Steel Peak Acquires First Industrial Outdoor Storage (IOS) Property in Phoenix

Firm looks to continue growth in Phoenix and other Southwest and West Coast markets

PHOENIX, ARIZ. (September 16, 2026) —Steel Peak, a commercial real estate investment firm focused on industrial outdoor storage (IOS) properties, announced today that it has acquired an industrial outdoor storage (IOS) property located at 2142 W. Van Buren Street in Phoenix from an undisclosed seller for $3.3 million. This is Steel Peak’s first IOS property acquisition in the Phoenix, Arizona area and 18th overall IOS acquisition in the Southwest and West since the company was founded in January 2024.

The 2.18-acre property includes a 6,250-square-foot industrial building. Steel Peak plans to make targeted improvements to the building and site and ultimately lease the property to an essential industrial service user. Max Schumacher with Rein and Grossoehme Commercial Real Estate will oversee leasing at the property.

“Phoenix has emerged as one of the largest and most active industrial markets in the country, with approximately 466 million square feet of industrial inventory and continued strong leasing and absorption activity,” said Blake Rodgers, Principal at Steel Peak. “The property is well suited for contractor yards, equipment rental, fleet maintenance and dispatch, building materials, and other essential industrial service users.”

Steel Peak Co‑Founder Pasha Johnson added, “Steel Peak is bullish on Central Phoenix, where limited industrial land, zoning constraints and competing higher-density uses have created a supply-constrained environment for well-located IOS properties. The market continues to benefit from strong population growth and durable demand from construction, infrastructure, equipment rental, fleet, logistics and manufacturing users. Steel Peak plans to remain active in Phoenix and continue pursuing well-located IOS opportunities throughout the market.”

Steel Peak Director of Acquisitions Aaron Gill led the acquisition.

2142 W. Van Buren Street is strategically located along the Van Buren corridor with immediate access to I-17, I-10 and Loop 202, and is near Phoenix Sky Harbor International Airport.

Steel Peak seeks IOS investment opportunities throughout the Southwestern and Western U.S. with capitalized values ranging from $3 million to $50 million. The firm invests directly and in partnership with institutional and high net-worth investors.

For more information, please visit www.steelpeakproperties.com.