Newly Constructed 169,800 SF Class A Industrial Property 100% Leased
Carlsbad CA— Cushman & Wakefield announced today the firm has represented seller RPG, formerly RAF Pacific Group, in the sale of Vector, a newly constructed 169,825-square-foot Class A industrial facility in Carlsbad (San Diego), California. The buyer was 3200 San Fernando LLC, which acquired the premier coastal property for $44 million. Vector is 100% leased to two tenants.
Aric Starck, Vice Chairman, with Cushman & Wakefield represented RPG in the sale.
Starck said, “Vector is a best-in-class industrial development that, fully leased, presented an ideal stabilized industrial investment with strong in-place rents and well-established tenants.” He added, “Vector was exceptionally designed to accommodate modern industrial tenants, featuring efficient industrial warehouse space complemented by contemporary creative office space and a high-image exterior.”
Starck continued, “This transaction also speaks to the ongoing demand for quality industrial investment product in San Diego.”
Located 2882 Whiptail Loop East on an elevated site with good visibility, Vector was constructed in 2019 and features 30-foot clear heights, heavy power, ample dock and grade loading positions, and extensive glasslines. It also features expansive two-story lobbies, a second-story outdoor deck/break area, and outdoor amenities including fire pits and bocce ball.