Alterra IOS Expands Portfolio with New Acquisition in Orlando

Author

Slice of Real Estate Team
July 04, 2024

Key Highlights:

  • Acquired a 6-acre IOS site in Orlando, Florida.

  • Located at 4777 Old Winter Garden Road, near downtown Orlando.

  • 17,220 square feet of existing buildings on the site.

  • Excellent connectivity to I-4, Route 408, and Route 435.

  • Strong tenant interest and strategic location.

Source (Business Wire)

Notable Quote:

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"The site's excellent connectivity and the immediate interest from tenants underscores the value this property brings to our portfolio. We are thrilled to expand our presence in the Orlando market. This acquisition is a testament to our strategic vision and commitment to providing prime industrial spaces in key locations."

Chris White, Vice President at Alterra IOS

Our Take:

Alterra IOS’s recent acquisition in Orlando marks a significant enhancement to their strategic portfolio. The property's prime location, coupled with robust tenant interest, underscores its potential for rapid lease-up. This move aligns with Alterra’s strategy to secure mission-critical real estate in key industrial hubs, providing valuable storage solutions for sectors often overlooked in the industrial landscape. The addition of this site reinforces Alterra’s strong presence in Orlando, showcasing their commitment to growth and excellence in industrial outdoor storage solutions.