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Owner-User Plunks Down $9M for Vista Industrial
CBRE negotiated the sale of a 35,469-square-foot Class A industrial building in Vista for $8.8 million. The firm’s Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk represented the seller, Hana Roads Holdings, LLC. Dangra, Inc., purchased the building and was represented by Sam Sukut at Matthews Real Estate.
“Owner-user demand remains robust in North County,” said Pourcho. “This building was a perfect fit for a company looking to expand and was a great result for all parties.”
Located at 2350 Oak Ridge Way, the building features 25,969 square feet of warehouse space and 9,500 square feet of office space. Built in 1999, it was renovated in 2012, with the addition of a rooftop solar system that fully powers the building.
According to CBRE research, Vista has a 2.7% vacancy rate. The city’s lower vacancy rate can be attributed to its newer and higher-quality business parks.
On May 1, catch the Industry Leaders C-Suite panel at Connect Los Angeles 2024 when Bob Hart, President & CEO of TruAmerica; Kyle Matthews, Founder, Chairman & CEO of Matthews REIS; Bill Frame, CEO and Chairman of the Board of Kidder Mathews; Anthony Graziano, Chairman and CEO of IRR; and moderator Lew Horne of CBRE take the stage. Register now to hear live from these industry leaders.
- ◦Sale/Acquisition
