June 11, 2020
RPG, formerly RAF Pacific Group, sold Vector, a newly-constructed 169,825-square-foot Class A industrial facility in Carlsbad for $44 million. The buyer of the 100% leased asset was 3200 San Fernando LLC.
Located at 2882 Whiptail Loop East, on an elevated site with good visibility, Vector was constructed in 2019 and features 30-foot clear heights, heavy power, ample dock and grade loading positions, and extensive glass lines. It also features expansive two-story lobbies, a second-story outdoor deck/break area, and outdoor amenities including fire pits and bocce ball.
Cushman & Wakefield’s Aric Starck, who represented the seller, says, “Vector is a best-in-class industrial development that, fully leased, presented an ideal stabilized industrial investment with strong in-place rents and well-established tenants. Vector was exceptionally designed to accommodate modern industrial tenants, featuring efficient industrial warehouse space complemented by contemporary creative office space and a high-image exterior.”
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Tags: Acquisition, Industrial
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