IOS Sale in Texas

 

Garland, TX —  Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announced the sale of 2660 Market Street, an institutional-grade industrial outdoor storage (IOS) property in Garland, TX. Matthews™ Senior Vice President and Senior Director Alexander Harrold represented the buyer in the transaction.

 

The rare asset features an 87,780-square-foot concrete tilt up building built in 1991 on a fully concrete paved 7.47-acre lot. Boasting 27% building/lot coverage with eight (8) dock-high doors and four (4) grade-level doors, 2660 Market Street is the quintessential IOS investment opportunity.

 

The buyer, Alterra IOS, swiftly secured the property after raising a $925,000,000 fund earlier this year with the goal of building the fund with IOS assets just like 2660 Market Street.

 

“This off-market deal was sourced through our dynamic ability to track industrial assets, providing our client with an opportunity to acquire before it was ever marketed,” Harrold said.

 

For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.