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Donna Hahn

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CT REALTY ADDS POWAY PROPERTY TO INDUSTRIAL PORTFOLIO

POWAY, CALIF. (March 3, 2015) – An affiliate of CT Realty (www.ctrinvestors.com) has

purchased a 112,000-square-foot industrial property in Poway, Calif., for $14.4 million. Located at

13550 Stowe Dr. in the Poway Business Park, the CT Realty affiliate acquired the property from a

private real estate investor.

The single-tenant manufacturing/warehouse building is 100 percent occupied by General

Atomics Aeronautical Systems Inc., one of the world’s leading resources for high technology systems

ranging from the nuclear fuel cycle to electromagnetic systems, remotely operated surveillance aircraft,

airborne sensors, and advanced electronic, wireless and laser technologies. The Stowe property features

12 dock-high positions and six grade-level doors in a climate-controlled warehouse, along with 16,800

square feet of office space on two levels. The site also offers 24’ clear height, ESFR sprinkler system, a

concrete truck court and 345 parking spaces.

Located on 8.33 acres in the Poway submarket of San Diego County, the building offers

excellent access to the 56, 163 and 78 freeways, all major arterial corridors for inland north San Diego

County. According to Carter B. Ewing, managing partner of CT Realty, the submarket is extremely tight

with a current vacancy rate of 2.4 percent.

“Poway is a highly desirable business location for regional companies given its freeway access

and proximity to San Diego’s major amenities, attractions and housing core,” Ewing said. “Currently, no

vacant manufacturing/warehouse space in excess of 75,000 square feet exists in the Poway submarket.

Future anticipated demand for large, single-tenant buildings in the region combined with the property’s

outstanding physical attributes make the Stowe acquisition very compelling as an investment

opportunity.”

Tim Hoag with the San Diego office of Cushman & Wakefield represented both the CT Realty

affiliate and the seller in the transaction.

About CT Realty

Since its establishment in 1994, Aliso Viejo, Calif.-based CT Realty has completed more than 220

transactions with value in excess of $2.5 billion. Most recently, the primary investment focus has been

industrial properties in Southern California and Texas, with more than six million square feet of existing

buildings and more than 600 acres of land acquired since 2010. More information about CT Realty may

be found at www.ctrinvestors.com.

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