Alterra IOS, a prominent player in the industrial outdoor storage (“IOS”) sector that has acquired more than 450 sites nationwide, has acquired five IOS properties totaling 36.4 usable acres and 128,200 square feet of accompanying warehouse space. Three of the sites are located in Denver, and two are in Colorado Springs, bringing the firm’s total Colorado footprint to 14 properties spanning 134 usable acres. All of the newly acquired properties are fully leased to tenants in the telecommunications, building materials and equipment rentals sectors. A purchase price was not disclosed.
“Denver and Colorado Springs continue to see strong demand for well-located, functional IOS properties,” said Parker Pearson, partner at Alterra IOS. “These markets remain highly supply-constrained, with tenant demand consistently outpacing available inventory. Situated within key IOS corridors, these recent acquisitions reinforce our commitment to each market as we expand alongside our national tenant base.”
The five newly acquired properties are strategically located near Colorado’s vast network of interstate highways, intermodal rail and international airports. Each of the acquisitions is summarized below:
- 2001 W 64th Lane (Denver MSA): 9.8 usable acres with 26,900 square feet of accompanying warehouse space across multiple buildings. Located in North Denver, the property is proximate to an array of highways, including I-25, I-76, US-36, and US-287. The property is fully leased to a building materials company, providing space for equipment storage, servicing and maintenance. Garrett Neustrom and Jules Sherwood of Kenai Capital Advisors brought the transaction to Alterra.
- 7200 Eagle Blvd. (Denver MSA): 9.0 usable acres with 9,800 square feet of accompanying warehouse space across multiple buildings. Located in Longmont, the fully improved, fenced property benefits from immediate connectivity to I-25 via Highway 52, enabling fast north-south freight movement and efficient access to Denver, Longmont, Boulder and Fort Collins. The property is fully leased to an equipment rental services company. Michael Kraus of Malman Commercial Real Estate brought the transaction to Alterra.
- 955 N 5th Avenue (Denver MSA): 4.6 usable acres with 4,890 square feet of accompanying warehouse space. Located in Brighton, the property sits less than 25 miles from both Denver International Airport and downtown Denver, offering convenient access to I-76 and US-85. The property is fully leased to an equipment rental services company. Robert Key of JLL brought the transaction to Alterra.
- 3240 Astrozon Blvd. (Colorado Springs MSA): 6.9 usable acres with 62,618 square feet of accompanying warehouse space. The property sits less than 5 miles from Colorado Springs Airport and offers convenient access to I-25, US-24 and Highway 85. The property is fully leased to a building product distributor. Robert Key of JLL brought the transaction to Alterra.
- 7925 Industry Road (Colorado Springs MSA): 6.1 usable acres with 24,000 square feet of accompanying warehouse space. Fully leased to a global telecommunications company, the property is located near Colorado Springs Airport and downtown Colorado Springs, with proximity to I-25 and US-24. Spencer Mason of Matthews CRE brought the transaction to Alterra.
As a vertically integrated investor, developer and operator of IOS, Alterra’s investment strategy focuses on acquiring prime IOS locations within dense, infill logistics and transportation gateways, ensuring proximity to critical infrastructure and end-users.
