Blake Rodgers and Pasha Johnson partner to launch Steel Peak investment firm focused on industrial outdoor storage (IOS)

Blake Rodgers

SAN DIEGO, CA, Jan. 9, 2024 —Blake Rodgers and Pasha Johnson announced today they have launched Steel Peak, a specialized commercial real estate investment firm, with a focus on the growing niche of industrial outdoor storage (IOS) properties.

IOS properties are within a sub-segment of the Industrial asset class that serve the needs of the transportation, logistics, and construction sectors.

 

 IOS sites are categorized as having less than 20% building coverage and are zoned for industrial uses that allow the outdoor storage of vehicles, products, construction equipment and materials, or containers.

Steel Peak will seek to acquire IOS properties throughout Southern California with capitalized values ranging from $5 million to $50 million. The firm invests directly and in partnership with institutional investors and high net-worth investors.

Pasha Johnson 

“Over the past few years, we’ve seen an increase in demand for IOS properties from national tenants that are competing to identify sites in an extremely supply constrained market,” said Rodgers, Steel Peak Principal and Co-Founder

“Our experience collaborating with major IOS tenants has provided us with in-depth knowledge of their requirements. This positions us to identify properties tailored to their specific needs, often securing opportunities that would typically remain off-market. Our strategies span value-add, re-leasing, sale lease-back, and built-to-suits among others.”

Steel Peak Properties Principal and Co-Founder Pasha Johnson said “Generally, when LP equity partners love an asset class and most lenders still hate it, there is a window of opportunity. We will target a wide range of IOS sites including contractor yards, equipment rental facilities, maintenance facilities, trailer yards, truck terminals, and fleet storage facilities.”

IOS facilities serve as the backbone of the U.S. Supply Chain and are mission critical for the companies that need outdoor storage to operate their businesses. It is estimated that the highly fragmented IOS market is a $200-billion asset class within the United States.

  

 

CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.steelpeakproperties.com