Rare Vista Industrial/Flex Property Nabbed
A one-of-a-kind, multi-tenant industrial building in North San Diego County sold for $3.925 million. Located at 1120 Sycamore Ave. in Vista, CA, the 27,893-square-foot building was acquired by VCJT, LLC. The seller was an affiliate of Banyan Road Capital.
1120 Sycamore Ave. was built in 1986 and completed significant renovations in 2016. The freestanding building is situated on a 2.4-acre parcel.
Lee & Associates’ Isaac Little, Marko Dragovic and TJ Donnelly represented the buyer. Cushman & Wakefield’s Chris Baumgart and Barry Hendler represented the seller, a San Diego investment firm.
Baumgart says, “Approximately 87% leased to eight tenants at time of sale, this unique multi-tenant property offered a diverse tenant profile mix with strong local and national credit.”
For comments, questions or concerns, please contact Dennis Kaiser