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4/02/26
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A 59.8k sf industrial building in Vista has traded hands in a $16 mil transaction, valuing the property at around $267/sf. The building, located at 3280 Corporate View, just north of San Marcos Blvd, is fully leased to electric vehicle manufacturer, Rivian Automotive Inc. It was sold by a venture of RAF Pacifica Group (RPG) and CenterSquare Investment Management.
Rivian had leased the building roughly a year earlier, in the first half of 2025. The freestanding site includes a high image office supported by an open warehouse ideal for production and manufacturing featuring dock and grade level loading, drive around access, 24’ clear height, and heavy power.
Located in the infill industrial market of Vista, the property benefits from its proximity to some of North San Diego County’s most affluent coastal communities including Rancho Santa Fe, La Costa, Encinitas, and Carlsbad. Vista has long been established as a hub for advanced manufacturing, logistics, and research and development users, supported by a highly skilled labor pool and excellent regional connectivity.
Cushman & Wakefield represented the seller in the deal. The buyer was not disclosed. According to C&W, the San Diego industrial market continues to demonstrate resilient fundamentals, with ongoing tenant demand across the region.
“Continued investor and occupier interest in well-located industrial assets in North San Diego County underscores the strength of the region’s fundamentals,” said Adam Robinson, founder and president of RPG. “Properties that combine strong tenancy with access to key transportation and a deep labor pool remain highly desirable for both users and investors.”
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