La Pacifica industrial park, 3801, 3809, and 3817 Ocean Ranch Boulevard, Oceanside, CA
SAN DIEGO, CA (April 12, 2013) – SR Commercial, a privately
held, full-service commercial real estate investment company, has acquired La
Pacifica, a 230,000 square-foot multi-tenant industrial park located in
Oceanside, Calif. for a total consideration of $19.8 million.
 |
| Adam Robinson |
La Pacifica is located at 3801, 3809, and 3817 Ocean Ranch
Boulevard in Oceanside, Calif.
This acquisition marks the largest industrial transaction in
North San Diego in the 2013 calendar year based on total square footage and
consideration, according to Adam Robinson, a Principal of SR Commercial.
“Quality, for-sale multi-tenant industrial product is scarce
in the current San Diego market, and the competition for these assets is
strong,” says Robinson, who founded SR
Commercial with CJ Stos.
“This is especially
true in North San Diego, where the industrial market continues to grow and
attract manufacturing and distribution tenants. At SR Commercial, we have been able to adapt to this competitive
environment by creating a strong track record of closings in Southern
California.”
 |
| CJ Stos |
Including this most recent acquisition, SR Commercial has
acquired over $50 million in industrial product over the past 12 months,
according to Robinson, who notes that most of these transactions were
off-market deals.
Bob Willingham and Ron King of Cushman &
Wakefield identified the off-market opportunity to purchase La Pacifica, and
represented SR Commercial as the buyer in the transaction.
The seller, Congressman Darrell Issa, U.S. Representative
for California's 49th congressional district, was represented by Aric Stark
and Dennis Visser of Cassidy Turley.
“To compete for this property, the seller was seeking a
buyer who could close all-cash within 45 days, and we were able to do that,”
says Robinson.
For a complete copy of the company’s news release, please
contact:
Jenn Quader / Judith Brower
Brower, Miller &
Cole
(949) 955-7940
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