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California  + San Diego  + Industrial  | 

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.

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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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