13.6-Acre Yard Features Newly Constructed Buildings
DALLAS, TX (August 19, 2022)—Industrial Outdoor Ventures (IOV) has expanded its presence in the Dallas marketplace with the acquisition of an ISF at 3918 Telephone Rd. in a prime in-fill location. IOV now owns five assets in Dallas. The Seller was a private investor. Terms of the transaction were not disclosed.
The well-located ISF features a 13.6-acre storage yard and two newly constructed buildings, completed in 2021, which total 8,914 square feet. The maintenance shop, equipped with three drive-in doors, totals 5,203 square feet. The office building totals 3,711 square feet.
"This represents a classic acquisition opportunity for IOV,” said Eric Johnson, Senior Vice President, Industrial Outdoor Ventures. “It’s a quality asset that is further enhanced by two newly constructed buildings, and we plan to add considerable value with the lease-up of this essentially tenant-ready asset.”
Among the ideal uses for the property include an equipment rental and maintenance facility, a trailer and/or laydown yard as well as a storage yard for building and construction-related materials.
In addition to the benefits of offering a large yard and existing buildings, the Telephone Road asset is well-located in the Dallas market, one of the top industrial markets in the country. The property offers close proximity to Interstates 20 and 45, downtown Dallas, and Union Pacific Intermodal in Hutchins.
3918 Telephone Rd is available for lease.
ERIC JOHNSON
Senior Vice President, Development & Acquisitions
Phone: 312.898.2978
Email: eric@iovre.com
ANTHONY DELAURENTIS
Acquisitions Officer
Phone: 847.595.0263
Email: anthony@iovre.com