SEATTLE, WASH., August 26, 2025 —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 1503 Thornton Ave SW in Pacific, Washington for $6.2 million. This is Steel Peak’s second acquisition in Seattle this year. The company which was founded in January 2024 has now acquired nine properties in Washington, California and Utah.

“This marks Steel Peak’s second acquisition in the Seattle market, where we’re building a meaningful presence,” said Pasha Johnson, Steel Peak Co-Founder. “With additional properties in our pipeline, we’re committed to establishing a long-term foothold in the Kent Valley and surrounding submarkets. Sites like 1503 Thornton

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