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7/30/25
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Stos Partners recently completed two industrial deals, one an acquisition and the other a disposition. The transactions, in Phoenix and Poway, total $11.67 mil.
In Phoenix, the firm acquired a 39.4k sf, freestanding industrial building at 2229-2235 E. Magnolia St for $5.17 mil, or $131 per square foot. The vacant warehouse, purchased off-market from a private investor, is located in the Sky Harbor submarket, one of Phoenix’s most active industrial hubs, and presents a prime repositioning opportunity.
The Phoenix asset is located south of the I-10 and I-17 interchange, minutes from Phoenix Sky Harbor International Airport. The warehouse features 24-foot clear height, two dock-high and two grade-level doors. Stos Partners plans to reposition the property through a series of capital improvements including roof replacement, parking lot resurfacing, HVAC upgrades, new speculative office buildout, exterior and interior painting, and drought-tolerant landscaping.
DAUM Commercial Real Estate Services represented both parties in the Phoenix transaction. Parker Huston represented Stos Partners, and Jerry Hillary represented the seller.
Separately, Stos Partners completed the disposition of 12575 Stowe Drive in Poway for $6.5 mil. The firm acquired the 18k sf property in 2020 for $3.6 mil and executed its business plan ahead of schedule, resulting in a strong return on investment.
The Poway asset, located on 1.62 acres in one of San Diego’s most supply-constrained industrial submarkets, includes a large, secured yard, a 26% floor-area ratio, 20-foot clear heights, four grade-level doors, and two stories of office space.
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. The building was sold to a private owner-user.
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