IOS List - May 24, 2023

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Good morning. This is IOSList, and we bring the heat like a Big Green Egg.

My inbox is absolutely overflowing, in a good way. So today we are clearing the decks with wall-to-wall IOS deals for sale nationwide. We are also sharing our first international deal in Canada! So pour yourself a grande Americano, crack your knuckles, and warm up your spreadsheet machine.

Let’s get some trades going!

FOR SALE

Dallas, TX - two parcel IOS on 28.44 acres

Davidson Bogel Industrial is offering this two parcel industrial outdoor storage totaling 28.44 acres. Currently, the property is raw industrial land separated into 16.89-acre and 11.6-acre parcels. The completed project will offer 680 trailer positions with an additional 116 tandem spaces. The offer is structured as a forward sale, with the owner delivering each site turn-key with: certified industrial standard crushed concrete base, topo/grading work, fenced, lit, re-platted, and move-in condition for tenants. The site is 2.7 miles of the Union Pacific Intermodal and less than 4 miles from I-20, I-35, and I-45. DB2RE projects lease rates of $4,500-$6,000 per ac/mo. Neighbors include KeHE, Vistaprint, Amazon, Kroger, Dallas Trade Center, Discount Tire, Penske, Adesa, and over 2 million SF of proposed industrial space nearby. Excellent low-risk investment opportunity for IOS investors looking to enter DFW market.

For inquiries, reach out to David Guinn at 214-526-3626 ×136 or Grant Lake at 214-526-3626 ×123.

Chicago metro (O’Hare), IL - warehouse + maintenance shop on 6.27 acres

JLL is offering this combination industrial site with trailer parking. The first building is 28,032 SF with 12 exterior docs with 40,000 lb levelers, 2 drive-in doors, 80 trailer stalls, an overbuilt office, full security system, and 2021 pre-cast construction. The second parcel is a 8,100 SF repair and maintenance shop with 4 drive-in bays, 1 trailer repair bay for semi repair, and is 1970 masonry/metal panel construction. The site is located in Elk Grove Village, IL, adjacent to Chicago O’Hare International airport. Quick access to I-90, I-190, I-290, I-355, and I-294. Asking price is $19,000,000.

For inquiries, reach out to Dominic Carbonari at 630-248-9354 or Kate Coxworth at 312-450-5655.

Nashville metro, TN - 20.67 acre IOS development site

Beau Beach with Beechwood is offering this 20.67 acre industrial development site just north of Nashville on I-65 in Goodlettsville, TN. Just 8 miles to Nashville, with 768 feet of I-65 frontage. Traffic count at Bethel Rd and I-65 is 63,000 VPD. Zoning is heavy industrial, under the jurisdiction of Millersville, TN. Permitted uses include: parking lot, manufacturing, trucking terminal, contractor storage yard. Seller financing available. Water and electric are present on the site. Sewer connection available nearby.

For inquiries, reach out to Beau Beach at 615-200-9330 or [email protected].

Minneapolis metro, MN - ISF with truck terminal on 7.9 acres 

CBRE is offering for sale 2929 Lone Oak Circle, an infill, high-flow-through truck terminal with abundant outdoor storage, fuel island, and an onsite truck service facility in Eagan, MN. The property is 100% occupied by TransX LTD (wholly owned by Canadian National Railway (NYSE: CNI), and features 7.9 years of lease term remaining with CPI-adjusted annual rental rate increases. With in-place rents average 40% below competing assets in the immediate vicinity, passive NNN structure, low cap-ex burden, and de minimis supply outlook, Lone Oak offers long-term rent growth prospects and embedded land optionality.

For more information, reach out to Harrison Wagenseil with CBRE at 612-336-4252 or [email protected].

Dallas, TX - warehouse with 13.06 acre IOS

Davidson Bogel Industrial is offering this 44,080 SF warehouse (with 2,500 SF white-boxed office) on 13.06 acres of land for IOS. The warehouse has 24’-30’ clear heights, 5 grade-level doors (20’ x 20’) oversized, 3 phase power at 4800-1200 Amps, functional paint booth, and is crane-served with three 5-ton and one 10-ton. Seller will deliver with improvements: approximately 5 acres of concrete paving and 8 acres of crushed concrete base with asphalt millings. When complete, the site will contain 276 utility parking spaces and 39 standard parking spaces. Income producing asset with an in-place lease with Industrial Radiator on a portion of the property (commenced in April 2023). The remaining 12,000 SF building and 10-acre vacancy is available for immediate lease up.

For inquiries, reach out to David Guinn at 214-526-3626 ×136 or Grant Lake at 214-526-3626 ×123.

