Stos Partners Sells Industrial Building in San Diego for $21M
SAN DIEGO — Stos Partners has sold a 91,541-square-foot industrial building in the National City submarket of San Diego for $21 million. The single-tenant building is located at 901 Bay Marina Drive.
The asset is fully occupied. An undisclosed Fortune 500 company anchors the building. A large institutional investor acquired the property after it underwent several improvements, including a new roof, new exterior paint, an upgraded parking lot and new monument signage.
CBRE’s Anthony DeLorenzo, Matt Pourcho and Gary Stache represented Stos in this transaction.
Article source: ReBusinessOnline.com