July 31, 2020
LPC West, in a JV with Crow Holdings Capital, acquired 491 C St., an industrial distribution building encompassing roughly 112,000 square feet in Chula Vista. The seller and deal value were undisclosed.
The sale represents the first time the property has changed hands since it was developed in 1992. It is situated at the axis of SR-54 and the I-5, and has seamless access to important area landmarks including Downtown San Diego, the Port of San Diego, and the Otay Mesa Port of Entry at the U.S-Mexico border.
LPC West’s Ben Bucci says, “491 C Street is a high-quality, functional industrial asset located in the increasingly tight Chula Vista submarket. Industrial product of this quality and vintage is rare within infill locations, making this investment particularly compelling.”
Bucci recently joined LPC West as VP to help lead acquisition, investment, and deal execution activities in the San Diego region. Bucci previously served at Westcore Properties.
NKF’s Ron Bement and Cushman & Wakefield’s Skye Cook handled the sale.
For comments, questions or concerns, please contact Dennis Kaiser