Cushman & Wakefield Represents RPG in Industrial Sale
Cushman & Wakefield has represented RPG in the US$ 44 million sale of the new-build 169,825 sq. ft. industrial Vector facility in Carlsbad, San Diego, California to 3200 San Fernando LLC.
Aric Starck, Vice Chairman of Cushman & Wakefield who represented RPG during the negotiations, says: "Vector is a best-in-class industrial development that, fully leased, presented an ideal stabilized industrial investment with strong in-place rents and well-established tenants.
"Vector was exceptionally designed to accommodate modern industrial tenants, featuring efficient industrial warehouse space complemented by contemporary creative office space and a high-image exterior.
"This transaction also speaks to the ongoing demand for quality industrial investment product in San Diego."
Located at 2882 Whiptail Loop East on an elevated site with good visibility, Vector was constructed in 2019, and features 30ft ceiling clearance, heavy power, ample dock and grade loading positions, and extensive glass lines.
The building is designed with expansive two-story lobbies, a second-story outdoor deck/break area, and outdoor amenities that include fire pits and a bocce ball green (bocce ball is closely related to ball sport, boules).