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July 25, 2024
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LPC West and Alcion Ventures Buy 87k sf Industrial Building Near U.S. / Mexico Border


LPC West and Alcion Ventures have acquired 7615 Siempre Viva Road, an 86.7k sf industrial building in South San Diego, just north of the Otay Mesa Port of Entry at the U.S.-Mexico border. LPC West is the West Coast arm of national real estate firm Lincoln Property Company.

LPC West and Alcion acquired the property in an off-market transaction from an owner-user that focuses on the production and distribution of canvas artwork. The seller has owned and occupied the building since it was developed in 2003. Following the acquisition, the company will remain in the building as the sole tenant.

The property is ideally suited to warehousing or distribution uses with 27.5-foot warehouse clearance heights, 21 dock-high doors, ample surface parking, and truck parking at the rear. LPC and Alcion are planning a series of capital improvements to the building, including replacing the roof, painting the exterior, and making improvements to parking and truck loading areas.

In addition to its proximity to the border, the property has easy access to the Port of San Diego and the regionís major thoroughfares, including State Routes 905 and 125. The property is easily accessible to both Mexico and Southern Californiaís most active regions including Tijuana, San Diego, Orange County, Riverside and Los Angeles.

Chris Holder and Mark Lewkowitz of Colliers International were involved in brokering the transaction.

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