Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Stos Partners has sold two industrial properties in Southern California after two years. The two properties total totaling 221,000 square feet and traded hands for $33.5 million. The firm implanted a capital improvement project on each property to drive value. Both transactions illustrate the healthy industrial market and rapid increase in pricing.

“From our extensive experience, we were able to identify value that was created and could be created instantly at the time of acquisition,” Jason Richards, partner at Stos Partners, tells GlobeSt.com. “Once we owned them, we implemented an improvement and reposition plan that allowed the properties to appeal to tenants, users or investors in new ways.  Lastly, we were able to identify the surging trend in institutional desire to own and pay a premium for low finish industrial product.  All these factors resulted in significant and above market returns.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.