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June 14, 2024
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Vista Office Complex Fetches $29 Mil


A two-building, 102.2k sf office property in Vista was purchased by an out-of-town 1031 exchange investor in a $29.4 mil ($287/sf) transaction. The property is located at 3215 and 3225 Executive Ridge, north of San Marcos Blvd and east of Business Park Dr.

The building at 3225 Executive Ridge was built in 2004 to serve as the corporate headquarters for BioFilm Inc, a manufacturer and distributor of healthcare products. Two years following the first building's completion, 3215 Executive Ridge was built for additional warehouse and distribution needs. The firm will continue to occupy the property.

Situated on 2.64 acres, 3225 Executive Ridge totals 44.6k sf and features three loading docks, three grade-level doors and a 28-foot clear height. Thirty-three percent of the building serves as an office area, while the additional 67% serves the company's manufacturing needs.

Totaling 44.6k sf, 3215 Executive Ridge is 71% warehouse and 29% office. It features drive-around truck access to two loading docks and four grade-level doors. The building is equipped with heavy power and fully sprinkled.

The North County location provides easy access to State Route 78, connecting to Interstates 5 and 15 distribution routes. North County's industrial market has remained healthy; CBRE research shows over 2.9 msf of industrial leasing occurred last year.

Matt Pourcho, Anthony DeLorenzo and Matt Harris of CBRE's Investment Properties, alongside CBRE's Roger Carlson and Blake Wilson, represented the seller, DXW LLC, in the transaction. James DeRegt from Lee & Associates repped the buyer.

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