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Stos Partners Divests of Cold Storage Facility in San Diego for $8.3M

9925-Airway-Rd-San-Diego-CA

The 56,300-square-foot cold storage facility is located at 9925 Airway Road in San Diego’s Otay Mesa submarket.

SAN DIEGO — Stos Partners has completed the disposition of a 56,300-square-foot cold storage facility located at 9925 Airway Road in San Diego’s Otay Mesa submarket. A private investor acquired the asset for $8.3 million.

Stos Partners initially acquired the property for $6.1 million in 2019 and successfully brought the property to 100 percent occupancy. During its tenure, the company implemented a value-add program that resulted in a 35 percent value increase. Upgrades included a new roof and paint, mechanical enhancements, fresh landscaping and other general building improvements.

Louay Alsadek, Hunter Rowe, Erik Parker and Matthew Pourcho of CBRE represented the seller in the deal.

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