PHILADELPHIA, PA — Alterra IOS has acquired a portfolio of 12 Class A industrial outdoor storage (IOS) properties, expanding its national presence with 43.3 usable acres and over 165,000 square feet of warehouse space. The sites are located in key U.S. markets, including Austin, Phoenix, Raleigh-Durham, Sacramento, and Tampa.
All properties are fully leased to a publicly traded national leader in equipment rental services and feature recently constructed, build-to-suit layouts. The acquisition reflects ongoing demand for high-quality IOS assets as the equipment rental sector continues to consolidate.
“Acquiring this portfolio meaningfully expands our national footprint and reinforces our stature as a leader and trusted partner in the industrial outdoor storage sector,” said Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS. “The properties, fully leased to a publicly traded, national leader in equipment rental services, feature newer construction and highly functional property layouts. As the equipment rental sector continues to consolidate, we’re seeing rising demand for well-located, high-quality IOS properties that enable these companies to best serve their customers. This acquisition highlights Alterra’s commitment to fostering strong tenant partnerships and a well-connected national platform.”
The sites acquired include:
- Kings Mountain, NC (Charlotte MSA): 7.0 acres / 20,950 sq. ft.
- Port Allen, LA (Baton Rouge MSA): 5.8 acres / 23,060 sq. ft.
- Malabar, FL (Palm Bay MSA): 4.9 acres / 19,700 sq. ft.
- Apache Junction, AZ (Phoenix MSA): 4.2 acres / 10,850 sq. ft.
- Conway, SC (Myrtle Beach MSA): 3.6 acres / 10,850 sq. ft.
- Wilmington, NC (Wilmington MSA): 3.0 acres / 14,400 sq. ft.
- Sacramento, CA (Sacramento MSA): 3.0 acres / 9,440 sq. ft.
- Monroe, LA (Monroe MSA): 2.7 acres / 15,250 sq. ft.
- Austin, TX (Austin MSA): 2.5 acres / 9,600 sq. ft.
- Ocala, FL (Ocala MSA): 2.4 acres / 15,110 sq. ft.
- Tampa, FL (Tampa MSA): 2.4 acres / 9,440 sq. ft.
- Wake Forest, NC (Raleigh-Durham MSA): 1.6 acres / 10,800 sq. ft.
The portfolio was brokered by Rory Shelby and Scott Gould of Marcus & Millichap.
“The sale of this multi-state portfolio highlights the significant demand we’re seeing for blue-chip, institutional-quality equipment rental assets in top markets, where supply is extremely limited,” said Shelby. “A transaction of this magnitude demanded a buyer with both the technical wherewithal and the capacity for seamless execution. It took a grand effort from all sides. Always a pleasure working with the team of professionals at Alterra on another great buy.”
Alterra remains the largest IOS owner in the U.S., with more than 350 properties across 37 states as of the second quarter of 2025. The company focuses on acquiring infill locations near logistics and transportation hubs, serving businesses that require outdoor storage for equipment, fleet vehicles, shipping containers, or construction materials.
For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News and MSN.