Alterra Acquires Industrial Outdoor Storage Portfolio

April 6, 2026

Investment Industrial News Orlando More Southeast Tampa

The deal expands the investor's Central Florida footprint to 35 properties.

Aerial view of 13350 Dr. Martin Luther King Jr. Blvd., an industrial outdoor storage property in Tampa, Fla. — The largest of the Tampa-area properties Alterra IOS acquired is 13350 Dr. Martin Luther King Jr. Blvd. in Tampa, Fla. *Image courtesy of Alterra IOS*

Alterra IOS has acquired five industrial outdoor storage properties in Florida totaling 23 usable acres and 96,500 square feet of accompanying warehouse space for an unspecified price. Three of the sites are in Tampa, Fla., while the remaining two are in Orlando, Fla.

The deal expands Alterra’s footprint in Central Florida to 35 properties. Nearly all of the newly acquired properties are fully leased to tenants in various sectors, including logistics, infrastructure and utilities.

The company continues to see sustained demand for well-located, functional sites in the supply-constrained markets of Orlando and Tampa, Alterra IOS Vice President of Acquisitions Chris White said in a statement.

The largest of the Tampa-area properties is 13350 Drive Martin Luther King Jr. Blvd., which consists of 5.5 usable acres in Dover, Fla., between Tampa and Lakeland, Fla., along US 574, providing connection to I-4 and I-75. The site is currently leased to a trucking and trailer sales group. Hector Delgado of Panther Capital Group facilitated the transaction.

The other two Tampa-market properties, also leased, are 3927 US-19 and 2902 E. Sligh Ave., which have 5 usable acres and 2.9 usable acres, respectively. The former is in Palmetto, Fla., with Robbie Lober and Devin Beeler of Lober Real Estate facilitating the transaction. The latter is 10 miles from Tampa International Airport; Devin Beeler of Lober Real Estate brought this transaction to Alterra.

In metro Orlando, 3636 Fudge Road has 6.9 usable acres in Apopka, Fla. The property is fully leased to a water, sewer and drainage provider. Cory Kroeger of Kroeger Commercial brought the deal to Alterra.

Also, 2506 Eunice Ave. has 2.7 usable acres in northwest Orlando, less than 20 miles from Orlando International Airport. Currently the property is leased to an interstate freight distribution company. Alessandra Bianchi of ONE Commercial Real Estate facilitated the deal.

Investors see opportunities in IOS

Alterra is a major player in the industrial outdoor storage niche, and so far has acquired over 450 sites nationwide. It has been busy in the sector lately, with investors eager to get a piece of the IOS pie.

In March, the company obtained $103 million in acquisition financing for a 23-asset industrial outdoor storage portfolio, including properties in 18 markets across the U.S. PGIM provided the loan.

Late in 2025, Alterra IOS received a $150 million loan facility from alternative investment asset management company Blue Owl Capital, an experienced data center investor. This deal was Blue Owl’s first foray into IOS.

Also in 2025, Alterra IOS acquired a 12-property IOS portfolio totaling 43.3 usable acres in an all-cash deal from an unidentified institutional private group. The properties are in Phoenix; Austin, Texas; Raleigh-Durham, N.C.; Tampa and Sacramento, Calif.