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| 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.
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| 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.
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| 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
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