (State Highway 20), Zaragoza / Yselta International Port of Entry and El Paso International Airport

Buildings: 1,067 SF building with 3,720 SF shed size, 576 SF separate enclosed storage area

Zoning: M-2

Info: LINK

Asking Price: $1,100,000

Brokers: Erik Anderson at 915-843-8888 x804 or David Hingst at 915-843-8888 x802

FOR SALE: Jurupa Valley – 4.68 acre IOS

Address: 5465-5467 28th St, Jurupa Valley, CA 92509

Features: Fenced, electric gate, water, gas, electricity, and a septic tank for each home

Close To: Lake Evans, the Historic Riverside Downtown, the Agua Mansa Industrial Corridor, Ontario International Airport

Buildings: 2,700 SF two homes, a 3bed/2bath and a 2bed/1bath,

Zoning: M-SC

Info: LINK

Asking Price: $6,500,000

Broker: Matt Mahowald at 310-756-5511

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 LEASE: Columbus (Lockbourne), OH – 10-20 acre IOS

Address: 433 London Groveport Road, Lockbourne, OH 43137

Features: Graveled, fenced, gated

Close To: Rickenbacker International Airport

Buildings: 2,000 SF office

Zoning: M

Info: LINK 

Brokers: Jonathan Katz at 201-961-2718, or Weston Devore at 614-406-7133

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 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