IOS Daily - October 11, 2023 - Transport Properties buys at the border

SPACE NEEDED - URGENT

Help us fill a truck parking requirement from a publicly traded logistics company. To submit potential sites, please email details to [email protected].

Day Cab Requirements (MTM, or up to 12 months)

Sacramento (100 assets) | Cincinnati/North Kentucky (100 assets) | Oakland (25 assets) | Miami (30 assets) | Newark (100 assets)

Sleeper Cab Requirements (overnight, 5-10 slips per day, variable)

Burlington/Teterboro, NJ | Charlotte, NC | Baltimore, MD | Little Rock, MD | Grand Rapids, MI | Bakersfield, CA | Long Beach, CA | Tucson, AZ | Oxnard, CA | San Diego, CA

NEWS ROUNDUP

ACQUISITION: Transport Properties buys Laredo IOS. The company announced the purchase of a 1.86 acre trailer yard at 14710 Atlanta Drive in Laredo. The site is currently available for lease, contact Burke Scott.

ACQUISITION: ALMCOR and Cerberus buy two IOS in the UK. A JV between the firms spent 50 million pounds to acquire the 48-acre Leyland Business Park in Preston the 90-acre Melton Commercial Park in Melton Mowbray. The JV has 500 million pounds allocated to UK and Euro IOS projects. Contact Peter McCluskey, head of active value at ALMCOR.

TEXAS: Texas to invest $240 million into ports. Governor Greg Abbott announced that 31 port projects in Texas will begin receiving an estimated $240 million in state funds to improve facilities and bolster the state’s supply chains. The Port of Houston will undergo a dredging and widening project to allow for unrestricted two-way traffic of larger ships.

EV TRUCKS: Mercedes reveals long-haul electric truck. Yesterday, Mercedes-Benz Trucks announced the new eActros 600 (editor’s note: terrible name), which can travel 311 miles on a single charge while hauling up to 22 tons of cargo. The truck will be available later this year, and it will compete directly with Tesla’s battery-powered Semi which has already landed orders from Walmart and UPS.

PEOPLE MOVES: Brooke Birtcher Gustafson is new president of Birtcher Development. Congrats to Brooke, who has been with Birtcher since 2007 and served as managing director since 2017. She leads the firm’s West Coast alternative investment focus, including industrial outdoor storage and third-party asset management.

FOR SALE: 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

Info: LINK

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

FOR SALE: Norcross, GA – 2.1 acre IOS

Address: 4303 Communications Drive, Norcross, GA 30093

Features: Paved, fenced, lit, security system, 53 parking spaces, 100% occupied with tenants on month-to-month leases

Close To: I-85 and Midtown Atlanta

Zoning: M-1 zoning

Info: LINK

Asking price: $2,200,000

Broker: Connor Cohen at 678-429-6098

FOR SALE: Lawrence, NY – 1 acre IOS

Address: 656 Rockaway Tpke, Lawrence, NY 11559

Close To: Red Hook Container Terminal, JFK airport and La Guardia Airport

Zoning: Industrial

Info: LINK

Asking Price: Call to ask

Brokers: Gary Friedman at 516-375-7622 or James Parnes at 516-732-7864

FOR SALE: Rochester, Washington - 6.5 acres IOS

Address: 10332 School Land Rd SW, Rochester, Washington 98579

Features: Fenced yard with rail access, black slatted fence with barbed wire

Close To: Interstate-5

Buildings: 16,000 SF of industrial space throughout 4 buildings. Fully operational truck scale on-site.

Zoning: RRI (Rural Resource Industrial)

Info: LINK

Asking Price: $1,750,000 ($110/SF)

Broker: Garett Hall at 360-259-8790

FOR LEASE: Kent, WA – 8.6 acre ISF

Address: 24300 Pacific Hwy S, Kent, WA 98026

Features: Fully fenced, lots of power, great location between the ports

Close To: I-5, Pacific Hwy S, Port of Tacoma and Seattle-Tacoma International Airport

Buildings: 3,200 SF service building, 3 oversized bay doors, drive through door, separate 1,040 SF office building

Zoning: GC (General Commercial)

Info: LINK

Availability: January 1, 2024

Brokers: Mark Childs at 503-504-3298 or Bruce Clarkson at 206-399-6218

FOR LEASE: Las Vegas, NV – 6.06 acre IOS

Address: 4710 E. Cartier Ave, Las Vegas, NV 89115

Features: Partially paved, fully sprinkled, septic tank

Close To: I-15, North Las Vegas Airport and McCarran International Airport

Buildings: 9,200 SF building including a 6,050 SF warehouse and 3,150 SF office, five grade-level doors, 22’ clear, 25 standard parking spaces, 400A, 120/240 V, 3% building coverage

Zoning: M-1 Zoning

Info: LINK

Rental Rate: Negotiable

Brokers: Zach McClenahan at 702-580-7055, Leslie Houston at 660-287-2253, Eric Larkin at 702-279-2479, or Michael Kenny at 702-408-0963

FOR LEASE: Dallas, TX – 12.53 acre IOS

Address: 8800 S Central Expressway, Dallas, TX 75241

Features: Graveled, fenced, utilities on site, lighting

Close To: I-45, Highway 12, just north of the intermodal

Buildings: 3 buildings on the property consisting of a 13,239 SF warehouse, 4,469 SF office and a 1,138 SF garage

Zoning: IR (Industrial Research)

Info: LINK

Brokers: Andrew Wiesemann at 318-267-1074 or Drew Boroughs at 903-539-9971

FOR LEASE: Fontana, CA – 2.4 acre truck yard

Address: 10193 Live Oak Ave, Fontana, CA 92335

Features: Paved, fenced, utilities onsite

Close To: 10 and 15 Freeways

Buildings: 1,080 SF office, 3 in-ground truck wells, 20 auto parking stalls

Zoning: M1

Info: LINK

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

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