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Industrial Portfolio in San Marcos, Temecula Trades to Two Separate Buyers
Cushman & Wakefield arranged the sale of two industrial projects spanning six buildings and 387,454 square feet in San Marcos and Temecula, located in San Diego and Riverside counties, respectively. The properties were sold separately between January and May to two separate buyers for a combined total of $74.04 million.
In San Marcos, the sale disposed of a four-building Class A industrial project totaling 221,294 square feet that was 100% leased. Known as Pro•duc•tion, the project was built in 2018 and is located at 195 Bosstick Blvd. and 2946, 2950 & 2954 Norman Strasse Rd. and sold to Investcorp for $50 million. The sale closed in January.
The second and more recent project sale comprised two industrial buildings located at 26201 Ynez Rd. and 42259 Rio Nedo Rd. in Temecula. The assets sold to Cire Equity in May for $24.04 million.
Aric Starck, Jeffrey Cole and Drew Dodds of Cushman & Wakefield’s Capital Markets in Southern California represented the seller in both transactions. Published reports identified the seller as an entity affiliated with Blackstone.
- ◦Sale/Acquisition


