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9/27/24
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In a notable industrial buy from San Diego County, GID Industrial Acquisition purchased Trolley Industrial Center, a 105.5k sf property on over five acres in San Ysidro, for $27.25 mil ($258/sf), The multi-tenant property, located at 1330 30th St, is fully leased to three tenants.
Originally built in the mid-1980s but renovated since, Trolley Industrial Center features functional divisibility with a variety of bay sizes, 24’ clear height, and grade and dock-high loading doors. The property also boasts an optimal location strategically positioned near multiple freeways, including I-5, I-805, SR-905 and SR-125. Additionally, the location has direct access to the U.S./Mexico border points of entry, and several airports, providing unique regional, national and international access.
Cushman & Wakefield’s Bryce Aberg, Jeff Chiate, Jeffrey Cole, Matthew Leupold, and Ryan Demerest of the firm’s National Industrial Advisory Group-West represented the seller, Washington Capital Management, on behalf of their clients.
“Trolley Industrial Center is a strong value-add industrial asset in San Diego’s South County that is 100% leased to a highly diversified tenant mix with investment grade credit. San Ysidro’s positive market fundamentals, including tight vacancy and ongoing rent growth, together with the property’s exceptional maintenance and quality and financial profile, make this a choice industrial investment in one of San Diego’s most sought-after submarkets,” said Aberg.
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