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12/16/21
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Stos Partners paid $19.8 mil for a vacant 139k sf ($142/sf) industrial building located at 10220 San Sevaine Way in Jurupa Valley.
Built in 1986 and situated on 8.24 acres, the asset includes approximately 7k sf of office space, 16 docks, three drive-in doors and 1600 amps of power. The property also features a large secured storage yard with drive-around truck access and a long truck queuing lane.
According to CJ Stos, Principal at Stos Partners, the firm plans to implement a value-add strategy at the property to bring a competitive manufacturing asset to the market. The upgrades will include office improvements, new paint, roof work, and repaved asphalt. Stos is also considering repositioning the 8.24 acres of land the property sits on, and converting the excess land into yard space.
Stan Nowak and Cody Lerner with Avison Young represented Stos Partners in the deal. The seller, a private company, was also represented by Nowak and Lerner along with Avison Young colleague John Pinjuv.
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