Alterra IOS has purchased 11 best-in-class industrial outdoor storage (IOS) properties concentrated in major industrial and logistics hubs across the United States. The portfolio spans 31.6 usable acres and includes more than 206,000 square feet of warehouse space. All properties are fully stabilized and wholly leased to a national equipment rental company.
The portfolio consists of strategically located assets near critical logistics and transportation corridors in markets including Chicago, Houston, the San Francisco Bay Area and northern New Jersey. The transaction expands Alterra’s national presence in key markets during a time when strong demand and leasing fundamentals persist across the IOS sector.
“This portfolio is representative of our core thesis – acquiring well-positioned industrial outdoor storage assets with grade level warehouses and supportive IOS zoning,” said Mark Gannon, senior vice president of acquisitions, Alterra IOS. “These propertie
