May 9, 2019
La Jolla Baking Company acquired a 24,228-square-foot industrial facility in San Diego’s Miramar submarket. The freestanding building is located at 8980 Crestmar Point, and sold for $4.98 million. The seller was Vaust Properties, LTD.
The property is situated on a 1.27-acre parcel, and features roughly 30% office area and 70% warehouse/manufacturing area. La Jolla Baking Company plans to occupy the entire facility.
Cushman & Wakefield’s Brant Aberg, SIOR and Greg Hooker represented the buyer. Kidder Mathews’ Mickey Morera and James Duncan advised the seller.
Aberg said, “La Jolla Baking will be relocating from another building in Miramar due to their continued growth and need to expand. Their new facility is conveniently located off of Carroll Rd., just a few blocks north of Miramar Rd., midway between Interstates 805 and 15 in Central County.”
For comments, questions or concerns, please contact Dennis Kaiser