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December 10, 2017
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SOUTHERN CALIFORNIA NEWS
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Warehouse Property in San Diego’s Rancho Bernardo Area Goes for $334/sf

10/27/17

Realterm Logistics, a Realterm Global Company, acquired Bernardo Mesa Technology Center, a 180.9k sf warehouse property in Rancho Bernardo, for $60.5 mil, or $334/sf. It was sold by a joint venture between Walton Street Capital and Greenlaw Partners.

The property is located at 16550 Via Esprillo, west of Via Del Campo and I-15, and south of Rancho Bernardo Rd. It was 100% leased at the time of sale.

Louay Alsadek, Darla Longo, Barbara Perrier, Michael Kendall and Hunter Rowe of CBRE Capital Markets were the investment advisors in the transaction. Brent Wright of CBRE provided leasing market expertise.

“Single-tenant industrial projects of this size and quality are rare investment opportunities in San Diego,” Alsadek said. “Bernardo Mesa Technology Center generated significant interest from investors given its location in a prominent tech submarket.”

Realterm Logistics is a vertically integrated owner and manager of high flow-through (HFT) logistics facilities serving the transportation industry. Realterm Logistics’ core competencies include proprietary expertise in investment management, property management, construction, design and development, accounting and reporting.




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