KTI Hydraulics Acquires Industrial Property In Tustin From Stos Partners For $26.5M
1311 Valencia Avenue
71,616 SF
Summary
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.
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