Stos Partners Pays $8.4 Million for 35,000-SF Industrial Property in Signal Hill, CA

SOLD: 35,000-SF industrial property
at 2301 Redondo Avenue, Signal Hill, CA

SIGNAL HILL, CA – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has acquired a 35,000 square-foot, two-tenant industrial property in the Los Angeles County submarket of Signal Hill, California.

CJ Stos

 The property, which was acquired for $8.4 million, is located at 2301 Redondo Avenue in Signal Hill, California.

 Chris Smith of Lee & Associates represented Stos Partners as the buyer in the transaction.

 The firm’s first purchase of 2022 comes on the heels of a record year in which Stos Partners transacted on more than $330 million in commercial properties throughout Southern California, Arizona, and the Midwest.

 The acquisition of this property marks the firm’s entry into a key submarket, as Signal Hill is an enclave that is completely surrounded by the city of Long Beach, according to CJ Stos, Principal at Stos Partners.

 

Tanner Jansen

“We have been monitoring opportunities in this area for several years and were ultimately able to secure this fully leased asset off market through strong relationships,” says Stos.

 “The Long Beach area presents a prime, last-mile location. The property is situated near several population hubs, one mile from the Long Beach airport, and just four miles from the Port of Long Beach, the second-largest port in the U.S. and a leader in environmental stewardship and sustainability.”

 Tanner Jansen, Vice President of Acquisitions at Stos Partners, adds that the firm plans to make substantial cosmetic upgrades to the property, including a new roof, parking lot resurfacing, fresh paint, updated landscaping, and a major revamp of the entryway area.

 “We recognized this acquisition as an exceptional opportunity to capitalize on high demand and organic growth in a submarket seeing sub-1% industrial vacancy rates, as well as create further value through implementing our proven capital renovation plan and eventually re-tenanting the property,” Jansen explains.

 

Contacts: 

Tess Hezlep / Katie Haga
The Smart Agency, Inc.
(949) 438-6262
thezlep@thesmartagency.com  

 

www.stospartners.com.