Stos Continues to Grow SoCal Portfolio
The 53,601 square-foot, free-standing industrial property in San Diego, California
Stos Partners continues to grow its Southern California portfolio. The investor has acquired four properties throughout the region for a total of $25 million. Three of the properties are in San Diego and the fourth is in Temecula. They total 178,000 square feet.
The San Diego properties include a 37,882 square-foot industrial property in Miramar, California, purchased in an off-market transaction for a total consideration of $6.3 million; a 21,200 square-foot industrial property in the Kearny Mesa submarket of San Diego, California, purchased for $4.7 million; and a 53,601 square-foot industrial property in San Diego, California, purchased for $6.2 million.
In Temecula, the investor purchased a 65,315 square-foot industrial building in Temecula, California, for $7.1 million.
Article source: globest.com