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March 30, 2017
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Stos Partners Completes Two Investment Buys in San Diego County

1/31/17

Stos Partners recently closed on two San Diego acquisitions, one a two-tenant industrial building in Escondido, and the other a two-tenant retail property in the heart of Downtown Oceanside.

In the Escondio deal, Stos Partners purchased a 20k sf industrial property located at 2250 Micro from a private investment group for $124/sf. The building was 50% leased to an electrical contracting company.

During escrow, Stos Partners was able to secure a long-term lease with a Fortune 500 company, bringing the property to full occupancy. The asset, which was recently renovated by the seller, offers freeway visibility, grade-level and dock-high loading, as well as fenced-in outside storage.

Tucker Hohenstein and Mike Erwin with Colliers International represented the buyer and the seller, 2250 Micro LLC, in the deal.

In the other transaction, Stos Partners acquired a two-tenant retail property on Mission Ave in Oceanside for $1.37 mil from a private owner. The company intends to invest in significant capital upgrades to the building, with plans to create a contemporary space featuring exposed bow truss ceilings with skylights, exposed beams, concrete floors, and other creative elements.

Stos Partners will market the property as retail and/or office space, and anticipates high demand from potential tenants. The retail property also includes significant parking, which is unique in this downtown area.

The property is located at 610-612 Mission Ave, a couple of blocks east of Coast Hwy. Cushman & Wakefield’s Peter Curry represented both the buyer and seller in this transaction.





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