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National City Distribution Facility Trades for $21M
Encinitas, CA-based Stos Partners divested a 91,541-square-foot single-tenant industrial building in San Diego’s National City submarket for $21 million. The buyer was reportedly an entity affiliated with Chicago-based RREEF Core Plus Industrial Fund.
The distribution facility at 901 Bay Marina Dr. is said to be occupied by Amazon Inc. Stos acquired the asset in November 2016 for $12.2 million, and completed such improvements as a new roof, new exterior paint, an upgraded parking lot, and new monument signage.
Stos Partners’ C.J. Stos says, “By recognizing the value in this asset from the beginning, we were able to strategically attract and secure a long-term lease with a major Fortune 500 company immediately upon acquisition, bringing the asset to 100% occupancy and delivering a solid long-term investment for the new owner.”
CBRE’s Anthony DeLorenzo, Matt Pourcho, and Gary Stache represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


