ORLANDO, Fla.--(BUSINESS WIRE)--Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector managing a portfolio of over 270 properties as of Q2 2024, today announced the successful acquisition of a 6-acre IOS site in Orlando, Florida.
Located at 4777 Old Winter Garden Road, between the Orlovista and Rock Lake areas, the property features 17,220 square feet of existing buildings. Just four miles from downtown Orlando, the site is primely located in near proximity to several arterial freeways including I-4, Route 408 and Route 435.
"We are thrilled to expand our presence in the Orlando market. This acquisition is a testament to our strategic vision and commitment to providing prime industrial spaces in key locations," said Chris White, Vice President, Alterra IOS. "The site's excellent connectivity and the immediate interest from tenants underscores the value this property brings to our portfolio."
The combination of proximity to beneficial transportation and interest sparked from tenants in the area gives Alterra the confidence that this site will lease extremely quickly. There has been strong lease interest due to the new supply on the Orlando market, all thanks to Alterra IOS. Today’s acquisition brings Alterra’s total number of owned sites in the Orlando area to eight.
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, 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 provides tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.
