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EverWest Buys Prized Distribution/HQ Facility in San Diego for $25M
A creative 74,774-square-foot class-A industrial distribution and corporate headquarters facility recently changed hands in Carlsbad. The buyer was Denver-based institutional investment management firm, EverWest Advisors, which acquired the freestanding coastal asset for $25.25 million. Located at 3209 Lionshead Ave., the property is fully leased to a global sports apparel and outerwear company.
Cushman & Wakefield represented San Francisco-based Graymark Capital in the disposition of the property. Investment specialists Rick Reeder, Aric Starck, Brad Tecca and Drew Dodds represented the seller, a joint venture between Graymark Capital and Blue Vista Capital Management in the sale.
“High-quality industrial assets such as this facility that are well located and well leased, especially to credit tenants, remain in very high demand in San Diego and across the region. We expect that trend to continue for at least the foreseeable future,” Starck adds.
3209 Lionshead Ave is situated on 5.31 acres and was constructed in 2009. The facility features creative office improvements and a warehouse with ESFR, three rear-loading docks, five grade-level loading doors and heavy power.
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- ◦Sale/Acquisition
