New Buy Brings Stos’ 2019 Acquisitions to 400K SF

Stos Partners has acquired a multi-tenant R&D/office property in Carlsbad totaling 22,156 square-foot building. The acquisition brings Stos’ investment volume for the year to 402,000 square feet and a total of $55.5 million.

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.