CJ Stos |
SALT LAKE CITY, UT – Stos Partners, one of the most active commercial real estate investment and management firms, has announced that it has entered the Salt Lake City industrial market, acquiring a three building 279,233-square-foot industrial complex located on 14.53 acres at 900 W 2900/2950/3100 S in Salt Lake City, Utah for $34.99 million ($118 per square foot) in an off market transaction.
Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle and Vice President of Acquisitions Morgan Hill, the company will immediately implement a capital improvement program, stabilizing and re-tenanting the asset.
Jason Richards |
“With the growth of ecommerce, logistics, and manufacturing, Salt Lake City continues to strengthen as a key market for industrial users,” says CJ Stos, Principal at Stos Partners.
“Despite this property not being on the market, our team identified this asset and immediately began working to acquire it. In addition to the prime location and functionality of the park, we were attracted to the opportunity due to the wide range of suite sizes and tenant diversification.
Jay Boyle |
Morgan Hill |
Competitive building features include 22-foot clear height, 49 dock high doors and 18 drive-in ground level doors.
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.
Alex Harrold |
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. More information is available at www.stospartners.com.
Contact:
David Ebeling
Ebeling Communications
(949) 861-8351
No comments:
Post a Comment