IE Business Daily Business news for the Inland Empire.
The owner of more than 300 industrial outdoor U.S. storage sites has added an Inland Empire facility to its portfolio.
Alterra IOS has purchased a 15.2-acre operation in Jurupa Valley that is fully leased and has a concrete yard and a 26,000-square-foot maintenance facility, according to a statement.
Cost of the purchase was not disclosed.
The facility at 5600 Market St. was renovated during the past year to 18 months.
“This acquisition sets a new standard for single-site IOS transactions, particularly in Southern California where sites of this acreage have become sparse,” said Matt McNutt, vice president of acquisitions at Alterra IOS, in the statement. “We are proud to have orchestrated a landmark deal for a fully developed, expansive property in one of the country’s largest industrial markets.”
