Stos Partners Acquires 35,000 SF Industrial Property in Los Angeles County
Stos Partners has acquired a 35,000 square-foot, two-tenant industrial property in the
Los Angeles County submarket of Signal Hill, California.
The property is situated near several population hubs, one mile from the Long Beach airport, and just four miles from the Port of Long Beach.
The firm plans to make substantial cosmetic upgrades to the property, including a new roof, parking lot resurfacing, fresh paint, updated landscaping, and a major revamp of the entryway area.
The property, which was acquired for $8.4 million, is located at 2301 Redondo Avenue in Signal Hill, California.
Chris Smith with Newmark represented Stos Partners in this transaction.
About Stos Partners
Stos Partners is a privately held 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 track record spanning over $1.3 billion in transaction to date, the firm targets the most competitive risk-adjusted returns in the marketplace through opportunistic acquisitions, strategic redevelopment, and ground-up development of both institutional and small-to-mid-cap commercial properties.
Headquartered in San Diego, California with an office in Orange County, California and Laredo, Texas, Stos Partners’ local expertise and longstanding relationships translate into the ability to source, capitalize and close transactions quickly and profitably. More information is available at www.stospartners.com.