Realterm Acquires Three-Property IOS Portfolio in Kent

CONNECTCRE:  Realterm has acquired a prime three-property industrial outdoor storage (IOS) portfolio located in the highly desired infill Seattle submarket of Kent, Washington.

The three adjacent properties, 7915 South 261st Street and 26220 & 26330 79th Avenue South encompass 38,900 square feet on 9.3 contiguous acres, with secured parking, storage and maintenance facilities.

The properties are fully leased to two long-term tenants that have operated out of the properties for over a decade. “This strategic acquisition in Kent Valley aligns perfectly with our investment thesis targeting high-barrier-to-entry markets and properties with transportation-centric fundamentals,” said Stephen Panos, Managing Director, Senior Fund Manager at Realterm.

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