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1311 Valencia Ave Tustin, C...

KTI Hydraulics Acquires Industrial Property In Tustin From Stos Partners For $26.5M
SOLDIndustrial

KTI Hydraulics Acquires Industrial Property In Tustin From Stos Partners For $26.5M

1311 Valencia Ave Tustin, CA 92780, USA

$26,500,000

$370/SF

Building Size

71,616 SF

Asset Type

Industrial

Closing

Aug 9, 2023

AI

Stos Partners has sold a high-tech manufacturing property located at 1311 Valencia Avenue in Tustin, California. The property, situated in Orange County's strong manufacturing market, was sold to KTI Hydraulics, Inc. for a price of $26.5 million. Stos Partners initially acquired the property in 2021 for $19.2 million and enhanced its value through capital improvements. The industrial asset spans approximately 71,616 square feet, resulting in a price per square foot of $370.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $26,500,000
  • Address: 1311 Valencia Avenue, Tustin
  • Market: Tustin
  • Seller: Stos Partners - CJ Stos, Jason Richards, Jay Boyle, Tanner Jansen & Travis Gorzeman
  • Buyer: KTI Hydraulics, Inc.
  • Seller's Representative: Nick Valasquez & Michael Hartel - Colliers; Ross Bourne - CBRE
  • Buyer's Representative: Xavier Nolasco & Steve Wagner - JLL
  • Square Footage: 71,616
  • Price per Square Foot: $370

The successful sale of this manufacturing property reflects its strategic location within Orange County's strong manufacturing market. Through capital improvements, Stos Partners enhanced the property's value, resulting in a transaction of $26.5 million with KTI Hydraulics, Inc.

Players

Steve Wagner

JLL

Broker

$125.2M

vol

5 deals

Broker
Stos Partners
Stos Partners Brokerage
CJ Stos

CJ Stos

Stos Partners

Seller

$111M

vol

7 deals

Seller

Tustin Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93