April 22, 2019
Sentre disposed of a 73,000-square-foot industrial facility in Poway, CA to Socal Stowe, LLC for $15.95 million. Located at 13450 Stowe Dr., the property is 100% leased to Aldila Composite Materials, a subsidiary of Mitsubishi and a designer and manufacturer of composite materials.
Situated on 4.3 acres and originally constructed in the early 1990s, the single-story building with mezzanine space features dock and grade level loading, open outdoor amenities, efficient office layout, new LED Lighting, and a secured yard.
Jim Snyder and Patrick Lacey of Lee & Associates represented the buyer. Cushman & Wakefield’s Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey, Brooks Campbell, Zach Harman and Devin Muna represented the seller.
Aberg said, “The current tenant has occupied the property for decades since the mid 1990s and very recently made a substantial investment into the property that included several interior, exterior and mechanical upgrades.”
For comments, questions or concerns, please contact Dennis Kaiser