Los Angeles, CA - asphalt yard on 0.18 acres 

Newmark is offering this 7,877 SF asphalt yard in LA near the S. Figueroa and W. El Segundo intersection. Less than a minute to a 110 Freeway on-ramp and also proximate to 105 Freeway. Zoning is M-1.5-IP-GZ (Light Industrial) with an existing use of Truck and Material Storage. Property is fenced. LAX, Long Beach Airport, and downtown LA are all within 10 miles. Ports of LA and Long Beach are 13 miles.

For more information, reach out to Newmark brokers Troy Wooton at 949-608-2020 or Zac Fielder at 949-608-2121.

WHEW, TAKE A BREATH

RIGHT BACK TO IT, CANNONBALL

Orangeville, Ontario - warehouse with IOS on 19.88 acres 

Coldwell Banker Commercial Canada is offering this 45,771 SF warehouse on 19.88 acres that is zoned M1 for a wide range of uses including outdoor storage, trucking operations, and various manufacturing processes. The building features 4 dock level doors, 4 large drive-in doors, heavy power (4,000 amps @ 600 V) and a large volume sprinkler system. Located in the heart of Orangeville’s Industrial Business District. Asking price is $22,500,000.

For more information, reach out to Eric Frey at 519-729-3739 or John Hoffman at 519-729-6211.

Atlanta metro, GA - ~20 acre IOS development site

Hughes Commercial Real Estate is offering industrial land with optional built-to-suit preliminary plans for four buildings and an additional 20 acres of industrial outdoor storage. The site is adjacent to I-575 in Cherokee County north of Atlanta. Zoning is Light Industrial. Link to listing: LINK

For inquiries, reach out to Cade McDonald at 404-307-5166.

Coral Springs, FL - 5.46 acre IOS

JLL is offering this existing property which consists of 4 acres of paved, secured, and lit parking on 5.46 acres of total land. The site contains 255 oversized parking spaces (11’ × 27’), and boasts direct access to Sawgrass Expressway. From the site, users can access I-75 in 13 miles. Ft Lauderdale airport and Port Everglades are both 27 miles away. Miami International is 43 miles, and Port Miami is 49 miles. Link to listing: LINK

For inquiries, reach out to Sky Groden with JLL at 954-817-0188.

Lake Worth Beach, FL - 9.79 acre IOS development site

JLL is offering this development opportunity strategically located along the I-95 corridor between the affluent West Palm Beach and Boca Raton, FL. The site has an approved plan for a 47,340 SF structure including a 2 story office of 9,000 SF, a 26,760 SF maintenance shop/warehouse, and a 10,980 SF outdoor open air canopy structure. Just 7 miles to PBI and I-95 access in minutes.

For inquiries, reach out to Sky Groden with JLL at 954-817-0188.

Denver metro, CO - ~20 acre IOS development site

KW Commercial is offering this divisible 19.98 acre IOS development site in Brighton, CO (unincorporated Weld County). Zoning is C-3, allowing a range of uses including pure outdoor storage, landscaping companies, vehicle sales, services, and repairs, wholesale establishments, car washes, fuel stations, contractor shops and more. Public water at the street, sewer expected to be available. Link to listing: LINK

For inquiries, reach out to Bob Demaree at 317-306-9823 or Michael Dente at 720-841-7275.

Wilmington, NC - 25.6 acre IOS development site

Blue Coast Commercial is offering this IOS development opportunity on US Hwy 421 with 639 feet of deep water frontage on the Cape Fear River in Wilmington, NC. Roughly 11 acres are considered upland. An existing 50,000 SF concrete pad is onsite from the former user. Lots of opportunities with water/sewer/rail and access to the Cape Fear River. Port of Wilmington is 5.6 miles. Railroad access is 6.1 miles. Asking price: $4,950,000. Link to listing: LINK

For inquiries, reach out to Amanda Parmer at 910-545-0450 or Steve Hall at 910-279-3227.

Salt Lake City metro, UT - 1.61 acre IOS development site

JLL is offering this 1.61 acre IOS development site in an industrial park north of Ogden, Utah. Zoning is M-1 with many permitted industrial uses. The site is 3 minutes to Hwy 2700N, 4 minutes to I-15, 15 minutes to Odgen-Hinkley Airport, and 43 minutes to SLC International Airport. Link to listing: LINK

For inquiries, reach out to Culum Mills at 801-456-9526, Wick Udy at 801-456-9523 or Rhett Rasmussen at 480-828-1528.

FINALLY, IF JOHN DUTTON HAD AN IOS DEAL