A 202,844-square-foot multi-functional industrial asset located at 1 Viper Way in Vista was recently acquired by RPG for $26.1 million. The North County facility was fully vacant at the time of sale.

RPG plans to redevelop the property, repositioning the industrial manufacturing facility to a core industrial buildout by expanding the warehouse area, removing mezzanine and adding extensive dock and grade-level doors to the front of the building. The new buildout will be conducive to e-commerce and distribution-center uses in addition to manufacturing. The facility will feature efficient cross-dock loading, 28-foot clear heights, an ESFR sprinkler system and some office space.

Aric Starck, Bill Cavanagh and Drew Dodds with Cushman & Wakefield represented the seller, Stockbridge, a private equity real estate investment management firm based in San Francisco, in the transaction. Cushman & Wakefield was also hired by RPG to perform project leasing.