--- title: 11-Unit Industrial Outdoor Storage Portfolio Sale Leaseback description: Ascension Advisory structured a $74.25 million sale leaseback transaction for a private equity-backed leader in the liquid bulk transportation space. image: https://ascensionadvisory.com/hubfs/outdoor%20Storage%20(1).png --- [![Ascension](https://ascensionadvisory.com/hubfs/raw_assets/public/ascension/images/logo-wordmark-white-green.png)](https://ascensionadvisory.com/?hsLang=en) Menu - Sale Leasebacks Show Sale Leasebacks submenu - [Sale Leaseback Overview](https://ascensionadvisory.com/sale-leaseback-overview?hsLang=en) - [SLB For Business Owners](https://ascensionadvisory.com/services-business-owners?hsLang=en) - [SLB For Financial Sponsors](https://ascensionadvisory.com/services-private-equity-firms?hsLang=en) - [SLB For Referral Partners](https://ascensionadvisory.com/services-referral-partners?hsLang=en) - [Build to Suit Financing](https://ascensionadvisory.com/build-to-suit-financing?hsLang=en) - [Lease Advisory](https://ascensionadvisory.com/lease-avisory?hsLang=en) - [Notable Transactions](https://ascensionadvisory.com/sale-leaseback-transactions?hsLang=en) - Mergers & Acquisitions Show Mergers & Acquisitions submenu - [Sell Your Business](https://ascensionadvisory.com/sell-your-business?hsLang=en) - [The Seller's Checklist](https://ascensionadvisory.com/the-sellers-checklist?hsLang=en) - [2026 M&A Report](https://ascensionadvisory.com/business-owner-ma-report?hsLang=en) - [The Exit Playbook Course](https://ascensionadvisory.com/the-exit-playbook-course?hsLang=en) - Insights Show Insights submenu - [Ascension Blog](https://ascensionadvisory.com/ascension-advisory-blog) - [Press & Publications](https://ascensionadvisory.com/press-and-publications?hsLang=en) - [2026 Ascension Magazine](https://ascensionadvisory.com/hubfs/Ascension%20Magazine%202026%20(standalone)%20(4).html?hsLang=en) - [SLB and M&A Courses](https://ascensionadvisory.com/ascension-learning?hsLang=en) - [2026 M&A Report](https://ascensionadvisory.com/business-owner-ma-report?hsLang=en) - [Private Equity SLB Report](https://ascensionadvisory.com/private-equity-sale-leaseback-report?hsLang=en) - [Team](https://ascensionadvisory.com/team?hsLang=en) [Contact](https://ascensionadvisory.com/contact-us?hsLang=en) [Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/tag/private-equity), [Case Study](https://ascensionadvisory.com/ascension-advisory-blog/tag/case-study), [Industrial](https://ascensionadvisory.com/ascension-advisory-blog/tag/industrial), [M&A](https://ascensionadvisory.com/ascension-advisory-blog/tag/ma), [Outdoor Storage](https://ascensionadvisory.com/ascension-advisory-blog/tag/outdoor-storage) # 11-Unit Industrial Outdoor Storage Portfolio Sale Leaseback [By \- Chelsea Mandel,](https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel) Nov 16, 2022 ![Row of red and white semi-trucks parked in a lot under a clear sky, showcasing a fleet of commercial vehicles lined up in an orderly manner.](https://ascensionadvisory.com/hubfs/outdoor%20Storage%20(1).png) **Background:**The Ascension Team represents a private equity backed leader in the liquid bulk transportation space. The portfolio consists of 11 locations across six states. The subject properties are a combination of industrial, outdoor storage, truck terminal, and tank wash sites, mostly with large site acreage and low building coverage ratios. The Company’s private equity investor engaged Ascension to structure and advise on the sale leaseback transaction. The private equity firm was looking to monetize the company’s owned real estate portfolio in order to generate sufficient proceeds to finance the sponsor’s acquisition of an add-on to the broader logistics platform. **Client Objective:** The client was looking for a trusted advisor to guide them through the process to ensure an efficient and