/
|
Stos Partners recently completed two industrial deals, one an acquisition and the other a disposition. The transactions, in Phoenix and Poway, total $11.67 mil.
In Phoenix, the firm acquired a 39.4k sf, freestanding industrial building at 2229-2235 E. Magnolia St for $5.17 mil, or $131 per square foot. The vacant warehouse, purchased off-market from a private investor, is located in the Sky Harbor submarket, one of Phoenix’s most active industrial hubs, and presents a prime repositioning opportunity.