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Stos Partners Completes $14M Sale of Poway Industrial Asset
Stos Partners, an Encintas, CA-based commercial real estate investment and management firm, has announced the successful disposition of a 37,000-square-foot manufacturing facility in Poway, CA. The property was purchased by an undisclosed private buyer for $13.9 million.
“The San Diego market has seen much demand for prime industrial assets that are situated close to highways and transportation routes,” said CJ Stos, Principal at Stos Partners. “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 less than a year.”
The building, currently leased to automated manufacturing systems company Automation NTH, features two dock-high and two grade-level loading doors, a 24’ warehouse ceiling and 800-1,600 amps of power.
Kidder Mathews’ James Duncan represented Stos Partners in the transaction, while the buyer was represented by Lee & Associates’ Rusty Williams and Chris Roth.
- ◦Sale/Acquisition
