{"id":1004740259,"date":"2024-12-11T05:55:24","date_gmt":"2024-12-11T13:55:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004740259"},"modified":"2024-12-11T06:00:42","modified_gmt":"2024-12-11T14:00:42","slug":"alterra-ios-buys-oregon-outdoor-storage-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/","title":{"rendered":"Alterra IOS Buys Oregon Outdoor Storage Properties"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"4853\" height=\"3642\" data-attachment-id=\"1004740272\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/alterra-ios-portland\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\" data-orig-size=\"4853,3642\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;3.5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;L1D-20c&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1727713752&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;10.26&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"alterra ios portland\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Exterior shot of an industrial outdoor storage property at 17804 Shank Road NE in Hubbard, ore. Image courtesy of Alterra&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\" alt=\"Exterior shot of an industrial outdoor storage property at 17804 Shank Road NE in Hubbard, ore.\" class=\"wp-image-1004740272\" style=\"width:371px;height:auto\"\/><\/a><figcaption class=\"wp-element-caption\">Aerial view of the industrial outdoor storage property at 17804 Shank Road NE in Hubbard, Ore., the second property of the three-asset portfolio deal.  <em>Image courtesy of Alterra<\/em> <em>IOS<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Alterra IOS has acquired three<a href=\"https:\/\/www.commercialsearch.com\/news\/now-is-the-time-for-the-evolution-of-ios\/\" target=\"_blank\" rel=\"noreferrer noopener\"> industrial outdoor storage<\/a> sites totaling 23 usable acres in metro Portland, Ore. With this acquisition, the company&#8217;s regional footprint comprises six such assets, while its national portfolio features more than 280 sites spread across 30 states as of September.<\/p>\n\n\n\n<p>The current sale included properties in Milwaukie, Ore., Portland and Hubbard, Ore.<\/p>\n\n\n\n<p>The facility at 6433 SE Lake Road in Milwaukie is a 20,965-square-foot warehouse that includes a driver\u2019s lounge on an 11-acre site. The property is fully occupied by a regional building materials suppliers and allows easy access to Oregon routes 224 and 99, while being 15 miles from Portland International Airport.<\/p>\n\n\n\n<p>The second asset at 4000 NE Columbia Blvd. in Portland features a 9,189-square-foot warehouse and paved parking area on 4.4 usable acres. A large equipment rental company has occupied the property for the past two decades. The asset allows easy access throughout the Portland metro area via interstates 5 and 205.<\/p>\n\n\n\n<p>The third property is at 17804 Shank Road NE in Hubbard and features a 31,000-square-foot industrial building on nearly 8 usable acres, leased to multiple tenants. The asset is close to Oregon State Routes 99E and 551N.<\/p>\n\n\n\n<p>Capacity Commercial Group provided assistance on the first acquisition, while Collier\u2019s Vice President Tom Knecht was in charge of the second deal and Macadam Forbes\u2019 Broker Zach Reichle facilitated the third one.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-steady-demand-in-the-ios-sector\">Steady demand in the IOS sector<\/h2>\n\n\n\n<p>The traditionally niche IOS market is continuing to evolve, characterized by a continued growth in demand from institutional investors, according to a June report from American Realty Advisors. The rise of e-commerce sales, that accounted for 15.9 percent of all sales by the end of the first quarter of 2024, is one factor that fuels the demand for more IOS space.<\/p>\n\n\n\n<p>Alterra IOS&#8217;s recent acquisitions include the purchase of a<a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-7-asset-portfolio\/\"> seven-property portfolio<\/a> with assets in Dallas, Minneapolis, Indianapolis, Chicago, Nashville, Tenn., Cleveland and St. Louis metro areas. The portfolio comprises 23 acres and is fully leased.<\/p>\n\n\n\n<p>In September, the company picked up <a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-buys-4-houston-area-ios-assets\/\" target=\"_blank\" rel=\"noreferrer noopener\">four properties in the Greater Houston<\/a> area, in a deal brokered by Lee &amp; Associates and Partners Real Estate. The assets totaled 17 acres.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s metro Portland footprint now includes six assets.<\/p>\n","protected":false},"author":2991,"featured_media":1004740272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,28440,15],"tags":[52349,38614,35498],"class_list":["post-1004740259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-portland","category-west","tag-alterra-ios","tag-capacity-commercial-group","tag-colliers"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alterra IOS Buys Oregon Outdoor Storage Properties - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Alterra IOS has acquired three industrial outdoor storage sites totaling 23 acres in the Portland metro area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alterra IOS Buys Oregon Outdoor Storage Properties\" \/>\n<meta property=\"og:description\" content=\"Alterra IOS has acquired three industrial outdoor storage sites totaling 23 acres in the Portland metro area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-11T13:55:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-11T14:00:42+00:00\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/\",\"name\":\"Alterra IOS Buys Oregon Outdoor Storage Properties - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\",\"datePublished\":\"2024-12-11T13:55:24+00:00\",\"dateModified\":\"2024-12-11T14:00:42+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Alterra IOS has acquired three industrial outdoor storage sites totaling 23 acres in the Portland metro area.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-oregon-outdoor-storage-properties\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/12\/alterra-ios-portland-e1733839552853.jpg\",\"width\":4853,\"height\":3642,\"caption\":\"Exterior shot of an industrial outdoor storage property at 17804 Shank Road NE in Hubbard, ore. 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