IOSList - September 13, 2023 - IOS acquisitions from Dayton Street and 9606-Acies

NEWS ROUNDUP

1. CLOSING: Dayton Street Partners closes a 9-acre IOS dev site in San Diego. “Upon completion, this strategically located in‐fill site will offer fully improved trailer parking and outside storage at one of the most supplied constrained borders in the United States.” -Howard Wedren, founder and managing principal of Dayton Street. Full press release: LINK. Leasing inquiries: Brant Aberg or Trent Smith.

2. CLOSING: 9606-Acies acquires Jacksonville IOS and completes ESG renovation. The team bought the 20-acre property off-market and secured a 10 year lease from Meridian Waste Management. ”To further its commitment to environmental, social, and governance (ESG) principles, the property was paved using recycled concrete, a pervious substance that allows water to flow through.”

3. Emerging IOS markets are gaining traction. “Real estate costs in terms of the whole supply chain are still only about 7 to 10%, whereas transportation or labor are the 30 to 50%. So being able to find a more affordable real estate option, proximate to a good labor force or being well located for transportation is definitely going to be a big factor among those emerging markets.” -Jennifer Olsen-Suhr, CBRE

4. The rise of alternative CRE niches, led by IOS. In a Green Street report on the sector, authors Vince Tibone and Jessica Zheng highlighted the “approximately zero net new supply of IOS sites near logistics nodes [and] demand and rent growth for well-located IOS” and predicted these dynamics “should remain robust over time.”

THE COST OF MONEY

FOR LEASE: Savannah, GA – 12 acre IOS

Address: 5195 Ogeechee, Savannah, GA 31405

Features: Fenced, lighting, electric gate

Close To: I-95, I-16, and Highway 516 onramps, Port of Savannah, Savannah Hilton Head International Airport

Zoning: I-L Industrial

Info: LINK

Broker: Kim Lyle at 912-484-1330

FOR LEASE: Ellenwood, GA – 3.25 acre IOS

Address: 2733 Forest Pkwy, Ellenwood, GA 30294

Features: Heavy duty asphalt, fenced and striped, with detention and solar-powered LED lighting

Close To: Route I-675, Moreland Avenue and Hartsfield-Jackson Atlanta International Airport

Buildings: Spaces drawn for 11’ x 55’ shop buildings

Info: LINK

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

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: Irving, TX – 11 acre IOS

Address: 3500 Valley View Ln Irving, TX 75062

Features: All utilities available on site, crushed-base throughout

Close To: HWY. 161, PGBT, DFW international airport and business park west

Buildings: 4,556 SF shop (grade level doors: six (6), 16’ x 16’, 24’ clear height), 2,386 office (8 private offices, bullpen/conference room, kitchen and 2 bathrooms with shower)

Zoning: Industrial Park - Airport Related (IP - AR)

Info: LINK

Brokers: David Guinn at 214-526-3626 x 136 or Keaton Duhon at 214-526-3626 x 135 or Martin Grossman at 214-526-3626 x 152