The company has acquired the 1,128,000-square-foot property and an adjacent 14.42 acre land parcel.

"Our people have stepped up to help clients navigate COVID-19's challenges and also answered the call within their communities," Bob Sulentic, CBRE's president and chief executive officer, said in prepared remarks.

After the market's plunge in March, the mortgage REIT issued a going concern warning that it may not have enough liquidity to meet its obligations and keep its operations afloat.

Companies may shift from a lean-inventory strategy and position more safety stock around the country, a move that calls for additional storage space and not necessarily just in the short term.