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California  + San Diego  + Industrial  | 

North San Diego Industrial Trades for $25M

A 155,069-square-foot freestanding industrial business center in Vista, CA has traded hands. The buyer in the reportedly $25.3-million sale was Kohlberg Kravis Roberts & Co., while the seller was Newport Beach, CA-based CapRock Partners.

The asset is located at 1395 Park Center Dr., and had been acquired by CapRock in January 2018 from owner-user Vista Industrial Products. A comprehensive improvement plan was initiated to enhance the property’s aesthetics and functionality. The property was subsequently 100% leased by ShipCalm, a third-party logistics and fulfillment service company.

The two-story structure includes 20,000 square feet of office space, four dock-high and eight grade-level loading doors, 26-foot clear heights, 56- by 48-foot column spacing, and a foam roof with skylights. The 7.91-acre property is equipped with heavy power capacity, and includes a fenced and secured yard, two 100% concrete driveways, drive-around truck access, in addition to 323 parking spaces.

Stream Realty Partners’ Bret Morris represented the buyer. Colliers International’s Tucker Hohenstein and Mike Irwin represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Kohlberg Kravis Roberts & Co.Connect With CapRock PartnersConnect With Stream Realty Partners' MorrisConnect With Colliers International’s Hohenstein

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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