VISTA, CA—GlobeSt.com reports exclusively that SR Commercial has acquired an industrial portfolio here consisting of four buildings totaling 168,013 square feet, as well as a 1.43 acre developable land parcel.
The company plans to build a new, 30,000 square-foot addition on the land parcel, which will be the first speculative construction in Vista in three years, according to Adam Robinson, a principal at SR Commercial.
“This $15.2 million acquisition presents a tremendous opportunity to add value through repositioning a portfolio that is perfectly aligned with our ongoing investment strategy,” says Robinson, who founded SR Commercial along with partner CJ Stos. “After implementing any needed improvements, we anticipate selling two of the buildings to industrial users, and holding the remaining two buildings as long-term assets.”
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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.
