A San Marcos industrial complex located at 1545-1565 La Mirada Drive has been sold by Stos Partners for $12.5 million. The property spans approximately 3.29 acres and features a total square footage of 61,112, resulting in a price per square foot of $205. The transaction took place on September 15, 2023.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $12,500,000
• Address: 1545-1565 La Mirada Drive, San Marcos
• Market: San Marcos
• Size: 3.29 acres
• Square Footage: 61,112
• Price per Square Foot: $205

The buyer's representative in this deal was Brant Aberg & Bryce Aberg from Cushman & Wakefield. On the other hand, the seller's representatives were Matt Pourcho, Anthony Delorenzo, and Matt Harris from CBRE, as well as Chris Roth, Rusty Williams, and Jake Rubendall from Lee & Associates.

Stos Partners originally purchased the industrial complex in May 2021 for $8.77 million. They implemented renovations and a value-added strategy before securing a quick sale through local broker connections. The buyer was represented by Cushman & Wakefield, while CBRE and Lee & Associates represented Stos Partners in the transaction.