The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 8, 2019
 Search RENTV
   Go!
 Video Programs
 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?



SAN DIEGO NEWS
Printer-friendly Version   Email an Associate
La Jolla Baking Company Buys 24k sf San Diego Area Facility

5/08/19

La Jolla Baking Company has acquired a 24.2k sf industrial facility in San Diego’s Miramar area. The freestanding building, located at 8980 Crestmar Point, sold for $4.98 mil ($206/sf).

La Jolla Baking Company will occupy the entire facility, which sits on a 1.27-acre parcel and consists of approximately 30% office area and 70% warehouse/manufacturing area. The building features good power, dock and grade loading, skylights throughout the warehouse area, and ample parking. There is also a secured yard area.

Cushman & Wakefield’s Brant Aberg, SIOR, and Greg Hooker represented the buyer in the transaction. The seller, Vaust Properties LTD, was repped by Mickey Morera and James Duncan of Kidder Mathews.

Aberg said, “La Jolla Baking will be relocating from another building in Miramar due to their continued growth and need to expand. Their new facility is conveniently located off of Carroll Rd., just a few blocks north of Miramar Rd., midway between Interstates 805 and 15 in Central County.”

He added, “Owner/users looking to control their own real estate remain active in the tightened industrial sector in San Diego, especially for functional, well located small-to-mid size facilities that are in good condition and offer convenient accessibility to service their clients. Our market remains highly competitive for quality industrial product.”

According to Cushman & Wakefield’s latest market report, direct industrial vacancy in Miramar was a mere 2.7% in the first quarter of 2019, while Central County direct industrial vacancy was just 3.4%.





Return to the Archive page


 


 
 
The Foto Finisher

 
 



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 © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media