Friday, July 2, 2021

Stos Partners Trades 113,500-SF San Marcos, CA Cold Storage Industrial Facility

113,500 square-foot cold storage industrial facility,
505 South Pacific Street, San Marcos, CA

 

San Marcos, CA – Stos Partners, a privately held commercial real estate investment firm, has announced the sale of a 113,500 square-foot cold storage industrial facility in the San Diego, California submarket of San Marcos.

 CJ Stos

 Stos Partners initially acquired the vacant asset for $18.9 million in April of 2020. After implementing a strategic value-add program and securing a triple-net lease to Stone Brewing, the largest brewery in Southern California, the firm sold the property for $42.2 million to an institutional buyer, notes CJ Stos, Principal at Stos Partners.

 

Jay Boyle

“We immediately recognized the potential in this asset based on its prime location with easy access to North and South San Diego, as well as the Inland Empire,” says Stos.

 Jason Richards
 

“Demand for cold storage facilities has grown exponentially during the COVID-19 pandemic. In fact, the value of the cold storage sector is on track to grow by $102.2 billion in the next five years, according to a recent Transwestern report.”

 

Darla Longo

The Stos team was able to build on these strong fundamentals as well as the strength of the local San Diego industrial market to create property-level value, ultimately leasing the property Stone Brewing, who plans to use the building as its headquarter location, according to Jay Boyle, Executive Vice President at Stos Partners.

 “The San Diego industrial market is outperforming many others in the nation, posting its highest net absorption since 2018 in Q1 of 2021,” says Boyle.

 

Barbara Perrier

“As a seasoned investor in this community, our firm understands the nuances of the local market and maintains strong relationships with exceptional brokers and partners, allowing us to move quickly and nimbly in response to market drivers.

 "At an uncertain time when many investors brought their activity to a halt, we had the experience, confidence, and foresight to proceed with this acquisition and lucrative business plan.”

Louay Alsadek 

During its ownership, Stos implemented a series of upgrades at the property including a new roof, new paint, mechanical enhancements, fresh landscaping, and other general building improvements.

“The vision for this project was to transform an under-used cold storage facility in an in-demand location into a performing investment, and we’ve accomplished exactly that,” Jason Richards, partner with Stos Partners, explains.

The property is located at 505 South Pacific Street in San Marcos, California.

 

Hunter Rowe

Darla Longo, Barbara Perrier, Louay Alsadek and Hunter Rowe with CBRE, and Bob Willingham with Kidder Matthews represented Stos Partners as the seller in this transaction.

 About Stos Partners

Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors.

 

Bob Willingham

With a track record spanning over one billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through opportunistic acquisitions, strategic redevelopment, and ground-up development of both institutional and small-to-mid-cap commercial properties.

 

CONTACTS:

Katie Haga / Elisabeth Manville

Brower Group

(949) 438-6262

khaga@brower-group.com  

www.stospartners.com


Hold-Thyssen Completes Long-Term Lease of 18,200 SF: Former DMV‒Fireworks Outlet and Showroom Now Open in Orlando, FL after Million Dollar Build-Out

       Phantom Fireworks’ Showroom
                     2110 West Colonial Drive, Orlando, FL 
  

ORLANDO, FL --- Hold Thyssen, Inc., a full-service commercial property firm based in Winter Park, has completed an 11-year lease agreement for the 18,200 square foot former Orlando DMV Tag Office.   

Consummation of the deal followed an extended due diligence period, protracted permit approvals, followed by $1 million+ build-out, all of which was completed in time for the retail comeback and 4th of July.

Martin Forster 

 Martin Forster CCIMsenior director of Hold-Thyssen, negotiated the transaction representing the building’s landlord, Daikim of Western Way Center , LLC.   

The tenant was seeking premises to meet their need of a high-profile, central location in the Orlando market,” Forster said.

“The terms of the lease were agreed to in 2019, but a long due diligence and a slow permitting process, thanks to the 2020 shutdown, pushed the actual closing to December of last year,” he said, adding, “That’s when transformation of the large vacant office building into a retail outlet and storage area got into high gear.”  

Greg Kainz

 Phantom Fireworks’ Showroom finally opened on June 18, at 2110 W. Colonial Drive . 

 Greg Kainz of Winter Park-based Commercial Equity Partners represented the tenant, Phantom Fireworks Showrooms, LLC.

 Hold-Thyssen provides commercial property brokerage, leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current management portfolio includes more that 100 commercial properties throughout the United States .

 

CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services,

407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc.

 407-691-0505, bhold@HoldThyssen.com

Beth Payan, Larry Vershel Communications Inc.

