SR COMMERCIAL ACQUIRES 11.8-ACRE LAND PARCEL IN CARLSBAD FOR SPEC DEVELOPMENT OF MULTI-TENANT INDUSTRIAL DISTRIBUTION PROJECT

May 7, 2015

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SAN DIEGO, Calif. – May 7, 2015 – (RealEstateRama) — SR Commercial, a privately held, full-service commercial real estate investment company, has acquired an 11.8-acre land parcel in Carlsbad, California, on which the firm plans to develop a 151,500 square-foot multi-tenant industrial distribution project, according to CJ Stos, a Principal at SR Commercial.<span id="more-3331"></span></p> <p>“The timing is right for this spec development,” says Stos, who founded SR Commercial along with partner Adam Robinson. “There is active tenant demand for multi-tenant industrial space, coupled with a limited supply of this product type in the Carlsbad region. The combination of these factors translates into a tremendous opportunity for our firm to add value to this Southern California industrial hub.”</p> <p>SR Commercial Principal Adam Robinson explains, “Currently, there are only seven industrial business parks in the Carlsbad and Vista submarkets that offer small unit sizes with both grade-level and dock-high positions. Those properties have averaged 97 percent occupancy over the past nine months. Based on this analysis of existing product performance, as well as overall market vacancy rates, which are as tight as seven percent for the overall industrial market, and a miniscule three percent for incubator industrial distribution projects, the market is ready for the new project we have planned.”</p> <p>SR Commercial plans to develop and operate a high-quality multi-tenant industrial distribution business park with suite sizes ranging from 3,400 to 35,500 square feet, according to Stos. The ground-up development project will be located in Carlsbad Oaks North, a new 414-acre master planned corporate business park in Carlsbad, California, which currently consists of 25 vacant lots.</p> <p>The approximately 151,500 square-foot incubator project will be state-of-the-art featuring, 27-foot to 32-foot clear height, abundant dock-high and grade-level loading, an ESFR sprinkler system, and ample parking at approximately 2.4 per 1,000 square feet.</p> <p>As part of SR Commercial’s long-term investment strategy, the firm plans to hold the property for a fifteen plus year period.</p> <p>SR Commercial acquired the 11.8-acre land parcel for a total consideration of $6.16 million. Mike Erwin, Conor Boyle and Tucker Hohenstein of Colliers International represented SR Commercial as the buyer, and also represented Techbilt Construction Corp. as the seller in the transaction.</p> <p>SR Commercial is a privately held, full-service commercial real estate investment company that acquires, owns and develops income-producing industrial and office properties. The firm, which partners with both high net worth private capital and institutional investors, has acquired 68 properties totaling approximately two million square feet and more than $250 million in commercial properties since 2011, and continues to conduct successful value-add repositioning and ground-up development projects.</p> <p>SR Commercial’s two Principals are Adam S. Robinson, CPM, CCIM, SIOR; and CJ Stos, MRED. With its corporate office in San Diego and the Principals’ close ties to Orange County and Los Angeles County, SR Commercial has positioned itself as one of the leading real estate investment companies in its markets. More information is available at www.sr-commercial.com.</p> <p>Contact:</p> <p>Lexi Astfalk / Jenn Quader<br /> Brower, Miller & Cole<br /> (949) 955-7940<br /> Lastfalk (at) browermillercole (dot) com<br />+</p>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script><div class="td-g-rec td-g-rec-id-content_bottom"> <script type="text/javascript"> var td_screen_width = document.body.clientWidth; if ( td_screen_width >= 1024 ) { /* large monitors */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); } if ( td_screen_width >= 768 && td_screen_width < 1024 ) { /* portrait tablets */ document.write('<ins class="adsbygoogle" style="display:inline-block;width:468px;height:60px" data-ad-client="ca-pub-4765318478912403" data-ad-slot="5509231618"></ins>'); (adsbygoogle = window.adsbygoogle || []).push({}); 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Grace F. Napolitano (D-El Monte), issued the following statement after the Trump administration announced a new proposal—claiming it to be pro-industry—which would weaken federal clean water rules, putting at risk the health and safety of millions of Americans </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/flood-protection-and-water-storage-ID09937.html" rel="bookmark" title="Flood Protection and Water Storage">Flood Protection and Water Storage</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-07-04T03:31:39+00:00" >July 4, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/senators-include-legal-protections-for-military-families-in-privatized-housing-in-defense-bill-ID09930.html" rel="bookmark" title="Senators: Include Legal Protections for Military Families in Privatized Housing in Defense Bill">Senators: Include Legal Protections for Military Families in Privatized Housing in...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/realestaterama-2">RealEstateRama</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:24:14+00:00" >April 1, 2019</time></div> </div> </div> </div> </div>  <div class="td-block-span12"> <div class="td_module_6 td_module_wrap td-animation-stack td_module_no_thumb"> <div class="item-details"> <h3 class="entry-title td-module-title"><a href="https://california.realestaterama.com/mccarthy-introduces-legislation-to-repurpose-high-speed-rail-funding-to-water-infrastructure-projects-ID09929.html" rel="bookmark" title="McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure Projects">McCarthy Introduces Legislation to Repurpose High-Speed Rail Funding to Water Infrastructure...</a></h3> <div class="meta-info"> <div class="td-post-author-name"> <span>- </span> <a href="https://california.realestaterama.com/author/congressman-kevin-mccarthy">Congressman Kevin McCarthy</a> <span>- </span> </div> <div class="td-post-date"><time class="entry-date updated td-module-date" datetime="2019-04-01T10:20:36+00:00" >April 1, 2019</time></div> </div> </div> </div> </div> </div></div> <aside class="widget widget_archive"><div class="block-title"><span>Government & Nonprofit Press Release Archive</span></div> 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