Temecula Buys Demonstrate the Market’s Value Creation Potential
Stos Partners recently acquired a 228,912-square-foot industrial asset in Temecula for $40.75 million, bringing its total sale volume for July 2021 to $82 million. Stos’ previous sale in Temecula was to a San Diego-based private institution.
“Our two most recent sales demonstrate the magnitude of value creation that is possible in the current market with the right industrial investment strategy,” says CJ Stos, principal at Stos Partners. “We were able to successfully turn $50 million in investments into $82 million in sales within an 18-month ownership period. This reflects the strength of our investment platform as well as the ever-increasing institutional appetite for well-positioned, well-located industrial product.”
Stos initially acquired the previous Temecula asset for $28.9 million in April 2020 and implemented a value-add program to secure a long-term tenant and ultimately achieve a 41 percent value increase.
“We recognized early on that this asset was located on a path of growth with a tremendous amount of unrealized value,” says Stos. “This sale speaks to our expertise in acquisitions and execution, and to the depth of our broker relationships, through which we were able to identify this asset and complete its strategic lease-up and sale.”
Darla Longo, Barbara Perrier, Louay Alsadek and Hunter Rowe with CBRE, and Bob Willingham with Kidder Mathews and Scott Stewart with Lee & Associates represented Stos Partners as the seller in this transaction.
- ◦Sale/Acquisition