Curated News
By: NewsRamp Editorial Staff
August 13, 2025
Steel Peak Expands in Salt Lake City with $3.1M IOS Property Acquisition
TLDR
- Steel Peak's acquisition of a $3.1 million IOS property in Salt Lake City offers investors a strategic advantage in a high-demand market with limited M-2 zoning.
- Steel Peak plans cosmetic and office upgrades for the 15,218-square-foot industrial building on 2.34 acres to attract high-quality tenants in Salt Lake City.
- Steel Peak's investment in IOS properties supports local construction and infrastructure projects, enhancing economic growth and job opportunities in the Western U.S.
- Discover how Steel Peak's second Salt Lake City IOS acquisition in 2025 leverages M-2 zoning for diverse industrial uses near key transport links.
Impact - Why it Matters
This news is significant for investors and businesses in the industrial real estate sector, highlighting the growing demand for industrial outdoor storage (IOS) properties in key markets like Salt Lake City. Steel Peak's strategic acquisitions and improvements not only reflect the firm's growth trajectory but also the broader trends in industrial real estate, where demand is fueled by construction and infrastructure projects. For businesses requiring large outdoor storage areas, the scarcity of such properties could mean higher competition and costs, making Steel Peak's investments timely and strategic.
Summary
Steel Peak, a commercial real estate investment firm specializing in industrial outdoor storage (IOS) properties, has made a significant move by acquiring its second IOS property in Salt Lake City for $3.1 million in 2025. This acquisition at 758 W 1500 N, Salt Lake City, UT, underscores the company's aggressive expansion strategy, marking its eighth property across Utah, California, and Washington since its inception in January 2024. The property, featuring a 15,218-square-foot industrial building on 2.34 acres with M-2 (Heavy Manufacturing) zoning, is poised for strategic upgrades to attract high-quality tenants. Steel Peak's principals, Blake Rodgers and Pasha Johnson, highlight the growing demand for IOS properties in Salt Lake City, driven by construction activity and the scarcity of well-located sites with heavy manufacturing zoning. The firm's focus on the Western U.S. market, with investments ranging from $5 million to $50 million, reflects its commitment to capitalizing on the booming demand for industrial outdoor storage spaces. For more insights into Steel Peak's investment strategy, visit Steel Peak.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Steel Peak Expands in Salt Lake City with $3.1M IOS Property Acquisition
