Blockchain Registration Transaction Record

Steel Peak Expands West Coast Portfolio with $6.2M Seattle IOS Acquisition

Steel Peak acquires $6.2M industrial outdoor storage property in Seattle, marking their ninth West Coast IOS acquisition since January 2024. Learn about their expansion strategy.

This acquisition reflects the growing demand for industrial outdoor storage properties driven by increased infrastructure spending and construction activity. For businesses in construction, equipment rental, and logistics, the limited supply of functional IOS properties means rising costs and competition for suitable operational space. Investors should note the strong fundamentals in this niche real estate sector, where limited new development and high replacement costs create favorable conditions for long-term rent growth and investment returns.