SAN DIEGO, Calif. – Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has announced the successful sale of a 61,112-square-foot industrial complex located on 3.29 acres at 1545-1565 La Mirada Drive in the North County San Diego market of San Marcos, California to a private investor for $12.5 million.
Stos Partners acquired the property in May 2021 for $8.77 million. Led by Principal and Founder CJ Stos, Partner Jason Richards, Executive Vice President Jay Boyle 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, drought resistant landscaping and signage.
“The North County San Diego industrial market has seen great demand for specialized manufacturing assets because of its growth in the life science, technology and communications,” 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.”
“The North County San Diego industrial market is comprised of 54 million square feet with strong vacancy of 2.2 percent,” said Richards. “In 2022, we saw over 2.2 million square feet of leasing activity in the market.”
The property is ideally located near the California 78 Freeway, providing convenient access to neighboring communities. It is also less than one mile from North County San Diego’s largest development, North City, which consists of 200 acres of mixed-use commercial space.
Competitive building features include 21 grade-level roll-up doors, secured outdoor storage areas, multiple ingress/egress points, and minimal first floor office space.
Stos Partners was represented by Matt Pourcho, Anthony Delorenzo, and Matt Harris with CBRE along with Chris Roth, Rusty Williams, and Jake Rubendall of Lee & Associates. Brant Aberg and Bryce Aberg with Cushman & Wakefield 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.