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California  + San Diego  + Industrial  | 

North San Diego Industrial Building Sold for $6.2M in 1031 Exchange

Vista Pointe Plaza, a fully-leased 36,962-square-foot industrial property situated on 4.76 acres in Vista, CA has traded for $6.2 million. The multi-tenant building is located at 2420 Grand Ave. in northern San Diego, and was acquired by an unnamed Orange County-based private equity investor.

The property was the buyer’s upleg of a 1031 Exchange. The seller was American Properties I, LLC. The asset offers the buyer secure in-place cash flow at varying lease expirations, in a market that provides upside in rent achievement.

Cushman & Wakefield’s Mark Avilla, Peter Curry, Rick Reeder and Brad Tecca represented both parties.

Avilla says, “Vista Pointe Plaza is a highly desirable, institutional quality multitenant industrial property that provided the rare opportunity to acquire a true, incubator multi-tenant industrial project.”

The property was developed in 1989, and fully renovated in 2008, to accommodate the expanding base of small industrial tenants located throughout North San Diego County.

The Connect Industrial conference will take place July 11. For more information, or to register, log on here.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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