CJ Stos
POWAY, CA – Stos Partners, one of the most active commercial real estate investment and management firms in San Diego County, has acquired a 37,530 square-foot corporate headquarters and manufacturing facility in the North San Diego County city of Poway, California.
The property was acquired from a private seller for $8.6 million.
According to CJ Stos, Principal at Stos Partners, the firm acted quickly to secure the asset off market when it fell out of escrow and ultimately closed the acquisition within 40 days.
“The industrial market in San Diego County is moving at a rapid pace due to the overall strength of the asset class and the region’s continued reputation as a life sciences, biotech, and manufacturing hub,” says Stos.
“Based on our strong local broker relationships and track record, we were able to source and secure the opportunity to acquire this well-maintained, freestanding facility from the previous owner-user at an extremely attractive price.”
James Duncan and Mickey Morera at Kidder Matthews represented Stos Partners as the buyer. Financing was provided by C3Bank.
CONTACTS:
Katie Haga / Elisabeth Manville
(949) 438-6262
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