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RanchHarbor, Stos Snag San Diego Industrial Portfolio
Newport Beach-based RanchHarbor and San Diego-based Stos Partners acquired two industrial properties in San Diego. The assets, collectively referred to as the Benchmark Portfolio, encompass two free-standing industrial warehouses totaling 28,000 square feet, one at 12575 Stowe Dr. in Poway and the other at 145 N. Pacific St. in San Marcos.
RanchHarbor’s Steve Sims says, “The demand for industrial assets of this size and design in Southern California is tremendous from both a user and investor standpoint, and this strategic investment offers significant yield and upside potential for our investors.”
Both sites offer similar layouts, with substantial excess land and low site coverage. The off-market deal closed at substantially below replacement cost and at an attractive basis. A five-year lease with the undisclosed seller was negotiated as part of the transaction.
RanchHarbor provided a full capital stack solution for the transaction. The company’s capital markets advisory platform, RH Advisors, secured the debt in conjunction with Stos Partners.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


