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901 Bay Marina Dr. The industrial property at 901 Bay Marina Dr. was purchased for $12.2 million and sold for $21 million 14 months later.

NATIONAL CITY, CA—Stos Partners has sold 901 Bay Marina Dr. here, a 91,541-square-foot single-tenant industrial property, after owning the asset for slightly more than a year and completing an improvement program on it. Stos purchased the property in November 2016 for $12.2 million, and its sale to an undisclosed institutional investor 14 months later for $21 million reflects a 210% project-level IRR.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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