Partners Capital Snags San Ysidro Industrial Park for $15 Million
Table of Contents
- 1. Partners Capital Snags San Ysidro Industrial Park for $15 Million
- 2. San Diego Industrial Market Heating Up: Partners Capital Makes Key Acquisition
- 3. What other factors besides full occupancy adn strategic location make an industrial property attractive to investors in the San diego market?
- 4. San Diego Industrial Market Heating Up: partners Capital Makes Key Acquisition
San Diego’s thriving industrial market continues to attract investors, evidenced by Partners Capital Inc.’s recent acquisition of the border Commerce Center. The Los Angeles-based firm shelled out $15 million for the fully leased, four-building complex spanning 69,530 square feet.
CBRE’s Matt Harris and Matt Pourcho represented the seller, Border Business Center LLC, navigating a competitive landscape. Despite receiving an initial unsolicited offer, the CBRE team skillfully secured a significantly higher price for the property, located at 464, 494, and 524 West Calle Primera, along with 2325 Via Tercero.
“Industrial properties in San Diego remain incredibly desirable, and we anticipate continued strength in the market,” stated Pourcho, an executive vice president at CBRE. “Having access to quick-closing private capital is invaluable, allowing us to consistently deliver premium outcomes for sellers.”
The Border Commerce Center’s appeal lies in its strategic location and operational efficiency. Fully leased, it boasts 51 individual suites, averaging 1,200 square feet each, catering to a diverse range of businesses. These factors proved irresistible to Partners Capital.
“San diego has long been a strategic market for our firm,” shared Partners Capital officials. Ryan Adjnasian, vice president of Partners Capital, elaborated, “Properties of this size are rare in Southern California. The unit configuration,coupled with its strategic positioning,presents an remarkable investment opportunity.”
This acquisition raises an intriguing question: what other industrial property types might pique investor interest?
San Diego Industrial Market Heating Up: Partners Capital Makes Key Acquisition
The San Diego industrial real estate market is buzzing, and the recent sale of the 69,530-square-foot Border Commerce center for $15 million is a prime example of its continued momentum.Los Angeles-based investment firm Partners Capital Inc. acquired the property, snapping up a highly desirable asset in a competitive market. We sat down with Ryan Adjnasian, Vice President of Partners Capital, to unpack the deal and its implications for San Diego’s industrial sector.
“San Diego’s been on our radar for a while now,” Ryan explained. “We see a thriving economy, especially in the industrial sector. The Border Commerce Center offered a compelling opportunity with its strategic location, full occupancy, and well-sized suites, averaging 1,200 square feet. It ticked a lot of our boxes, especially given the scarcity of larger industrial properties in Southern California,” he added.
The property’s fully leased status played a significant role in Partners Capital’s decision. “Absolutely,” Ryan emphasized. “A fully leased property provides immediate cash flow and minimizes vacancy risk. It also reflects strong underlying demand for industrial space in the area. This aligns perfectly with our investment strategy, which prioritizes stability and consistent returns.”
looking ahead, Partners Capital plans to be a responsible steward of the Border Commerce Center. “Our focus will be on maintaining the high occupancy rate and providing a positive experience for our tenants,” Ryan stated.”We’ll definitely explore potential upgrades and improvements down the line to enhance the property’s value and appeal as market conditions evolve.”
Ryan sees the purchase as a testament to the strength of the San Diego industrial market. “The sale of the Border Commerce Center for $15 million demonstrates the continued strength and resilience of this sector,” he concluded. “High demand for quality industrial space combined with limited new construction points to continued appreciation and strong investment opportunities. It’s an exciting market to be a part of.”
This acquisition raises the question: what other industrial properties will attract significant investment in San Diego in the coming years? Share your thoughts in the comments below.
What other factors besides full occupancy adn strategic location make an industrial property attractive to investors in the San diego market?
San Diego Industrial Market Heating Up: partners Capital Makes Key Acquisition
The San Diego industrial real estate market is buzzing, and the recent sale of the 69,530-square-foot Border Commerce center for $15 million is a prime example of its continued momentum.Los Angeles-based investment firm Partners Capital Inc. acquired the property, snapping up a highly desirable asset in a competitive market. We sat down with Ryan Adjnasian, Vice President of Partners Capital, to unpack the deal and its implications for San Diego’s industrial sector.
“San Diego’s been on our radar for a while now,” Ryan explained. “We see a thriving economy, especially in the industrial sector. The Border Commerce Center offered a compelling opportunity with its strategic location, full occupancy, and well-sized suites, averaging 1,200 square feet. it ticked a lot of our boxes, especially given the scarcity of larger industrial properties in Southern California,” he added.
The property’s fully leased status played a significant role in Partners Capital’s decision. “Absolutely,” Ryan emphasized. “A fully leased property provides immediate cash flow and minimizes vacancy risk.It also reflects strong underlying demand for industrial space in the area. This aligns perfectly with our investment strategy, which prioritizes stability and consistent returns.”
looking ahead, Partners Capital plans to be a responsible steward of the Border Commerce Center.”Our focus will be on maintaining the high occupancy rate and providing a positive experience for our tenants,” Ryan stated.”We’ll definitely explore potential upgrades and improvements down the line to enhance the property’s value and appeal as market conditions evolve.”
Ryan sees the purchase as a testament to the strength of the San Diego industrial market. “The sale of the Border Commerce Center for $15 million demonstrates the continued strength and resilience of this sector,” he concluded. “High demand for quality industrial space combined with limited new construction points to continued appreciation and strong investment opportunities. It’s an exciting market to be a part of.”
This acquisition raises the question: what other industrial properties will attract significant investment in San Diego in the coming years? Share your thoughts in the comments below.
