Stos Partners completes $7.2 million sale of 25,250-SF industrial complex on Phoenix, AZ acquired in March 2022 for $4.45 million

  

 

CJ Stos

PHOENIX, AZ – Stos Partners, one of the most active commercial real estate investment and management firms, has announced the successful sale of a 28,520 -square-foot industrial complex located on 1.96 acres at 2757 E. Chambers Street in Phoenix, Arizona to The Sacket Family Trust for $7.2 million.

Stos Partners has now sold properties valued at more than $55 million in 2022.

Jason Richards

Stos Partners acquired the property in March 2022 for $4.45 million.  Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle and Vice President of Asset Management Travis Gorzeman, the company implemented a capital improvement program, stabilizing and re-tenanting the asset.

“The Phoenix industrial market has seen great demand for industrial space especially with smaller requirements of under 100,000 square feet,” says CJ Stos, Principal at Stos Partners.

Jay Boyle

“Our team identified this asset’s value during the initial acquisition in 2022. Through deep relationships with local brokers, we were able to secure a buyer in a timely manner.”

“This market saw continued demand for shallow-bay and mid-bay space in the third quarter according to JLL’s Q3 Phoenix Industrial Report,” said Richards.  “During the period, the market saw 40 new leases collectively amounting to more than 2.3 million square feet.”

The property is ideally located near the I-10 Freeway and Sky Harbor Airport, providing accessibility for transport and logistics. 

Travis Gorzeman

Competitive building features include 22-foot clear height, secured yard, abundant power, wrap-around access and signage.

Stos Partners was represented by David Wilson and Carter Wilson of Daum Commercial.   Alexey Zabolotskikh of Lee & Associates represented the buyer in the transaction.

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.

David Wilson

With a track record spanning nearly $1.7 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..

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

www.stospartners.com

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Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

Florida Trend Names John Crossman one of Florida’s 500 Most Influential Business Leaders

 John Crossman

 

 WINTER PARK, FL ---  John Crossman, Founder and CEO of Winter Park-based CrossMarc Services and Crossman Career Builders was named one of  Florida’s 500 Most Influential Business Leaders for 2023 by Florida Trend magazine for the 4^th time.

The  real estate entrepreneur, career coach, speaker, podcast host and author of Career Killers / Career Builders – based on his most popular speech to college students – has been known for over two decades as a servant leader by championing educational and career opportunities in real estate for diverse students. 

Crossman provides endowed scholarships for Real Estate education at five state universities including HBCUs.  

“I’m a true capitalist who likes to make money, but I want the same opportunities for the marginalized population where there is talent and desire to succeed. They just need help to develop careers and a real estate education is the best path to achieving generational wealth,” Crossman says.

CONTACTS:

John Crossman, CCIM, CEO,

 Crossman Career Builders,

407-794 9393

 jcrossman@crossmarcservices.com or

 jcrossman@crossmancb.com 

 

Beth Payan, Larry Vershel Communications Inc.

407 461-3781 

beth@larryvershel.com