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7/21/21
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A 183k sf industrial warehouse in Pomona was acquired by Stos Partners, in a venture with an institutional partner, for $22.275 mil ($122/sf). The property is 100% leased to a credit-backed manufacturing and distribution tenant.
The property is located at 159 North San Antonio Ave, south of I-10 and east of Towne Ave, near the border of Los Angeles and San Bernardino Counties. Stos Partners expects to eventually implement several capital improvements to the asset, including interior spec suite replacements, mechanical upgrades, a new roof, fresh paint, parking lot resurfacing, and landscaping.
Todd Launchbaugh of Lee & Associates represented both parties in the deal.
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