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The Registry SoCal: Stos Partners Sells 71,616 SQFT Manufacturing Building in Tustin for $26.5MM


TUSTIN, Calif., (August 9, 2023) – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the successful sale of a 71,616-square-foot high-tech manufacturing property located at 1311 Valencia Avenue in Tustin, California to KTI Hydraulics, Inc. for $26.5 million.

Stos Partners acquired the property in December 2021 for $19.2 million. Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle, Vice President of Acquisitions Tanner Jansen and Vice President of Asset Management Travis Gorzeman, the company implemented its value-add strategy and capital improvement program which included a new roof, parking lot, exterior painting, landscaping and interior improvements.

“The Orange County market has seen great demand for specialized manufacturing assets because of its growth in the life science and R&D industries,” says 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.”

“Orange County has one of the strongest manufacturing markets in the region with a vacancy of approximately 1.1 percent in 2023 and no new owner/user construction,” said Richards.

The property is well located within the Irvine Business Complex and adjacent to Tustin Legacy, a 1,600-acre mixed-use development project. It features immediate access to the 55 Freeway and is four miles from John Wayne airport.

Competitive 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 represented the buyer in the 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 nearly $1.75 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets 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, fund and close transactions quickly and profitably.

Article source: theregistrysocal.com