SAN DIEGO—SR Commercial, a privately held, full-service commercial real estate investment company, has completed its tenth acquisition in the San Diego market. The firm recently acquired a 125,000 square-foot, Class A industrial warehouse for a total consideration of $10 million in Vista, Calif.; and a 32,842 square-foot industrial building in Oceanside, Calif. for a total consideration of $2.9 million, according to CJ Stos, a Principal of SR Commercial.
“Right now is the ideal time to invest in the San Diego industrial market,” says Stos, who founded SR Commercial with Adam Robinson. “Pricing is still competitive while debt remains low and the tenant market is getting stronger, which is an attractive combination. Demand for investment-grade product in the market continues to climb, which will ultimately drive values higher, delivering strong ROI for those who invest now.”
The firm acquired eight industrial properties in 2012, and plans to double its investment amount in 2013, according to Stos.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
