Industrial property

Stos Partners Acquires 35,000 Square Foot Industrial Property in Los Angeles County – OsideNews

Encinitas CAStos partnersone of Southern California’s most active commercial real estate investment and management firms, acquired a two-tenant, 35,000 square foot industrial property in the Los Angeles County submarket in Signal Hill, California.

The company’s first purchase of 2022 follows a record year in which Stos Partners negotiated more than $330 million of commercial properties in Southern California, Arizona and the Midwest. The acquisition of this property marks the company’s entry into a key submarket, as Signal Hill is an enclave completely surrounded by the city of Long Beach, according to CJ Stos, principal at Stos Partners.

“We have been monitoring opportunities in this area for several years and were ultimately able to secure this fully leased off-market asset through strong relationships,” says Stos. “The Long Beach area has a prime last mile location. The property is located near several population centers, one mile from the Long Beach Airport and only four miles from the Port of Long Beach, the second largest port in the United States. and a leader in environmental stewardship and sustainability.

Tanner Jansen, Vice President of Acquisitions at Stos Partners, adds that the company plans to make significant cosmetic upgrades to the property, including a new roof, parking lot resurfacing, fresh paint, updated landscaping. and a major overhaul of the entrance area.

“We recognized this acquisition as an exceptional opportunity to capitalize on strong demand and organic growth in a seeing sub-market. industrial vacancy rate below 1%as well as creating more value through the implementation of our proven capital renovation plan and eventually re-letting the property,” says Jansen.

The property, which was acquired for $8.4 million, is located at 2301 Redondo Avenue in Signal Hill, California. Chris Smith of Lee & Associates represented Stos Partners as buyer in the transaction.

About Stos Partners

Stos Partners is a private commercial real estate investment and management firm that invests in real estate directly and in partnership with high net worth and institutional investors. With a history of over one billion transactions to date, the company targets the most competitive risk-adjusted returns in the market through opportunistic acquisitions, strategic redevelopment and bottom-up development. institutions and commercial small and mid caps. Properties.