Realterm Expands Florida Footprint: $25M Acquisition of Strategic Pompano Beach Industrial Outdoor Storage

The booming industrial outdoor storage (IOS) sector continues to attract significant investment as logistics real estate powerhouse Realterm secures prime Pompano Beach property featuring United Rentals as anchor tenant.

Strategic Acquisition Strengthens Regional Portfolio

In a significant industrial real estate transaction, Maryland-based logistics investment firm Realterm has acquired a valuable industrial outdoor storage (IOS) property in Pompano Beach for $25 million. The strategic purchase, located at 3120 Northwest 16th Terrace, encompasses 8.4 acres of prime industrial land in Broward County's competitive commercial corridor.

Roberto Susi and Jose Sasson-Lerner of Axiom Capital Advisors brokered the transaction between Realterm and the seller, entities controlled by Scott Daiagi. The property transfer represents a substantial investment in South Florida's thriving industrial real estate market.

The newly acquired asset comprises two complementary parcels: a 3.7-acre lot currently under lease to United Rentals (the nation's largest equipment rental company) and an adjacent 4.8-acre parcel dedicated to truck parking—a particularly valuable asset class in today's logistics-focused economy.

Realterm's Expanding Investment Strategy

This acquisition aligns with Realterm's aggressive growth strategy across key logistics markets nationwide. Under CEO Bob Fordi's leadership, the company has demonstrated a consistent pattern of strategic investments in logistics-focused real estate and infrastructure assets.

The Pompano Beach purchase follows Realterm's previous South Florida investment in 2021, when the firm acquired a 4.4-acre industrial facility near Miami International Airport for $14.7 million. That property's proximity to one of the nation's busiest cargo hubs highlighted Realterm's focus on logistics-advantaged locations.

Most recently, in January 2025, Realterm made headlines with a massive portfolio acquisition spanning seven major markets. The $277 million transaction included 13 properties across 131 acres in logistics hotspots including Dallas-Fort Worth, Orlando, Northern New Jersey, Chicago, and California's Inland Empire.

Industrial Outdoor Storage: A Growing Asset Class

The Pompano Beach acquisition underscores the growing importance of industrial outdoor storage properties within commercial real estate portfolios. IOS sites offer essential support infrastructure for construction, transportation, and logistics industries—providing flexible space for equipment storage, fleet parking, materials staging, and other crucial operational functions.

According to recent market analysis, the IOS sector has experienced remarkable growth over the past three years, with transaction volumes increasing approximately 28% year-over-year since 2022. These properties typically deliver higher yields compared to traditional industrial buildings, with average cap rates approximately 150-200 basis points higher than warehouse investments.

Industry experts attribute this growth to several factors, including:

• E-commerce expansion driving increased demand for last-mile delivery infrastructure

• Supply chain restructuring requiring additional storage and staging areas

• Construction industry growth necessitating equipment rental and material storage locations

• Zoning restrictions limiting new industrial development in urban areas

• Growing scarcity of industrially-zoned land in major metropolitan markets

South Florida's Industrial Real Estate Landscape

Realterm's investment comes amid continued strength in South Florida's industrial real estate market. Despite economic headwinds affecting other commercial sectors, industrial properties—particularly those supporting logistics operations—have maintained strong fundamentals across Miami-Dade, Broward, and Palm Beach counties.

Recent market data shows Broward County industrial vacancy rates hovering near historic lows at approximately 3.8%, with average lease rates increasing 7.2% over the past year. Pompano Beach specifically has emerged as a target for institutional investors due to its central location, transportation access, and limited available developable land.

The Realterm transaction joins several other notable industrial outdoor storage deals in the region over the past 24 months:

• Triarch Capital Group's $7.2 million acquisition of the Hialeah Gardens property at 12601 West Okeechobee Road in 2023

• IG Logistics' combined $12 million investment in two Pompano Beach sites at 1377 Hammondville Road and 1750 Powerline Road in 2022

• Multiple institutional investors targeting similar assets throughout Palm Beach, Broward, and Miami-Dade counties

Market Insights: The Future of Industrial Outdoor Storage

Why are institutional investors increasingly targeting IOS properties?

These assets provide essential infrastructure for industries requiring flexible outdoor storage, equipment staging, and fleet parking. With limited supply and growing demand, particularly in space-constrained markets like South Florida, IOS properties often deliver superior risk-adjusted returns compared to traditional industrial investments.

How does the United Rentals tenancy impact the property's value?

Having United Rentals—North America's largest equipment rental company—as an anchor tenant significantly enhances the stability and value of this acquisition. Their presence provides reliable cash flow while validating the site's strategic location within the regional industrial market.

What makes Pompano Beach attractive for industrial investment?

Pompano Beach offers the perfect combination of strategic location, transportation access, and developable land constraints that drive value in industrial real estate. The city's proximity to major population centers, Port Everglades, Fort Lauderdale-Hollywood International Airport, and key transportation corridors makes it ideal for logistics operations.

Will the industrial outdoor storage sector continue growing?

Industry analysts project continued strong demand for IOS properties nationwide, with particular strength in supply-constrained coastal markets. As e-commerce growth and supply chain restructuring continue to drive logistics demand, properties supporting these operations will likely maintain their premium valuation.

How does this acquisition fit into Realterm's broader investment strategy?

This purchase demonstrates Realterm's commitment to acquiring strategically located logistics infrastructure in major distribution hubs. The diversified nature of this property—featuring both credit tenant income and flexible truck parking—provides multiple value streams while positioning Realterm to capitalize on South Florida's industrial growth.

The transaction reinforces Realterm's position as one of the nation's leading investors in logistics-focused real estate, with particular emphasis on transportation-advantaged properties supporting the evolving supply chain landscape.