|
|
8/20/24
|
Steel Peak has acquired an industrial outdoor storage (IOS) property in Escondido for $3.75 mil. The property, located at 2213 Meyers Ave, features an 8k sf industrial building and large secured fenced yard on 1.69 acres.
The property is located with immediate access to California State Route 78 and Interstate 15, providing convenient access to neighboring communities. It features 18-foot clear height, six oversized ground-level loading doors, abundant power and office space.
“This type of property is in high demand as there is a constant need for a 5k sf – 15k sf warehouse building with over one acre of excess paved yard that is zoned for outdoor storage,” said Pasha Johnson, Steel Peak Principal and Co-Founder. “We are seeing extremely low supply of industrial properties with outdoor storage in San Diego County, especially in North County which serves as a strategic location to service the San Diego, Orange County, and Inland Empire markets.
Earlier this year, the firm acquired a four-building, 12k sf IOS property located on 2.5 acres in El Cajon for $6.3 mil. IOS properties are within a sub-segment of the Industrial asset class that serve the needs of the transportation, logistics, and construction sectors.
According to Blake Rodgers, Steel Peak Principal and Co-Founder, the company plans to lease the property very quickly with minimal improvements. The target tenants are contractors and heavy industrial users that need the zoning that allows for outdoor storage to operate their business.”
Mike Erwin, Tucker Hohenstein, Hank Jenkins of Colliers San Diego resented the buyer and the seller, ACT PROPERTY ACQUISITION PARTNERS II LLC, in the transaction.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
