Outdoor Storage Alterra IOS Purchases 15-Acre Industrial Facility in Inland Empire
Alterra IOS, a leading force in the industrial outdoor storage (IOS) sector, continues to expand its nationwide portfolio, having recently acquired a 15.2-acre site in the Inland Empire metropolitan area. With more than 300 properties across the country, Alterra is further solidifying its position as a major player in the industry. The newly acquired facility, located at 5600 Market Street in Jurupa Valley, Riverside County, is a Class A parcel that offers significant potential for both operational efficiency and tenant convenience.
The 15.2-acre site, which is fully leased to a national trucking and transportation company, boasts a wealth of recent upgrades. The property underwent substantial capital improvements over the past 12 to 18 months, including the construction of a 25,910-square-foot maintenance facility and the installation of a durable concrete yard. These enhancements elevate the site’s utility and appeal, making it a prime location for its tenant, a company with terminal facilities nationwide. The facility’s proximity to essential transportation infrastructure further enhances its value. Located near the Ports of Los Angeles and Long Beach, the site enjoys convenient access to major freeways such as I-215, I-10, I-15, and Route 60—key routes for both local and long-distance transportation.
Matt McNutt, Vice President of Acquisitions at Alterra IOS, highlighted the significance of this acquisition, noting, “This acquisition sets a new standard for single-site IOS transactions, particularly in Southern California where sites of this acreage have become increasingly scarce.” He added that the deal represents a major achievement for Alterra, as the expansive property meets the needs of tenants seeking strategic access to essential transportation infrastructure in one of the country’s largest and most active industrial markets.
Alterra’s investment strategy focuses on acquiring prime locations that provide direct access to critical infrastructure, ensuring that their tenants benefit from enhanced connectivity and operational efficiency. The company strategically targets properties situated within dense industrial clusters, which are home to other IOS users. This approach helps maximize the operational effectiveness of their properties and creates valuable synergies for businesses operating in these areas. The acquisition of the Jurupa Valley property aligns perfectly with this strategy, as it offers a location that facilitates seamless connectivity to key transportation routes and infrastructure.
This acquisition was made possible through the efforts of Chase MacLeod & Co., a key player in facilitating the deal and supporting Alterra’s continued growth in the IOS sector. The firm’s involvement ensures that Alterra’s acquisitions remain aligned with its broader objectives of expanding its footprint in key markets across the United States.
As one of the largest owners of industrial outdoor storage properties in the country, Alterra IOS has now acquired more than 300 sites across 35 states. The company’s diverse portfolio includes a wide range of properties used for storing various types of equipment, machinery, vehicle fleets, shipping containers, building materials, retail inventory, and much more. Alterra is a vertically integrated firm that not only invests in but also develops and operates IOS properties, giving the company unique insights and control over the management of its holdings.
Alterra’s robust national presence is bolstered by its strategic focus on providing businesses with flexible storage solutions that are vital to their operations. The company’s facilities are ideal for companies in industries that rely on secure outdoor space for large-scale equipment storage and logistics operations. By securing prime locations in key industrial markets, Alterra continues to serve a wide range of tenants, including logistics providers, construction companies, transportation firms, and more.
With the acquisition of the 15.2-acre facility at 5600 Market Street, Alterra IOS not only strengthens its presence in Southern California but also sets a new benchmark for IOS transactions in the region. This move exemplifies the company’s ongoing commitment to offering strategic, well-located, and fully developed properties that cater to the evolving needs of businesses across the country.
In conclusion, Alterra IOS’s continued expansion and investment in high-quality, strategically located properties like the Jurupa Valley site are a testament to its leadership in the industrial outdoor storage market. By focusing on infrastructure connectivity and operational efficiency, Alterra remains well-positioned to support a wide range of industries while driving long-term value for its tenants and investors alike.