The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 6, 2021
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Realterm Logistics Closes $64 Mil Distribution Buy in Kearny Mesa

11/05/21

Realterm Logistics acquired a newly renovated, 104.5k sf last-mile distribution facility on over 10.5 acres in San Diego’s Kearny Mesa submarket. The firm paid $64.25 mil for the freestanding, Class A building, located at 7995 Armour St, off Kearny Mesa Rd.

Prior to the sale, the seller, Lincoln Property Company, completed significant capital improvements and repositioning of the asset, which was originally built in the 1980s. The single-tenant facility is 100% leased to a global Fortune 50 e-commerce company.

The Class A property features well designed ingress/egress, efficient warehouse and office layouts, dock and grade loading capabilities and ample parking. The facility is positioned along State Route 163 freeway near the Highway 805 interchange, providing seamless access to major thoroughfares located nearby as well as the region’s freeway infrastructure. It is also proximate to the Ports of Los Angeles and Long Beach.

Based in Annapolis, MD, Realterm Logistics is a vertically integrated owner and manager of high flow through (HFT) logistics facilities serving the transportation industry. Bryce Aberg, SIOR, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey, and Zach Harman of Cushman & Wakefield’s National Industrial Advisory Group represented the seller in the transaction.

“Southern California’s industrial/distribution sector remains white hot driven by a multitude of industries including e-commerce. New and/or renovated Class A facilities that are well leased or vacant, remain in high demand by investors due to strong ongoing and future tenant demand,” commented Chiate.





Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media