IOSList - August 22, 2023 - Floor bid set on Yellow truck terminals
Colliers helps Alterra buy IOS in Charlotte. Estes sets the floor bid on Yellow truck terminals. West Coast port workers to vote on labor agreement. Nine new IOS deals.
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Colliers reps Alterra on IOS buy in Charlotte. Alterra Properties closed on a 2.69-acre IOS at 4150 Pebble St in Charlotte, NC. The property features an 11,280 SF building with ML-2 Zoning. Justin Smith and Greg Gosselin of Colliers represented Alterra. Congrats to all!
Industrial rents and vacancy still surging (CBRE). The average asking rent stood at $10.06 per square foot, up 9.9% on an annual basis while vacancy in the second quarter was at 3.7%, up 30 basis points from the previous quarter.
West Coast port workers ready to vote on a new labor agreement. “The contract is the single biggest factor to reverse the dramatic shift toward the East and Gulf Coast,” said Paul Bingham of S&P Global, adding “that not all of that lost cargo will return in full.”
Small town IOS site trades hands. Great American Landscapes purchases an 11.5-acre Clarksburg site in Maryland for $5.3 million, intending to utilize it for storage and office space. "The industrial outdoor storage asset class has become so popular of late that it now has its own name," Adam Nachlas, SIOR at MacKenzie Commercial Real Estate Services. Indeed it does.
Estes sets floor bid for Yellow truck terminal assets at $130,000 per dock door. "We do still intend to seek the highest or otherwise best offer for all of the debtor's assets, including the terminals, but are pleased that with the Estes bid in hand, nearly all of the pre-petition secured capital structure is covered by those contemplated proceeds," said Yellow attorney Allyson Smith.
THE COST OF MONEY
IOS FOR SALE
FOR SALE: Gardena Blvd, Carson – 2.32 acres IOS
Address: 333 E Gardena Blvd, Carson, CA 90248
Features: Concrete paved, two access gates, electric security fencing within perimeter fence
Close To: 91, 110, 405 and 105 Freeways, LAX, Ports of Los Angeles and Long Beach
Buildings: 6,000 SF building and 2,800 SF office
Zoning: CAML (Manufacturing, Light)
FOR SALE/LEASE: Munhall, PA - 12.63 acres flex development site
Address: 881 E Waterfront Dr, Munhall, PA 15210
Features: Electricity, gas and water supply available
Close To: Route I-376, CBD, University of Pittsburgh, CMU, and Pittsburgh's East End neighborhoods, Oakland and Pittsburgh International Airport.
Zoning: HI – Heavy Industrial Zoning
FOR SALE: Denver metro (Arvada), CO – 5.29 acre IOS
Address: 5225 Sheridan Blvd, Arvada, CO 80002
Features: Two water wells, gas, 3-phase power, existing billboard income
Close To: Sheridan Boulevard and 52nd Avenue and Denver International Airport.
Buildings: 10,276 SF warehouse and 4,844 SF pole barn, 9 drive-in doors, 2 loading docks, 2 water belts, and 18-19.5’ clear height
Zoning: Split Zoned P-D & I-2
FOR SALE: Nashville metro (Lebanon), TN - 2 to 8.3 acre potential IOS development site
Address: 0 Maddox-Simpson, Lebanon, TN 37090
Features: 10” PVC water line, 8” PVC sewer line, 2” PE (polyethylene) gas line, 3-phase power
Close To: I-40 and Nashville International Airport
Zoning: Industrial Park
Broker: Joe McKnight at 931-619-6686
FOR SALE: Albuquerque, NM - 61.13 acre IOS development site
Address: 9615 Broadway Blvd SE Albuquerque, NM 87105
Features: Sprinklers-wet system, plumbed for air, oil and natural gas, rail site, lit intersection and two points of ingress/egress
Close To: I-25, Albuquerque International Sunport Airport
Buildings: 25,690 sf with reception, private & open offices, conference, and break rooms, 3 separate warehouses, heated and cooled, peak roof height 20’ eave height 16’, 6 dock high with seals and levelers, 2 oversized grade level doors
Zoning: SU-IP Industrial Park, Opportunity Zone, HUB Zone, Free Trade Zone
Asking Price: $19,971,000
IOS FOR LEASE
FOR LEASE: Ellenwood, GA – 5.5 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
Broker: Stephen Bridges at 404-909-1560
FOR LEASE: Converse, TX - 4.68 acre IOS
Address: 8755 E IH 10, Converse, TX 78109
Features: Hard ground
Close To: I-10 and San Antonio International Airport
Broker: Brain Heines at 540-628-5465
FOR LEASE: Lemont, IL – 1.56 acre IOS
Address: 11343 Joliet Road Lemont, Illinois 60439
Features: Concrete paved land, 32,000 VPD
Close To: I-55, I-355, and Chicago Midway International Airport
Buildings: 2,000 SF office
FOR LEASE: Upland, PA – 3 acre IOS
Address: 15 Church St. Upland, PA 19015
Features: Concrete covered, fenced, water, electricity and gas supply available
Close To: I-95, halfway between Philly and Wilmington, DE, Philadelphia International and New Castle County Airport
Broker: Ed Joyce at 484-494-6516
ONE MORE THING
If your contractor has a hip name, wrapped trucks and a fancy logo, you need a new contractor.
— Levi (@Levijameshere)
Aug 21, 2023
SECURE THE MUG!
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