IOSList - August 22, 2023 - Floor bid set on Yellow truck terminals

NEWS ROUNDUP

1.  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!

2. 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.

3. 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.”

4. 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.

5.  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.

    

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)

Info: LINK

Brokers: Brian Held at 310-363-4825, Brent Koo at 213-613-3135, Lex Yoo at 213-613-3137, or Abraham Kim at 213-613-3347

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

Info: LINK

Broker: Greg Hopkins at 412-208-8245 or Rick O’Brien at 412-208-1403

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

Info: LINK

Broker: Spencer Mason at 303-905-7219, or Brandon Kramer at 303-328-2020

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

Info: LINK

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

Info: LINK

Asking Price: $19,971,000

Broker: John Ransom at 505-880-7011, Tim With at 505-880-7092, or Jake Wilkinson at 325-721-2353

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

Info: LINK

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

Info: LINK

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

Info: LINK

Brokers: Jack Brennan at 630-317-0754 or John Whitehead at 630-693-0643

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

Info: LINK

Broker: Ed Joyce at 484-494-6516