Steel Peak Properties
View firm page →1 buy boxes · steelpeakproperties.com
Asset type
IndustrialStrategy
Vacant Owner Use · Value Add · StabilizedCoverage
8 statesRequirements
Verified Oct 12, 2026- Stated criteria
- Steel Peak intends to acquire $500,000,000+ of Industrial Outdoor Storage properties throughout infill Western US industrial markets.
- Infill Western US industrial markets, near major highways and infrastructure.
- Stabilized sites with a mark-to-market.
- Value Add / Opportunistic, 7–8%+ stabilized yield.
- Vacant sites requiring lease-up.
Where
8 states · 10 citiesStates
In their words
Steel Peak intends to acquire $500,000,000+ of Industrial Outdoor Storage properties throughout infill Western US industrial markets.
Deal Size
- $2–$25M, up to $50M for portfolio deals
- Location
- Infill Western US industrial markets, near major highways and infrastructure
Site Requirements
- 1–10 acre sites with buildings comprising 25% or less land coverage
- Zoning
- Industrial zoning with outdoor storage as a permitted use
Return Profile
- Value Add / Opportunistic, 7–8%+ stabilized yield
Transaction Types
- Vacant sites requiring lease-up, 1–5 year sale leasebacks, stabilized sites with a mark-to-market
Lease Terms
- 3–5 year lease terms. Single-tenant NNN leases