Done Deals: Stos Partners sells single-tenant, 79,883-SF industrial complex in Laredo, TX for $9.15 million after buying it in March 2022 for $5.15 million

Thursday, June 22, 2023

Stos Partners sells single-tenant, 79,883-SF industrial complex in Laredo, TX for $9.15 million after buying it in March 2022 for $5.15 million

CJ Stos

LAREDO, TX, June 22, 2023 – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the successful sale of a two building, 79,883 square-foot industrial facility located at 13806 N. Unitec Drive in Laredo, Texas to a private buyer for $9.15 million.

Stos Partners acquired the property in March 2022 for $5.15 million.

Elizabeth Bachhuber

Led by Principal and Founder CJ Stos, Partner Jason Richards and Executive Vice President Jay Boyle, the company implemented its value-add strategy and capital improvement program which included a new roof, parking lot, exterior painting, dock upgrades and interior renovations.

Stos Partners was represented by Anthony DeLorenzo, Bryan Johnson, Nick Williams and Elizabeth Bachhuber of CBRE.

Monica Rubio

Monica Rubio of Century 21 Olympian Commercial represented the private buyer in the transaction.

Stos Partners also re-tenanted the complex to a single user, Cargoquin Incorporated, a leading industrial logistics provider.

Jason Richards

“The Laredo market has seen great demand for prime industrial assets because of its strong fundamentals and proximity to the United States-Mexico border,” says Stos.

“Our team identified this asset’s value during the initial acquisition last year. Through deep relationships with local brokers, we were able to secure a buyer for the property in approximately a year.”

“Laredo has one of the tightest industrial markets in the country with a vacancy of approximately 1.8 percent in 2022 and minimal new construction,” notes Richards.

Jay Boyle

“The Laredo port is one of the busiest in the United States, with trade volume reaching $250 billion in 2021 and $145.1 billion through the first six months of 2022.”

“This sale speaks to our firm’s ability to identify properties that require minimal upgrades and maintenance, which can offer future owners a prime addition to their portfolio with the potential for steady cash flow,” says Richards.

“With stabilized occupancy for the next nine years, the owner stands to benefit greatly from this acquisition in a market that has become highly competitive.”

Anthony DeLorenzo

Built in 2001 and renovated earlier this year, the property features 21 loading bays, 22-foot clear height ceiling and ample parking lot with 53 surface parking spaces.

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.

Bryan Johnson

With a track record spanning nearly $1.64 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets of both institutional and small-to-mid-cap commercial properties.

Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably.