Thursday, February 14, 2013

SR Commercial Acquires Its 10th Property in San Diego, CA Market


  
2611 Business Park Drive, Vista, CA
 SAN DIEGO, CA (Feb. 14, 2013) – SR Commercial, a privately held, full-service commercial real estate investment company, has completed its tenth acquisition in the San Diego market. 

The firm recently acquired a 125,000 square-foot, Class A industrial warehouse for a total consideration of $10 million in Vista, Calif.; and a 32,842 square-foot industrial building in Oceanside, Calif. for a total consideration of $2.9 million, according to CJ Stos, a Principal of SR Commercial. 

CJ Stos
“Right now is the ideal time to invest in the San Diego industrial market,” says Stos, who founded SR Commercial with Adam Robinson.  “Pricing is still competitive while debt remains low and the tenant market is getting stronger, which is an attractive combination. 

"Demand for investment-grade product in the market continues to climb, which will ultimately drive values higher, delivering strong ROI for those who invest now.”

The firm acquired eight industrial properties in 2012, and plans to double its investment amount in 2013, according to Stos.

Adam Robinson
“Our goal is to have over a million square feet of owned quality industrial product by the end of the year,” he says.

In keeping with this strategy, SR Commercial recently acquired two industrial assets in the San Diego market, including:

SR Commercial acquired a 125,000 square-foot, Class A industrial property located at 2611 Business Park Drive in Vista, Calif. for a total consideration of $10 million.

SR Commercial also acquired a 32,842 square foot multi-tenant, industrial flex building in Oceanside, Calif. for a total consideration of $2.9 million. The property is located at 1935 Avenida Del Oro in Oceanside, Calif. 

For a complete copy of the company’s news release, please contact:

Jenn Quader / Judith Brower
Brower, Miller & Cole
(949) 955-7940


No comments: