The site offers seamless connectivity to the Ports of Los Angeles and Long Beach, and expands Alterra’s Southern California portfolio to 11 properties
Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 300 sites nationwide, today announced the acquisition of a 15.2 usable acre facility in the Inland Empire metropolitan area. The Class A parcel, which underwent significant capital improvements in the last 12-18 months, is equipped with a concrete yard and a new 25,910-square-foot maintenance facility.
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Aerial View of 5600 Market Street (Credit: Alterra IOS)
The site is located at 5600 Market Street in Jurupa Valley, a city in Riverside County, the site is fully leased to a national trucking and transportation company with terminal facilities nationwide. 5600 Market Street offers proximate access to the ports of Los Angeles and Long Beach, as well as connectivity to I-215, I-10, I-15, and Route 60.
“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. “We are proud to have orchestrated a landmark deal for a fully developed, expansive property that meets the tenant’s need for access to vital transportation infrastructure in one of the country’s largest industrial markets.”
Alterra’s investment strategy focuses on securing prime locations that offer access to critical infrastructure, ensuring connectivity and operational efficiency for its tenants. A key focus is on acquiring properties within dense infill industrial clusters, surrounded by similar IOS users. The acquisition was facilitated by Chase MacLeod & Co.
Alterra is one of the nation’s largest owners of industrial outdoor storage space, having acquired more than 300 properties in more than 35 states across the U.S. As a vertically integrated investor, developer, and operator of IOS, Alterra is uniquely positioned to serve companies in search of national connectivity to store equipment, machinery, vehicle fleets, shipping containers, building materials, retail inventory, and more.
About Alterra IOS
Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Over the past six years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, and building materials industries through the acquisition or development of over 300 properties across 30+ states as of Q3 2024. The dedicated team of investment, development, construction, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.
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