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Alterra IOS Acquires 12-Site, 43-Acre Portfolio
Alterra IOS has acquired 12 IOS sites, totaling 43.3 usable acres with over 165,000 square feet of accompanying warehouse space. The sites are situated in key metropolitan areas across the country, including Austin, Phoenix, Raleigh-Durham, Sacramento and Tampa.
All of the properties in the portfolio are fully leased, featuring newly constructed locations built-to-suit for the tenant. This acquisition was brought to Alterra IOS 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.
“As the equipment rental sector continues to consolidate, we’re seeing rising demand for well-located, high-quality IOS sites that enable these companies to best serve their customers,” said Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS.
