Industrial Outdoor Storage Deals - September 9, 2025

ACQUISITION: Zenith IOS acquired a three-acre industrial site at 1150 Jetport Drive in Orlando, FL, featuring a 22,000 SF warehouse with 12 drive-in doors. At closing, Zenith secured a lease with a mobile crane company, reflecting its ability to quickly match functional IOS assets with tenant demand. This acquisition supports Zenith’s continued expansion across Florida and the Southeast, leveraging proximity to Orlando International Airport and major highways to strengthen its portfolio.

ACQUISITION: Blacktop Industrial acquired Roslyn Business Park, a 337K SF, 45-acre heavy infrastructure industrial campus in Houston’s Northwest submarket. The deal marks Blacktop’s first strategic investment in mission-critical manufacturing, logistics, and IOS properties positioned to benefit from energy and transportation growth. CEO Ricardo Cardoso emphasized that Roslyn exemplifies their strategy of targeting infrastructure-intensive assets in high-growth Texas markets, with more acquisitions expected soon.

ACQUISITION: Open Industrial acquired a 2.2-acre IOS property at 11100–11102 Air Park Rd in Ashland, VA, featuring 24,000 SF of office/warehouse space with roll-up doors and a paved/graveled yard. The site, zoned heavy industrial (M-3), is fully leased to SiteOne Landscape Supply and Case Polytech. Located near Hanover County Municipal Airport, the property adds a strategic, high-demand industrial asset to Open Industrial’s portfolio.

ACQUISITION: Roebuck has acquired a 7-acre IOS facility in Worsley, Greater Manchester (UK), strategically located near the A580 and M60. The site, with 20% coverage, includes depot, yard, and office space and is fully let on a long-term lease to Network Plus. The acquisition supports Roebuck’s urban logistics strategy targeting key industrial hubs across the UK and Europe.

ACQUISITION: Transport Properties acquired a fully fenced and paved IOS facility in Lebanon, TN, featuring 49,800 SF of warehouse/repair space, 10 drive-in doors, 2 loading docks, and 5.25 usable acres. The site offers expansion potential and is strategically located in one of Nashville’s fastest-growing industrial submarkets.

ACQUISITION: Jadian IOS acquired a 5.5-acre IOS property at 5145 W Madison St in Phoenix, AZ, featuring a 15,800 SF shop with 27’ clear height, two 14’ doors, and a 3,700 SF stand-alone office. The site is fully paved, fenced, and secured, offering strong functionality for industrial users. Its prime location provides easy access to I-10, I-17, and Loop 202, enhancing connectivity across the Phoenix market.

ACQUISITION: Alterra IOS acquired an 11.75-acre industrial site at 7405 28th Street Court E in Sarasota, FL, improved with 34,000 SF of buildings. The property is strategically located just three miles from Sarasota Bradenton International Airport and near I-75 and FL-618. This acquisition expands Alterra’s footprint in Florida with a well-located, functional IOS asset.

ACQUISITION: OHC LTL, LLC acquired an 18.04-acre lot at 3515 Alum Creek Dr. in Columbus, OH for $6.7M ($371K/acre) from ArcBest Property Management on August 29, 2025. The buyer is affiliated with A. Duie Pyle, a family-owned transportation and logistics company expanding in the region. This purchase follows the July 2025 opening of their new 52-dock, 5-acre Columbus facility, underscoring growing demand for distribution and logistics services in the market.

LEASED: A prime IOS site at 1501 Loveridge Road in Pittsburg, CA has been leased, featuring 5,000 SF of office/warehouse space and 1.6 acres of yard. The property offers the flexibility and functionality in high demand among growing companies.

FOR SALE: This 12,500 SF industrial portfolio on ±5 acres in Midland, TX includes two single-tenant buildings leased to Bullet Production Services and Kat Energy Services, offering near-term passive cash flow under net leases. The assets present opportunities for built-in equity, rental upside, and long-term value creation through repositioning. Both tenants are established Permian Basin oilfield service providers with critical roles in energy operations, supporting durable cash flow and strong sector alignment.

Reach out to Larry Nielsen for more information.

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