The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 1, 2022
 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?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
LBA Logistics Buys San Diego Distribution Facility for $46.3 Mil

11/14/22

LBA Logistics purchased a 131.3k sf infill distribution facility in coastal San Diego for $46.3 mil ($353/sf) in a sale/leaseback deal. Located at 5959 Santa Fe St, the property is in the city’s Pacific Beach area.

Built in 1980, the well-appointed 7.1-acre site has been the primary beverage distribution center for one of the world's largest brewing companies. Its proximity to the I-5 allows convenient access to all of San Diego County.

CBRE's Matt Carlson, Hunter Rowe, Sean Williams, Roger Carlson and the company's National Partners west team members Barbara Perrier and Joe Cesta represented the seller in the transaction. LBA Logistics represented themselves.

"Despite the challenging market dynamics, the sale process was highly competitive with major national and regional players. The depth of bidders is a further testament to the strength of the Central San Diego market and the quality of the asset," said CBRE's Carlson.

Central San Diego's industrial market closed out the third quarter with negative net absorption and, year to date, over 8.7 msf of leasing activity. The strong level of overall activity and tenant demand has driven the direct vacancy rate to a near-historic low of 2.0%.




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 © 2022 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media