Alterra IOS has recently made a significant investment in the Portland metro area, acquiring three industrial outdoor storage (IOS) sites totaling 23.2 acres. These locations are currently fully leased to various national and regional tenants.
According to Matt McNutt, Vice President of Acquisitions at Alterra IOS, the Portland region is an ideal location for their investment due to its excellent connectivity with major transportation and intermodal networks on the West Coast. The limited availability of land and ongoing supply constraints have also contributed to high demand in this market.
One of these sites is located at 6433 SE Lake Road and spans over 11 acres with accompanying warehouse space measuring approximately 20,965 square feet. It is situated just eight miles outside of Portland city center and only 15 miles away from Portland International Airport.
Another site acquired by Alterra IOS is located at4000 NE Columbia Boulevard which offers a usable space of about4.4 acres along with a warehouse spanning over9,189 square feet.The property also includesa paved parking lot that can be used for vehicle storage purposes.
The third site acquired by Alterra IOS covers7.8 usable acresand features31,000 square feetof warehouse space.Its convenient location betweenPortlandand Salem makes it an attractive option for businesses looking for industrial outdoor storage solutions in this region.
In summary,A lterra’s recent acquisition showcases their strong interest in investinginthePortland MSAindustrial sector.They have strategically chosen locations that offer prime connectivity options as well as limited land availability – factors that will continue fueling demandinthis thriving market.”
