An 85-acre, 22-property industrial outdoor storage portfolio located across the Sun Belt has been sold for $111 million. The properties are primarily situated in markets including Atlanta, Texas, Los Angeles, Norfolk, Virginia, Columbus, Ohio, Nashville, Tennessee, and Jacksonville, Florida. The portfolio was leased to a diversified tenant base, highlighting the importance of industrial outdoor storage as a logistics and supply chain asset class.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $111,000,000
• Buyer: Bob Fordi - Realterm
• Seller: Crawford Arnold - Axis Partners; Sweetwater Holdings
• Broker: Nick Murphy - Eastdil Secured

Axis Partners and Sweetwater Holdings completed a multi-year investment in these assets, ultimately leading to this transaction. The sale underscores a growing institutional demand for industrial outdoor storage facilities, characterized as state-of-the-art and strategically located.