Owner-User Acquires North San Diego Facility for Record Pricing
A freestanding 9,150-square-foot industrial building in Vista, CA was acquired by Ki’s Kitchens from BS Ventures, LLC for $1.79 million. The privately-owned North County-based commercial kitchen company acquired the high image property located at 2530 Pioneer Ave., and plans to relocate from Carlsbad.
Built in 1989, the asset is a quality industrial property with recently upgraded interiors. It features a modernized conference room, private office space and open break room/reception, as well as floor-to-ceiling glass walls, multiple restrooms, motorized grade loading, and a secured fenced yard.
Cushman & Wakefield’s Chris Baumgart and Jeffrey Sallen represented the seller.
Sallen says, “Exemplifying the ongoing strong demand and interest for this type of facility in our region, according to our tracking, the $195 price per square foot achieved on this property was higher than any previous owner-user sale on record in Vista for similar buildings.”
For comments, questions or concerns, please contact Dennis Kaiser