RanchHarbor JV buys industrial portfolio, seeks value-add and opportunistic partners
RanchHarbor and Stos Partners joint venture has acquired two industrial properties, collectively referred to as the Benchmark Portfolio. The portfolio includes two freestanding industrial warehouses totaling 28,000 square feet in the San Diego submarkets of San Marcos and Poway. Both sites offer similar layout characteristics, with substantial excess land and low site coverage — a rare and distinctive quality that is in high demand, according to the joint venture partners.
“The demand for industrial assets of this size and design in Southern California is tremendous from both a user and investor standpoint, and this strategic investment offers significant yield and upside potential for our investors,” said Steve Sims, managing principal at RanchHarbor.
The Benchmark properties are well located within two of San Diego’s highly supply-constrained industrial infill submarkets and provide easy access to key Southern California transportation routes. Both sites ha