IOS Daily - October 23 - Apricus buys third industrial outdoor storage property

NEWS ROUNDUP

ACQUISITION: Apricus buys its third IOS property. Dallas-based Apricus Realty Capital acquired a fully occupied four-acre crane rental storage and maintenance facility at 11600 CF Hawn Freeway in Dallas. The firm is focused on expanding with infill industrial and IOS properties in DFW and Houston. The Apricus deal team included Matt Haley, Garrett Marler, and Cort Martin. Congrats!

IOS DEVELOPMENT: Simi Capital Group partners to deliver truck yard. ContainerPort Group is the new occupant of a truck yard in Fairburn, GA delivered in a partnership with Simi Capital Group. “The move was a no-brainer. With easy access to Interstate 85, the new terminal allows us to efficiently serve the local Atlanta rail ramps and strengthen our connections to the Georgia Ports Authority in Savannah.” -Kevin Hayes, ContainerPort Group

ACQUISITION: Dayton Street acquires 6-building logistics park. DSP acquired a logistics park in the O’Hare Industrial submarket in DuPage County, IL. The park is 85% leased and is comprised of a 37-door truck terminal, two truck maintenance facilities, and a warehouse spread across 11 acres. Jack Brennan with CBRE represented the seller. The DSP deal team included Howard Wedren, Michael Schack, Brandon Shanklin, and Adam Seyfarth.

LOAN CLOSING: Emerald Creek loans on IOS in NJ. NYC-based Emerald Creek Capital provided a $2.6 million acquisition loan on a 3.7 acre IOS property in Cinnaminson, NJ just outside of Philly. Jeff Seidler originated the loan for Emerald Creek Capital, and Justin Horowitz with Cooper-Horowitz arranged the financing.

EU ACQUISITION: Realterm breaks ground on Netherlands IOS. Realterm announced last week it has started construction on a recently-acquired 16,485 square meter IOS development site in Venlo, Netherlands. The site can accommodate up to 100 trucks. The Realterm deal team included Leonie Kierkels, Paul Underwood, Balazs Lados, and Robin van der Sluis.

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: Conley, GA – 1.92 acre IOS

Address: 3414 Moreland Ave, Conley, GA 30288

Features: Fully fenced and lit

Close To: I-285 and I-675, ATL International Airport

Zoning: C-1 / Light Industrial

Info: LINK

Brokers: Nick Peacher at 404-962-8650 or Andrew Ashmore at 404-962-8627

FOR SALE: San Bernardino, CA – 0.75 acre IOS

Address: 723 S Valley View Ave, San Bernardino, CA 92408

Features: Flat topography, fenced vacant land, paved road, utilities in the street

Close To: San Bernardino and Ontario International Airport

Zoning: Industrial

Info: LINK

Asking Price: $1,785,000

Broker: Don Archer at 951-346-0807

FOR SALE: Riverside, CA – 2.8 acre IOS

Address: 1492 Palmyrita Ave, Riverside, CA 92507

Features: Half asphalt / half gravel, new 6’ tall perimeter block wall fence

Tenant: 100% leased to Vroom Logistics (NASDAQ: VRM), with 4.5 years remaining at 17% below-market rent with one 3-year renewal option at FMR

Close To: Highway 215, I-10, I-5, and I-15

Buildings: 11,760 SF building, 18’ clear height with 1 dock-high doors

Zoning: General Industrial (I), permitted by right: truck terminal, outdoor storage yard, equipment sales and rental, lumber and building materials yard

Info: LINK

Brokers: Chase MacLeod at 949-783-7707 or Jean Carlo Castillo at 949-413-9396, Ethan Flor at 424-235-9211

FOR SALE/LEASE: Poway, CA – 2.79 acre warehouse + IOS

Address: 12690 Danielson Ct, Poway, CA 92064

Features: Single tenant site, warehouse, office and outdoor storage/parking, paved, lit, fenced, gated, secured, 1,200 amps of power

Close To: Close to I-15 and centrally located to service San Diego down to the border of Mexico and north to the Inland Empire

Buildings: 9,050 SF industrial building with 25% office, 4 grade and 1 dock door

Zoning: LI (Light Industrial, outdoor storage permitted)

Info: LINK

Asking Price: $11,000,000

Rental Rate: $60,000/month NNN

Broker: Blake Rodgers at 858-410-1192

FOR LEASE: Raleigh metro, NC – 2 acre IOS

Address: 1734 5 Points Lane, Fuquay-Varina, NC 27526

Features: To be fenced and graveled, 27,000 VPD

Close To: Future I-540 interchange at Hwy 401

Zoning: H1

Info: LINK

Brokers: Kyle Gross at 919-710-6400 or Ryan Lawler at 949-291-3896 or Will Judy at 919-606-1956

FOR LEASE: Lithonia, GA – 10 acre IOS

Address: 2700 Turner Hill Rd, Lithonia, GA 30058

Features: Class A facility, 400+ trailer spots, heavy-duty asphalt paving, fencing, 11’x55’ striping, coded access gate, solar-powered LED lighting

Close To: Immediate access to I-20 east of Atlanta, onward to the I-285 loop and ATL airport, I-675, and I-75

Buildings: Shop buildings can be built-to-suit

Availability: Currently under construction with Q1 2024 delivery date

Info: LINK

Brokers: Stephen Bridges at 404-909-1560 or Matt DiLeo at 404-435-6869

FOR LEASE: Montclair, CA – 0.83 acre IOS

Address: 4187 State St, Montclair, CA 91762

Features: Great trucking transportation yard, fenced and secured, fully paved, recently renovated

Close To: 10, 60, and 71 FWY’s, State Street & 3rd Street

Buildings: 12,000 SF warehouse

Info: LINK

Brokers: Mathew Skogebo at 951.276.3646 or Ryan Turnquist at 951.276.3680 or Sarah Mudge at 951.276.3676 or Cory Lewis at 626-363-7833

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