California + San Diego + Industrial | April 6, 2023

Vertical Ventures Snags 15-Building San Diego Business Park

Cushman & Wakefield has advised the sale of Rose Canyon Business Park, a 15-building, 233,000-square-foot, multi-tenant industrial park in San Diego. San Francisco-based Vertical Ventures acquired the 99.5%-leased asset for an undisclosed amount.

Jeff Chiate, Bryce Aberg, Jeff Cole, Rick Ellison, Mike Adey and Zach Harman of Cushman & Wakefield represented the seller while the firm’s Brant Aberg provided leasing expertise.

“Rose Canyon Business Park is located in one of San Diego’s most sought-after industrial submarkets,” said Bryce Aberg. “The Rose Canyon submarket offers a strategic location that is central to the county’s various residential communities, San Diego International Airport, the Port of San Diego and the extensive amenity base San Diego has to offer.”

Situated on over 38 acres, Rose Canyon Business Park consists of single- and two-story buildings on Morena Boulevard. The property was originally constructed in the 1970’s and 1980’s, but was renovated in the early 2000’s.

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Vertical VenturesCushman & Wakefield's Bryce Aberg

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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