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GlobeSt.com: Stos Expands Industrial Empire in San Diego


A joint venture between Long Wharf Capital and Stos Partners has acquired two new industrial assets in San Diego, one in Miramar and another in Carlsbad. The properties traded hands for a total of $13.9 million.

The Carlsbad asset totals 70,224 square feet and is 100% leased, while the Miramar asset totals 27,510 square feet and is a value-add play. The investors plan to upgrade Planned improvements include a new roof, façade, parking lot upgrades, updated landscape plan and interior renovations.

Jason Smithson from NAI Capital represented the seller in the acquisition.


Article source: globest.com