Westcore, a leading industrial real estate acquisition, development and asset management firm, has acquired a 184,541-square-foot, high-finish industrial building for $26.4 million. Westcore purchased the property, located at 2620 Commerce Way in Vista, California from Denver-based Everwest Real Estate Investors.
Hack Adams, managing director at Westcore, says, “San Diego’s North County has limited options for tenants wanting 75,000 to 200,000 square feet of industrial space. With the corporate image and discount to the higher priced markets of central San Diego, I-15 Corridor and Carlsbad, this property, called Vista Commerce, will fill a void for a corporate user looking for functional yet affordably priced industrial space.”
The Vista Commerce property features 14 dock-high doors, six grade-level doors, 27-foot clear height, and ample power. A two-story corporate entry leads to existing office areas. Westcore plans to absorb part of the existing office space into warehouse space and upgrade various exterior and interior areas. Vista Commerce’s all-concrete site also includes a truck yard.
CBRE’s Darla Longo and Rebecca Perlmutter of CBRE represented Everwest in the transaction, while Westcore represented itself. Roger Carlson and Blake Wilson, also with CBRE, will market Vista Commerce, which is well suited for one or two light manufacturing or warehouse users.
Warehouse Image: Dan Kirksey