Stos Partners, a privately held commercial real estate investment and management firm based in San Diego, has sold a Poway industrial site for $6.5 million.
The firm acquired the 18,000-square-foot property in 2020 for $3.6 million. Officials said in a news release that they executed the business plan ahead of schedule, resulting in the strong return on investment.
The asset, located at 12575 Stowe Drive on 1.62 acres, includes a secure yard, 20-foot clear heights, four grade-level doors and two stories of office space.
“We acquired the Poway property with a clear plan to unlock value at lease expiration. When the tenant expressed interest in an early exit, we adjusted our strategy to reposition the asset and secure a buyer. The outcome exceeded our expectations and underscores the strength of our strategy,” said Jay Boyle, an executive vice president at Stos Partners.
Stos Partners was represented in the Poway sale by Tim Clepper of San Diego Commercial. Josh West of Voit Real Estate Services represented the buyer, identified only as a private owner-user.
The firm also acquired a 39,351-square-foot freestanding industrial building in Phoenix for $5.17 million. The vacant warehouse, purchased off-market from a private investor, is located in the Sky Harbor submarket, an active industrial hub.
“These transactions represent two strategic assets aligned with our investment approach in identifying opportunities at an attractive basis in markets with strong underlying fundamentals,” said CJ Stos, Founder and Principal at Stos Partners. “We remain focused on securing functional industrial assets in supply-constrained markets where we can add value and create upside.”
