SAN DIEGO, Calif., November 14, 2018 – A freestanding 9,150-square-foot industrial building in Vista (San Diego), California has sold to an owner-user for $1.79 million. Ki’s Kitchens, a privately-owned commercial kitchen company based in North County, acquired the high image property located at 2530 Pioneer Ave. from BS Ventures, LLC. The buyer plans to relocate from its current location in neighboring Carlsbad.
Chris Baumgart and Jeffrey Sallen of Cushman & Wakefield’s San Diego office represented the seller in the transaction.
Baumgart said, “This is a desirable, well positioned building that made for an ideal purchase opportunity for a smaller operator. We generated multiple offers after only actively being on the market less than a month before securing a buyer.”
Sallen added, “Exemplifying the ongoing strong demand and interest for this type of facility in our region, according to our tracking, the $195 price per square foot achieved on this property was higher than any previous owner-user sale on record in Vista for similar buildings.”
Built in 1989 and situated in North San Diego County, 2530 Pioneer is a quality industrial property with recently upgraded interiors. The property features a modernized conference room, private office space and open break room/reception, as well as floor-to-ceiling glass walls, multiple restrooms, motorized grade loading, and a secured fenced yard. The building sits amidst a sea of well-known regional and global local businesses. The property is also proximate to Highway 78.
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