San Ysidro Industrial Park Sells for $15 Million to Los Angeles Investment Firm
In a significant real estate transaction, the Border Commerce Centre, a four-building industrial park in San Ysidro, has been sold for $15 million to Partners capital Inc., a Los angeles-based investment firm. The 69,530-square-foot property, located at 464, 494, adn 524 West Calle Primera and 2325 via Tercero, is fully leased and features 51 suites averaging 1,200 square feet.
The sale was facilitated by CBRE’s Matt Harris and Matt Pourcho, who represented the seller, Border Business Center LLC. According to Pourcho, the seller had initially received an unsolicited offer, but CBRE secured a buyer willing to pay a “significantly higher price.”
“Industrial products remain strong in San Diego,and we only see fundamentals improving,” said Pourcho,an executive vice president at CBRE. “Our access to fast-close private capital continues to pay off for owners looking to sell at a premium.”
The Border Commerce Center is a prime example of the robust demand for industrial properties in Southern california. Ryan adjnasian, vice president of Partners Capital, highlighted the property’s appeal, stating, “Properties of this scale are difficult to come by in Southern California.” He emphasized that factors such as unit size made it an ideal investment.
Officials from Partners Capital also noted that San Diego has long been a key market for the firm. The acquisition underscores the region’s attractiveness to investors seeking stable and high-performing industrial assets.
Below is a summary of the key details of the transaction:
| Detail | Information |
|————————–|——————————————————————————–|
| Property Name | Border Commerce Center |
| Location | 464, 494, 524 West Calle Primera and 2325 Via Tercero, San Ysidro |
| Size | 69,530 square feet |
| Number of Suites | 51 |
| Average Suite Size | 1,200 square feet |
| Sale Price | $15 million |
| Buyer | Partners Capital Inc. |
| Seller | Border Business Center LLC |
| Brokerage Depiction | CBRE’s Matt Harris and Matt Pourcho |
This transaction highlights the continued strength of the industrial real estate market in San diego, driven by high demand and limited supply. For more insights into the region’s real estate trends, visit CBRE’s San Diego office.
The Border Commerce Center stands as a testament to the enduring appeal of well-located industrial properties in Southern California. As the market evolves, transactions like this one will likely continue to shape the landscape of the region’s industrial real estate sector.
San Ysidro Industrial Park Sells for $15 Million too Los Angeles Investment Firm
Table of Contents
In a notable real estate transaction,the Border Commerce Center,a four-building industrial park in San Ysidro,has been acquired for $15 million by partners Capital Inc., a Los Angeles-based investment firm. The 69,530-square-foot property, located at 464, 494, 524 West Calle Primera and 2325 Via Tercero, is fully leased and features 51 suites averaging 1,200 square feet. The sale underscores the robust demand for industrial properties in Southern California and highlights the region’s appeal to investors seeking stable, high-performing assets.
About the Transaction
CBRE’s Matt Harris and Matt Pourcho facilitated the sale,representing the seller,Border Business Center LLC. According to Pourcho, the seller initially received an unsolicited offer but ultimately secured a buyer willing to pay a “considerably higher price.” This transaction highlights the value of well-located industrial properties in the current market.
Industrial Market Strength in San Diego
Matt Pourcho, an executive vice president at CBRE, emphasized the strength of the industrial real estate market in San Diego, stating that fundamentals continue to improve. He also noted that access to fast-close private capital has been a key factor in achieving premium sale prices for property owners.
Why the Border Commerce Center Stands Out
Ryan Adjnassian, vice president of Partners Capital, highlighted the property’s unique appeal, citing its scale and unit size as ideal for investment. “Properties of this scale are difficult to come by in Southern California,” he said, emphasizing the strategic value of the acquisition.
San Diego’s Attractiveness to Investors
Officials from Partners Capital also noted that San Diego has long been a key market for the firm. this acquisition further underscores the region’s attractiveness to investors seeking stable and high-performing industrial assets.
Key Details of the Transaction
| Detail | Details |
|---|---|
| Property Name | Border Commerce Center |
| Location | 464, 494, 524 West Calle Primera and 2325 Via Tercero, San ysidro |
| Size | 69,530 square feet |
| number of Suites | 51 |
| Average Suite size | 1,200 square feet |
| Sale Price | $15 million |
| Buyer | Partners Capital Inc. |
| Seller | Border Business Center LLC |
| Brokerage Firm | CBRE’s Matt Harris and Matt Pourcho |
Conclusion
The sale of the Border Commerce center highlights the enduring appeal of well-located industrial properties in Southern california.With high demand and limited supply, this transaction exemplifies the strength of the industrial real estate market in San Diego. As the market evolves, acquisitions like this one will continue to shape the region’s industrial landscape.
