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September 20, 2019
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SOUTHERN CALIFORNIA NEWS
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Poway Industrial Facility goes for $218/sf

4/19/19

A 73k sf industrial facility in Poway sold for $15.95 mil, or $218/sf. The facility, located at 13450 Stowe Dr, is 100% leased to Aldila Composite Materials, a subsidiary of Mitsubishi and a leading designer and manufacturer of composite materials.

Situated on 4.3 acres and originally constructed in the early 1990s, the single-story building with mezzanine space features dock and grade level loading, open outdoor amenities, efficient office layout, new LED Lighting, and a secured yard. Additionally, the property is near Interstate 15 and State Route 56

Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey, Brooks Campbell, Zach Harman and Devin Muna of Cushman & Wakefield represented the seller, SENTRE, an acronym for Stewards and ENTrepreneurs of Real Estate, in the transaction. C&W’s Brant Aberg also provided local market advisory. Jim Snyder and Patrick Lacey of Lee & Associates represented the buyer.

“The current tenant has occupied the property for decades since the mid 1990s and very recently made a substantial investment into the property that included several interior, exterior and mechanical upgrades,” noted Aberg. “Furthermore, the property is positioned in the center of the I-15 Corridor, which has one of the largest concentrations of aerospace and defense companies in San Diego.”






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