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California  + Los Angeles  + Industrial  | 
Stos Partners

183K-SF Industrial Warehouse Offers Immediate Cash Flow

Stos Partners has expanded its Southern California portfolio with the acquisition of an 183,000-square-foot industrial warehouse in the Los Angeles County submarket of Pomona, CA. The firm purchased the asset with an institutional partner for $22.275 million in an off-market transaction. This transaction is part of more than $42 million of acquisition activity in recent weeks, according to CJ Stos, principal at Stos Partners.

“This latest acquisition is in a prime location within the Los Angeles market situated between the Inland Empire and San Gabriel Valley, and offers immediate cash flow and long-term value creation opportunities,” says CJ Stos.

The property is 100 percent leased to a credit-backed manufacturing and distribution tenant, according to Jason Richards, partner at Stos Partners.

“There is tremendous demand for well-located highly functional industrial product in Greater L.A. submarkets like Pomona based on limited supply and low vacancy,” explains Richards. “Utilizing our expertise in deferred maintenance, and proven renovation and repositioning strategies, we will create value through substantial interior and exterior upgrades.”

The asset will eventually undergo several capital improvements in order to bring rents up to market rate, notes Jay Boyle, executive vice president at Stos Partners.

“Strong property-level attributes make this an ideal asset for current and future industrial uses,” explains Boyle.

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CJ Stos

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
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