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California  + San Diego  + Industrial  | 

Vista Industrial Duo Sells to 1031 Exchange Buyer 

CBRE arranged the $29.4-million sale of 3215 and 3225 Executive Ridge in Vista to Old Grove LLC, an out-of-town 1031 exchange buyer. The two industrial buildings combined total 102,239 square feet and are triple net leased. 

Matt Pourcho, Anthony DeLorenzo and Matt Harris of CBRE’s Investment Properties, alongside CBRE’s Roger Carlson and Blake Wilson, represented the seller, DXW LLC. 

“We continue to witness strong demand from the 1031 exchange buyer pool,” said Pourcho. “These two buildings were a perfect fit for this buyer looking for stable income with a great credit tenant, an excellent location, and attractive quality buildings.” 

The building at 3225 Executive Ridge was built in 2004 to serve as the corporate headquarters for BioFilm, Inc., a manufacturer and distributor of healthcare products. Two years following the first building’s completion, 3215 Executive Ridge was built for additional warehouse and distribution needs. BioFilm will continue occupying the property. 

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CBRE's Pourcho

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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