rentv.com: KTI Hydraulics Inc Buys OC Hi-Tech Facility in $26.5 Mil Deal
Stos Partners acquired the asset in December 2021 for $19.2 mil. Since then, the company implemented a value-add strategy and capital improvement program which included a new roof, parking lot, exterior painting, landscaping and interior improvements.
The property is well located within the Irvine Business Complex and adjacent to Tustin Legacy, a 1,600-acre mixed-use development project. It offers immediate access to the 55 Fwy and is four miles from John Wayne airport. Building features include excess yard area, ample parking ratio, high-end cleanroom space with ideal mix of complimentary office and warehouse space and on-site EV charging stations.
Stos Partners was represented by Nick Valasquez and Michael Hartel with Colliers along with Ross Bourne with CBRE. Xavier Nolasco and Steve Wagner with JLL repped the buyer in the transaction.
“The Orange County market has seen great demand for specialized manufacturing assets because of its growth in the life science and R&D industries,” said CJ Stos, Principal at Stos Partners. “Our team identified this asset’s value during the initial acquisition in 2021. Through deep relationships with local brokers, we were able to secure a buyer in a timely manner.”
According to CJ Stos, Principal at Stos Partners, the Orange County market has seen great demand for specialized manufacturing assets because of its growth in the life science and R&D industries. The company reports that Orange County has one of the strongest manufacturing markets in the region with a vacancy of approximately 1.1% in 2023 and no new owner/user construction.
Article source: rentv.com