IOS Daily - October 30 - Transport leases to EquipmentShare. Apricus buys 4th IOS.

NEWS ROUNDUP

ACQ-LEASE: Transport Properties buys Kansas IOS and inks lease with EquipmentShare. Transport Properties closed on 9600 Dice Lane in Lenexa, Kansas, a 16,144 SF industrial building on 3.08 acres of industrial outdoor storage. Scott Bluhm and Seamus McLaughlin with Newmark Zimmer represented the buyer and seller, and secured a long-term lease with EquipmentShare prior to closing.

ACQUISITION: Apricus closes its fourth IOS in Houston. Dallas-based Apricus Realty Capital and ABR Capital Partners acquired 12400 and 12402 Taylor Road in Houston last week. The two properties combine for 31,750 SF on five acres of parking. The Apricus deal team included Matt Haley, Garrett Marler, and Cort Martin, who must be fired up after closing on a Dallas IOS deal last week.

TERMINALS: Recent Biynah acquisitions highlight feverish truck terminal demand. Biynah Industrial Partners paid around $28.7 million in just the past couple of months to buy three truck terminals as it looks to grow its portfolio of the in-demand buildings. Biynah spent $8.1 million for an Atlanta terminal, $9.7 million for a Miami property and $11 million for a Dallas terminal.

TRUCKING: Shippers not satisfied with their carriers after Yellow reshuffle. Three hundred shippers and 3PLs were surveyed, all former Yellow customers who switched carriers. The findings? Roughly 35% are not satisfied with their first choice after Yellow and are in the market for another LTL carrier. Yellow historically held a roughly 9% share of the LTL market but that number likely dwindled a couple of hundred basis points ahead of its shutdown.

FEDERAL FUNDING: Fed Highway Administration makes it rain $61B. The FHWA is passing out $61 billion to states for highway improvements. Heavy population centers of Texas, California, Florida, and New York are receiving a combined $15.3 billion. Within the overall budget, the funds earmarked for EV infrastructure increased from $615M to $885M year-over-year.

FOR SALE: Glendale, Arizona – 4.9 acre IOS

Address: 6424-6430 W Orangewood Ave, Glendale, Arizona 85301

Features: Fully fenced and secured site, crushed asphalt/ABC throughout yard, located in Opportunity Zone

Buildings: 2 office buildings, storage building, and 9,000 SF, partially enclosed shop

Zoning: M-1 (Light Industrial), City of Glendale

Info: LINK

Asking Price: $4,500,000

Brokers: Max Schumacher at 480-214-9403 or Patrick Sheehan at 480-214-9405 or Jack Hansen at 480-214-9421

FOR SALE - CALL FOR OFFERS TODAY! Lakeland, FL – 6.44 acre IOS with development upside

Address: 2372 Old Combee Rd, Lakeland, FL 33805

Features: Fully leased month-to-month at $3,640 per month, water and sewer available

Close To: Industrial node with Walmart logistics, Amazon fulfillment, Saddle Creek logistics, SR 33, SR 659, and I-4

Zoning: I-2 (City of Lakeland)

Info: LINK

Asking Price: $1,600,000

Broker: David Hungerford at 863-660-3138

FOR LEASE or SALE: Dalton, GA – 3.94 acre IOS

Address: 3355 Blake Dr, Dalton, GA 30720

Features: Paved, new fencing and security, 100 truck parks

Close To: Chattanooga Metropolitan Airport, Atlanta metro area

Zoning: M2

Info: LINK

Broker: Rachel Condon at 404-275-5794

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: 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

FOR LEASE: Pendergrass, GA – 12 acre IOS

Address: 138 N Holland Dr, Pendergrass, GA 30567

Features: Newly developed, secured, heavy-duty asphalt, LED lighting, 24/7 surveillance

Close To: I-85, Hwy 129, I-985, Gainesville Inland Port (Norfolk Southern)

Buildings: Build-to-Suit available (no existing structures)

Zoning: LI (Light Industrial, outdoor storage permitted by right)

Info: LINK

Rental Rate: $5,500/acre/month NNN

Broker: Joey Galanti at 404-542-6368

FOR LEASE: Glendale, AZ – 5 acre IOS

Address: 12417 W Glendale Ave, Glendale, AZ 85307

Features: Asphalt, gated, fenced, well lit, power and water access, security lighting and cameras

Close To: Two miles from Luke Air Force Base, between 303 and 101, one mile south of Northern Pkwy

Zoning: I-1 (Maricopa County Island)

Info: LINK

Rental Rate: $7,000/acre/month NNN

Brokers: Jordan Tennant at 785-231-9243 or Brett Ranta 602-686-4049

FOR LEASE: Jurupa Valley, CA – 6.88 acre IOS

Address: Riverside Drive, Jurupa Valley, CA 91752

Close To: 15 and 60 FWY and Ontario International Airport

Buildings: 30,000 SF shop, three (10’x35’) ground level doors

Zoning: Industrial Park I-P (Verify)

Info: LINK

Brokers: Mat Skogebo at 951-276-3646 or Ryan Turnquist at 951-276-3680 or Sarah Mudge at 951-276-3676