407-644-4142 beth@larryvershel.com  

 

Federal Reserve Still Battling toTame Inflation

 

John Oharenko

Chicago, IL - The Real Estate Capital Institute® notes the continued labor and materials shortages threaten the Fed's ability to tame inflation. 

 The Fed's target of two percent annual growth now exceeds three percent.  However, the Fed states that inflation pressures rank as a temporary concern. 

"Generally speaking, inflationary fears traditionally move more capital into hard assets, with real properties emerging as one of the top categories," states John Oharenko, Director of The Real Estate Capital Institute's®.


Mortgage rates barely changed.  Since late May, overall benchmark rates fluctuated about twenty basis points and dropping about fifteen basis points by the end of the month.  The five and ten-year treasuries steadily maintain a sixty-basis-point spread.

Even as rates stay consistent, demand continues unabated for realty assets.  The realty capital markets gain from inflation fears as the property investment sector is seen as one of the best inflation hedges.  


Pricing remains exceptionally tight, fueled by solid demand, a limited supply, and low mortgage rates. 

 Nearly all asset categories with reliable cash flows enjoy favorable pricing, especially as the pandemic recovery brings more need for goods and services (travel-oriented projects.)

Many examples reflect rising values during the past years. Home prices nationally increased about twenty percent over the past year.  


Multifamily and industrial assets rose at about half 
this rate – impressive by any current investment standards.  

The lodging sector also shares pricing appreciation, although the growth rates are erratic, depending upon tourism vs. business travel.  

The laggards, offices, and overbuilt retail properties, reflect unpredictable volatility.  Yet, many see these sectors as selective opportunity plays, driven by specific circumstances.


 The Real Estate Capital Institute® is a volunteer-based research organization that tracks realty rates data for debt and equity yields.  The Institute posts daily and historical benchmark rates, including treasuries, bank prime, and LIBOR.  

 

CONTACT:

 The   Real Estate Capital Institute®

John Oharenko 

Executive Director

director@reci.com / www.reci.com

john.oharenko@reci.com

KAI Build Expands with New Hires Cameron Welch, Adam Link and David Bradley

Brian Arnold
St. Louis, MO -- KAI is pleased to announce the expansion of its Build Group with the addition of Project Managers Cameron Welch, Adam Link and David Bradley at its St. Louis headquarters.

 “We welcome the newest professionals to our Build team, Cameron, Adam and David," said Brian Arnold, President of KAI Build.

 

"As Project Managers, each is responsible for ensuring projects are executed according to plan, meeting customer needs and expectations. 


"We are confident in each of their abilities, with their extensive construction and project management experience, that they will be tremendous assets to our team.” 


Cameron Welch

Cameron Welch, Project Manager


Welch has nearly a decade of construction industry experience, including several years as an architect. His experience working within critical environment markets, highly complex chemical manufacturing, and pharmaceutical laboratory facilities has given him a unique insight into complicated mechanical and electrical systems. He believes that the owner always comes first and should be included in the construction process at all times.

 

He has a Bachelor of Science in Architectural Studies from the University of Missouri in Columbia, Missouri and is a member of the AGCMO Young Executives Club.  

 

Welch lives in Webster Groves, Missouri with his wife, Lauren. Outside of work, he enjoys house projects, golfing and duck hunting.


Adam Link
Adam Link, Project Manager

Link has worked his way up the ranks in the construction industry through the trades to Project Manager and has performed every job in between.

He is a Licensed Journeyman Carpenter with over 14 years of construction industry experience. 


He has an associate degree in Applied Science Construction Management from Saint Louis Community College and a Bachelor of Arts in Management from Webster University in Webster Groves, Missouri. He has an OSHA 10-hour Hazard Awareness Certification, OSHA 10-hour Occupational Safety and Health Certification, and a Procore Certification.


David Bradley


David Bradley, Project Manager


Bradley has nearly 20 years of construction industry experience in St. Louis, Nebraska and North Carolina. His areas of expertise include education, hospitality, multi-family, retail and residential.

 

The majority of his career has been in project management and field operations management where he has honed his skills at communicating with experts and presenting plan strategies to establish expectations, provide best options and engage others to drive accuracy, improve quality and ensure milestones are accomplished.

 

Prior to KAI, Bradley worked as a Project Manager for Pinnacle Contracting and Don C. Musick Construction Co., both in St. Louis.

 

He has Associates Degrees in Civil Engineering Technology and Construction Technology from Saint Louis Community College.

 


                                            

           

 Contact:


Jennifer Beidle

314-607-9459

jennifer@jbeidlepr.com


 www.kai-db.com