A joint venture between Long Wharf Capital and Stos Partners has acquired two new industrial assets in San Diego, one in Miramar and another in Carlsbad. The properties traded hands for a total of $13.9 million.

The Carlsbad asset totals 70,224 square feet and is 100% leased, while the Miramar asset totals 27,510 square feet and is a value-add play. The investors plan to upgrade Planned improvements include a new roof, façade, parking lot upgrades, updated landscape plan and interior renovations.

Jason Smithson from NAI Capital represented the seller in the acquisition.

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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.

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