Cushman & Wakefield has advised Stos Partners in the $46 million dispositional sale of a 182,000-square-foot distribution facility in Pomona, CA. The property, purchased by Denver’s EverWest Advisors, is 100% leased to a leading manufacturer of innovative packaging.
“Given the fierce competition and scarce inventory available for amenitized, well-located industrial properties in the Los Angeles region, the move to sell this asset was a strategic initiative for our firm,” said Stos Executive VP Jay Boyle. “We identified an excellent opportunity to benefit from the ongoing growth of this market.”
The rail-served facility is situated on 8.5 acres of land and features 18 dock- and 12 grade-level doors, 19’ to 21’ clear heights, 7,200 square feet of office space and access to nearby shipping ports and airports.
Cushman & Wakefield’s National Industrial Advisory team of Bryce Aberg, Jeff Chiate, Jeff Cole, Mike Adey and Zach Harman represented Stos Partners in the transaction.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.