Curated News
By: NewsRamp Editorial Staff
July 10, 2025
Steel Peak Sells El Cajon IOS Property for $9.5M, Highlighting Demand
TLDR
- Steel Peak's strategic acquisition and redevelopment of the El Cajon IOS property yielded a $3.2 million profit in under a year, showcasing lucrative real estate investment tactics.
- Steel Peak transformed a 12,000-square-foot IOS property in El Cajon through demolition, preservation, and upgrades, enhancing its value and functionality for $9.5 million sale.
- The redevelopment of the El Cajon IOS property by Steel Peak not only increased its market value but also improved local infrastructure and business utility.
- Discover how Steel Peak turned a $6.3 million investment into a $9.5 million sale by revitalizing an IOS property in just months.
Impact - Why it Matters
This transaction highlights the growing demand for industrial outdoor storage properties in strategic locations, reflecting broader trends in the commercial real estate market. For businesses in sectors like oil and gas, construction, and logistics, securing well-located IOS properties is crucial for operations. This sale also demonstrates the potential for value-add investments in real estate, offering insights for investors and developers looking at similar opportunities. The competitive landscape for such properties underscores the importance of strategic acquisitions and redevelopments to meet tenant needs and achieve profitable exits.
Summary
Steel Peak, a commercial real estate investment firm, has successfully sold a 12,000-square-foot Industrial Outdoor Storage (IOS) property in El Cajon, California, to C&M Manufacturing, Inc. for $9.5 million. This property, originally acquired for $6.3 million in February 2024, underwent significant redevelopment to enhance its utility and appeal for IOS tenants, including new paving, fencing, and building upgrades. The sale underscores the high demand for well-located IOS properties in Southern California, particularly those serving contractors and construction-related businesses. Steel Peak's co-founders, Blake Rodgers and Pasha Johnson, highlighted the strategic value-add and the aggressive pursuit of high-utility sites by owner-users in a competitive market. The transaction was facilitated by Cameron Czubernat and Kerry Schimpf of Commercial Property Group for Steel Peak, with Aidan James of Inland Pacific representing the buyer. Steel Peak continues to explore IOS investment opportunities across the Western U.S., aiming for properties with capitalized values between $3 million and $50 million.
For more details on Steel Peak's investment strategy and portfolio, visit www.steelpeakproperties.com.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Steel Peak Sells El Cajon IOS Property for $9.5M, Highlighting Demand
