A “More Rational” Market to Emerge in 2017

Stos: “Rising interest rates and uncertainty in the political landscape will likely cool investment sales in the short term, but we don’t expect this to last.”

NATIONAL CITY, CA—Looking ahead, interest rates will stabilize and moderate increases are forecasted while the uncertainty surrounding the new administration will fade, Stos Partners principal CJ Stos tells GlobeSt.com. The privately held commercial real estate investment and management firm recently acquired a 91,541-square-foot single-tenant industrial building on 6.12 acres at 901 Bay Marina Dr. here for $12.2 million. The seller, a public company, was represented by Chris Holder of Colliers International.

During escrow, the firm secured a long-term lease with a credit tenant. Stos plans to invest in significant capital improvements for the facility, including adding a new roof, new exterior paint and new landscaping, and will upgrade the parking lot and HVAC system.