 |
| CJ Stos |
LAREDO, TX, June 22, 2023 – Stos Partners,
one of the most active commercial real estate investment and management firms
in Southern California, has announced the successful sale of a two building,
79,883 square-foot industrial facility located at 13806 N. Unitec Drive in
Laredo, Texas to a private buyer for $9.15 million.
Stos Partners acquired the property in
March 2022 for $5.15 million.
 |
| Elizabeth Bachhuber |
Led by Principal and Founder CJ Stos,
Partner Jason Richards and Executive Vice President Jay Boyle,
the company implemented its value-add strategy and capital improvement program
which included a new roof, parking lot, exterior painting, dock upgrades and
interior renovations.
Stos Partners was represented by Anthony
DeLorenzo, Bryan Johnson, Nick Williams and Elizabeth Bachhuber of CBRE.
 |
| Monica Rubio |
Monica
Rubio of Century 21 Olympian Commercial represented the private buyer in
the transaction.
Stos Partners also re-tenanted the complex to a single user,
Cargoquin Incorporated, a leading industrial logistics provider.
 |
| Jason Richards |
“The Laredo market has seen great demand
for prime industrial assets because of its strong fundamentals and proximity to
the United States-Mexico border,” says Stos.
“Our team identified this asset’s value
during the initial acquisition last year. Through deep relationships with local
brokers, we were able to secure a buyer for the property in approximately a
year.”
“Laredo has one of the tightest industrial
markets in the country with a vacancy of approximately 1.8 percent in 2022 and
minimal new construction,” notes Richards.
 |
| Jay Boyle |
“The Laredo port is one of the busiest in the United States, with
trade volume reaching $250 billion in 2021 and $145.1 billion through the first
six months of 2022.”
“This sale speaks to our firm’s ability to
identify properties that require minimal upgrades and maintenance, which can
offer future owners a prime addition to their portfolio with the potential for
steady cash flow,” says Richards.
“With stabilized occupancy for the next
nine years, the owner stands to benefit greatly from this acquisition in a
market that has become highly competitive.”
 |
| Anthony DeLorenzo |
Built in 2001 and renovated earlier this
year, the property features 21 loading bays, 22-foot clear height ceiling and
ample parking lot with 53 surface parking spaces.
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.
 |
| Bryan Johnson |
With a track
record spanning nearly $1.64 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.
 |
| Nick Williams |
CONTACT:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
david@ebelingcomm.com
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.”
www.stospartners.com
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