Industrial outdoor storage (IOS) properties continued to draw attention last week with Tempus Realty Partners announcing its purchase of a portfolio totaling 15 properties across eight states for $39.2 million.

Meanwhile, Bay Street Capital last week announced a joint venture with Drake Real Estate Partners to focus on value-add industrial opportunities. In May, those two closed on a pair of IOS properties in the greater-Nashville area. 

This once overlooked asset type is seeing soaring user demand while supply continues to diminish as industrial-entitled land is often developed as warehouse space and municipalities are wary of approving development of new IOS sites.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Industrial
Net Lease
Southwest