New Buy Brings Stos’ 2019 Acquisitions to 400K SF
Stos Partners acquires a value-add multi-tenant R&D/office property in Carlsbad from a private buyer.
The property was acquired in a sale-lease back with a private entity. The seller will remain a long-term tenant in the building, occupying 79% of the property. Stos plans to make capital improvements to the remaining space, and offer it for lease at a substantial discount.
Adam Foster of Foster Commercial Real Estate represented Stos as the buyer in the acquisition.