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Alterra IOS Acquires 3 Industrial Outdoor Storage Sites in Greater Tampa Area

By: Alterra IOS via Business Wire

August 26, 2024 at 11:56 AM EDT

The acquisitions expand Alterra’s portfolio to 8 assets in the region near major international transportation hubs

Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 270 properties nationwide, today announced the acquisition of three IOS locations totaling 12.4 acres — two within the Tampa Bay metropolitan area and one east of Tampa. The properties are conveniently located within minutes of downtown Tampa, offering ease of access to Port Tampa Bay, Tampa International Airport, and a network of interstate highways.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826312021/en/

Aerial view of 4434 Maine Avenue (Photo: Business Wire)

"These acquisitions reflect our ongoing commitment to strategically expanding our portfolio in high-demand markets," said Chris White, Vice President, Alterra IOS. "By securing these prime locations near major transportation hubs, we are not only enhancing our presence in the Tampa area but also providing our tenants with unparalleled access to critical logistics and distribution networks. This aligns perfectly with our mission to support the operational needs of businesses across the nation."

6113 Causeway Blvd. in Tampa spans 3.2 usable acres and includes 9,600 square feet of warehouse space and a 3,030-square-foot shop building. This location offers tenants easy access to major transportation hubs such as proximity to the I-75 interchange and multiple state highways, serving as a gateway throughout Tampa and the greater southeast.

9713 Palm River Road in Tampa represents 2.6 usable acres and includes 12,000 square feet of warehouse space. The property has been leased to a national convenience store chain for truck fleet storage. The parcel is in close proximity to SR-301 and less than two miles from the I-75 interchange, providing convenient access to both the Tampa area and greater southeastern United States.

4434 Maine Ave. in Lakeland, east of Tampa, is a 6.6-acre location equipped with a 46,865-square-foot warehouse. The site, currently leased to a national trucking company, is near four major highways in Central-Western Florida – Polk Parkway, I-92, I-98, and I-4. The location also provides easy access to major port cities such as Miami, Tampa, Fort Lauderdale and Cape Canaveral while also providing access to major airports in the Orlando International and Tampa International Airport.

Alterra is one of the nation’s largest owners of industrial outdoor storage space, having acquired over 270 assets in more than 30 states across the U.S. As a vertically integrated investor, developer, and operator of IOS, Alterra is uniquely positioned to serve companies in search of national connectivity to store equipment, machinery, vehicle fleets, shipping containers, building materials, retail inventory, and more.

Lee & Associates facilitated the acquisition of 6113 Causeway Blvd.

Axiom facilitated the acquisition of 9713 Palm River Road.

Jimmy Ulrich of Colliers Tampa facilitated the acquisition of 4413 Maine Ave.

About Alterra IOS

Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Over the past six years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, and building materials industries through the acquisition or development of over 270 properties across 30+ states as of Q2 2024. The dedicated team of investment, development, construction, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.