seamless process from start to finish. Additionally, Ascension was instrumental in putting in place a structure and lease for the sale leaseback that brought maximum operational flexibility for the company and the private equity owner. The company selected Ascension as its advisor given Ascension’s experience in the industrial outdoor storage asset class, and Ascension’s relationship with the sponsor. The company also trusted that Ascension would be able to achieve the most favorable and flexible lease terms for the company. **Solution:** Ascension provided their knowledge and support along the process, which resulted in a successful closing at a purchase price of $74.25 million, along with flexible lease terms for both the operating company and the financial sponsor. The transaction closed with a private investment firm out of Pennsylvania who has a specific investment mandate in the industrial outdoor storage asset class. ### Let’s Talk ###### Category - [Journal Article](https://ascensionadvisory.com/ascension-advisory-blog/tag/journal-article) - [Case Study](https://ascensionadvisory.com/ascension-advisory-blog/tag/case-study) - [M&A](https://ascensionadvisory.com/ascension-advisory-blog/tag/ma) - [Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/tag/private-equity) - [Industrial](https://ascensionadvisory.com/ascension-advisory-blog/tag/industrial) - [Manufacturing](https://ascensionadvisory.com/ascension-advisory-blog/tag/manufacturing) - [Automotive](https://ascensionadvisory.com/ascension-advisory-blog/tag/automotive) - [Press Release](https://ascensionadvisory.com/ascension-advisory-blog/tag/press-release) - [Europe](https://ascensionadvisory.com/ascension-advisory-blog/tag/europe) - [Food Distribution](https://ascensionadvisory.com/ascension-advisory-blog/tag/food-distribution) - [Notable Transactions](https://ascensionadvisory.com/ascension-advisory-blog/tag/notable-transactions) - [Retail](https://ascensionadvisory.com/ascension-advisory-blog/tag/retail) - [Car Wash](https://ascensionadvisory.com/ascension-advisory-blog/tag/car-wash) - [Healthcare](https://ascensionadvisory.com/ascension-advisory-blog/tag/healthcare) - [Outdoor Storage](https://ascensionadvisory.com/ascension-advisory-blog/tag/outdoor-storage) - [Cold Storage](https://ascensionadvisory.com/ascension-advisory-blog/tag/cold-storage) - [Quick Service Restaurant](https://ascensionadvisory.com/ascension-advisory-blog/tag/quick-service-restaurant) - [Tax Benefits](https://ascensionadvisory.com/ascension-advisory-blog/tag/tax-benefits) - [Build to Suit](https://ascensionadvisory.com/ascension-advisory-blog/tag/build-to-suit) - [Capital Markets](https://ascensionadvisory.com/ascension-advisory-blog/tag/capital-markets) - [Pharmaceutical](https://ascensionadvisory.com/ascension-advisory-blog/tag/pharmaceutical) - [pharm](https://ascensionadvisory.com/ascension-advisory-blog/tag/pharm) ###### Popular Post - [The Difference Between Tuck-ins, Add-ons, and Platforms in M&A](https://ascensionadvisory.com/ascension-advisory-blog/the-difference-between-tuck-ins-add-ons-and-platforms-in-ma?hsLang=en) - [Why Airlines Use Sale Leasebacks to Unlock Capital and Stay Airborne](https://ascensionadvisory.com/ascension-advisory-blog/why-airlines-use-sale-leasebacks-to-unlock-capital-and-stay-airborne?hsLang=en) - [The Difference Between Platforms and PortCo's in Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/the-difference-between-platforms-and-portcos-in-private-equity?hsLang=en) - [How to Structure a Leveraged Buyout for Maximum Value](https://ascensionadvisory.com/ascension-advisory-blog/how-to-structure-a-leveraged-buyout-for-maximum-value?hsLang=en) - [Case Study: Valeo Foods €88 Million European Sale Leaseback](https://ascensionadvisory.com/ascension-advisory-blog/case-study-valeo-foods-88-million-european-sale-leaseback?hsLang=en) ###### Subscribe ### Leave a Comment ### Similar Blogs ![Exterior of a Pizza Hut restaurant with the recognizable red and black branding, featuring large windows and a modern design. Snow is visible on the ground, suggesting a cold or winter season setting.](https://ascensionadvisory.com/hs-fs/hubfs/Pizza%20Hut.png?width=352&name=Pizza%20Hut.png) #### [Retail Sale Leaseback – Pizza Hut in Castle Rock, CO](https://ascensionadvisory.com/ascension-advisory-blog/retail-sale-leaseback-pizza-hut-in-castle-rock-co?hsLang=en) By [Doug Carey](https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey) 27 October 2023 **Background:** [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/11-unit-industrial-outdoor-storage-portfolio-sale-leaseback) ![Sack Company Monetizes Industrial Facility Through a Sale Leaseback](https://ascensionadvisory.com/hs-fs/hubfs/SACK%20Company.jpg?width=352&name=SACK%20Company.jpg) #### [Sack Company Monetizes Industrial Facility Through a Sale Leaseback](https://ascensionadvisory.com/ascension-advisory-blog/sack-company-monetizes-industrial-facility-through-a-sale-leaseback?hsLang=en) By [Nina Valtchanov](https://ascensionadvisory.com/ascension-advisory-blog/author/nina-valtchanov) 13 March 2026 Ascension Advisory advised The Sack Company on the structuring and execution of a sale leaseback of... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/11-unit-industrial-outdoor-storage-portfolio-sale-leaseback) ![What Drives a Successful Sale Leaseback?](https://ascensionadvisory.com/hs-fs/hubfs/What%20makes%20a%20good%20SLB.jpg?width=352&name=What%20makes%20a%20good%20SLB.jpg) #### [What Drives a Successful Sale Leaseback?](https://ascensionadvisory.com/ascension-advisory-blog/what-drives-a-successful-sale-leaseback?hsLang=en) By [Doug Carey](https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey) 25 June 2026 As sale leasebacks continue to gain popularity among corporates and private equity sponsors, many... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/11-unit-industrial-outdoor-storage-portfolio-sale-leaseback) [![Ascension](https://ascensionadvisory.com/hubfs/raw_assets/public/ascension/images/logo-wordmark-white-green.png)](https://ascensionadvisory.com/?hsLang=en) Sale leaseback and M&A advisory for private companies, financial sponsors and family offices. ## Services - [Sale Leaseback Advisory](https://ascensionadvisory.com/sale-leaseback-overview?hsLang=en) - [M&A Solutions](https://ascensionadvisory.com/sell-your-business?hsLang=en) - [Transactions](https://ascensionadvisory.com/sale-leaseback-transactions?hsLang=en) ## Firm - [Team](https://ascensionadvisory.com/team?hsLang=en) - [Insights](https://ascensionadvisory.com/ascension-advisory-blog) - [Contact](https://ascensionadvisory.com/contact-us?hsLang=en) - [LinkedIn](https://www.linkedin.com/company/ascensionadvisory/posts/?viewAsMember=true) ## Offices - New York - London - Toronto - Madrid - Miami - Mexico City - [LinkedIn](https://www.linkedin.com/company/ascension-advisory) © 2026 Ascension Advisory™ - [Privacy Policy](https://ascensionadvisory.com/privacy-policy?hsLang=en) - [Terms & Conditions](https://ascensionadvisory.com/terms-conditions?hsLang=en) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Chelsea Mandel", "url" : "https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel" }, "dateModified" : "2024-11-18T16:34:36.099Z", "datePublished" : "2022-11-16T18:41:00.000Z", "headline" : "11-Unit Industrial Outdoor Storage Portfolio Sale Leaseback", "image" : [ "https://ascensionadvisory.com/hubfs/outdoor%20Storage%20(1).png" ], "mainEntityOfPage" : { "@id" : "https://ascensionadvisory.com/ascension-advisory-blog/11-unit-industrial-outdoor-storage-portfolio-sale-leaseback", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://ascensionadvisory.com/hubfs/Logos/ascencion_black+green.jpg" }, "name" : "Ascension Advisory RE LLC" } } ```