Stos Partners Acquires Industrial Asset In Poway For $8.6M

The corporate headquarters and manufacturing facility located at 13955 Stowe Drive in Poway, California, have been acquired by Stos Partners for $8.6 million. The property spans 37,500 square feet and was sold by a private seller. Stos Partners intends to undertake various capital upgrades, including interior office rehabilitation, roof repair, and HVAC system replacement. Following the purchase, the buyer quickly secured a tenant to occupy the entire office and manufacturing building.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $8,600,000.00
• Market: Poway
• Buyer: Stos Partners
• Square Footage: 37,500
• Buyer's Representative: James Duncanson (SquareFoot)
• Seller: Private Seller

James Duncan and Mickey Morera of Kidder Matthews served as the representatives for Stos Partners in this transaction. C3Bank provided financing for the acquisition of the property.