Monday, April 10, 2017

Stos Partners Completes Three Commercial Property Deals in Southern California

Walnut Auto Center,  19116-19130 East Walnut Drive, in Rowland Heights, CA

CJ Stos
SAN DIEGO, CA  – Stos Partners, a privately held commercial real estate investment and management firm, has completed three commercial property transactions in Southern California, including the sale of a multi-tenant industrial asset in Rowland Heights, the acquisition of a single-story office building in Encinitas, and the acquisition of a two-story office building in San Dimas, California.

“The market is moving at a rapid pace and our firm is well-positioned to leverage that momentum with strategic transactions,” says CJ Stos, Principal of Stos Partners. “We completed six transactions in the first quarter of 2017, and we continue to actively pursue opportunities that match our investment thesis.”

Stos Partners’ investment platform centers on recognizing inherent value. The firm is actively acquiring industrial, office, and mixed-use properties in coastal and urban areas of Southern California that are well-located but in need of hands on management to realize full asset value.

Stos Partners’ three recent transactions include:

Sale of Multi-Tenant Industrial Property in Rowland Heights       

            Stos Partners recently sold the Walnut Auto Center, a multi-tenant industrial property in Rowland Heights, California for $6.6 million. Stos had acquired the asset in 2015 in an off-market transaction for $5 million.

Taylor Ing
            The 30,216 square-foot property, which is comprised of eight automotive services tenants, was acquired by a private investor.

            Walnut Auto Center is located at 19116-19130 East Walnut Drive, in Rowland Heights, California.

Acquisition of Two-Story Office Building in San Dimas

            Stos Partners also acquired a vacant 50,643 square-foot office building previously owned by ITT Technical Institute in San Dimas, California. Stos acquired the asset through a trustee sale for $5 million.

            Taylor Ing, Managing Director at Newmark Grubb Knight Frank, represented Stos Partners in this transaction. The property is located at 650 West Cienega Avenue in San Dimas, California.

Acquisition of Downtown Encinitas Office Building

            Stos Partners also acquired a vacant office building in downtown Encinitas from an owner-user for $2 million.

The 3,400 square-foot office building is located at 655 Second St in Encinitas, California.

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

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