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6/26/26
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A 67k sf industrial property in San Marcos was acquired by a private 1031 exchange investor in a $14.5 mil ($216/sf) deal. The property sits on 9.78 acres at 1755 La Costa Meadows Dr, near Bressi Ranch, California State University San Marcos and McClellan-Palomar Airport, the property offers access via State Route 78 and I-5.
The single-tenant property is fully leased to Fluid Components International (FCI), which has occupied the building since its construction in 1981 and uses it as its primary U.S. manufacturing facility.
The property includes a 6.59-acre private park with walking trails, a running brook and open space, a rare amenity for an industrial asset in San Diego County. The building has been well maintained, with recent capital improvements including a new roof installed in 2022 and a resurfaced parking lot.
CBRE’s Matt Pourcho, Anthony DeLorenzo and Rob Gunness represented the private seller, La Costa Meadows LLC. The buyer was repped by Michael Albert of Pacifica Capital and Kelly Betpolice of Kidder Matthews.
The San Marcos and Vista industrial markets continue to experience limited availability, particularly for larger flex buildings. Vacancy for flex industrial buildings above 50k sf in San Marcos is effectively zero, underscoring strong investor demand for assets of this scale.
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