Steel Peak Acquires Fourth IOS Property in Seattle Area in Past 12 Months; Company Has Acquired 15 Properties in Western U.S. Since 2024
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2 Articles
Steel Peak Pays $9MM for 23,500 SQFT Kent IOS Property in Fourth Seattle-Area Deal This Year
A two-year-old investment platform is quietly building density in one of the tightest corners of the Puget Sound industrial market, betting that scarce, fully improved outdoor-storage sites will hold their value even as the broader region’s warehouse vacancy keeps climbing. Steel Peak, a Southern California-based commercial real estate investment firm focused on industrial outdoor storage (IOS), has acquired a property at 1031 4th Ave. N in Kent…
Steel Peak Acquires Fourth IOS Property in Seattle Area in Past 12 Months; Company Has Acquired 15 Properties in Western U.S. Since 2024
Steel Peak, a commercial real estate investment firm focused on industrial outdoor storage (IOS) properties, announced today that it has acquired an industrial outdoor storage (IOS) property located at 1031 4th Avenue North in Kent, Washington for $9 million. This is Steel Peak’s fourth IOS property acquisition in the Seattle area in the past 12 months and 15th overall acquisition since the company was founded in January 2024. “This acquisition …
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