The industrial asset involved in the transaction is a 70,224-square-foot property located at 6212 Corte Del Abeto in Carlsbad, CA. The property was purchased by a joint venture between Stos Partners and Long Wharf Capital for $9,700,000. The building is fully occupied by a go-kart racing tenant and features a mix of office and warehouse space, along with grade- and dock-high loading positions.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $9,700,000.00
• Market: Carlsbad
• Buyer: Long Wharf Capital
• Seller: Unknown
• SF: 70,224
• Buyer's Rep: Tres Reid (CBRE)

Rusty Williams and Chris Roth of Lee & Associates, along with Tres Reid of CBRE, represented the buyers in the acquisition of the industrial property. The joint venture between Stos Partners and Long Wharf Capital successfully closed the off-market transaction for the asset in Carlsbad, California, adding to their industrial portfolio in Southern California.