Hager Pacific Makes S.D. County Industrial Buy

Hager Pacific Properties (HPP) recently purchased an industrial property in San Marcos, in San Diego County, for $9 million. It is the firm’s second purchase in the county and first in the northern part of its borders.

The 208,570-square-foot building, at 260 S. Pacific Street, is nearly 97 percent occupied. HPP bought the asset through a Colliers International-brokered deal and plans a $2-million renovation on the building, which will include new lighting, roofing, landscaping, offices and floors.

HPP’s other San Diego County holding is a multifamily asset, with 180 apartments, called Woodside Apartments, in Lakeview.