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Realty Income Acquires Mission-Critical Poway Industrial
CBRE arranged the $43.3-million sale of a 133,844-square-foot light industrial and manufacturing facility located at 13100 Danielson St. in Poway. Realty Income acquired the property. CBRE’s Hunter Rowe, Brian Russell, Michael Longo and Matt Carlson represented the seller, who was not disclosed.
The property is a highly specialized, purpose-built industrial and manufacturing facility situated on 7.2 acres along the Interstate 15 corridor in Central San Diego. 13100 Danielson St. is fully leased to a well-established manufacturer specializing in corrugated boxes and packaging solutions. The building features nine dock-high doors, 11 grade-level doors, a secure truck court and a loading area.
“This was a rare opportunity to acquire a mission-critical manufacturing asset in Central San Diego,” said Rowe. “The Poway submarket remains one of San Diego’s tightest industrial pockets, with strong market fundamentals and tenant demand.”
- ◦Sale/Acquisition
