Updated Dec 6, 2024
Stos Partners Acquires Industrial Asset In Poway For $8.6M
13955 Stowe Dr, Poway, CA, 92064
$8,600,000
$229/SF
Building Size
37,500 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
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.
On the Map
$8,600,000
$229/SF
Industrial
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Players
Poway 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93