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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.
- ◦Sale/Acquisition


