San Diego/ Real Estate & Development
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Published on April 25, 2024
CBRE Facilitates $8.8 Million Sale of Class A Industrial Building in Vista, CaliforniaSource: Anthony DeLorenzo, Casey Sterk, Matt Harris & Matt Pourcho / CBRE

In the fast-paced world of commercial real estate, a noteworthy transaction took place in Vista, California. Dangra, Inc. paid a cool $8.8 million to seize a prime Class A industrial building. According to CBRE's announcement, the firm facilitated the deal for the 35,469-square-foot space at 2350 Oak Ridge Way.

The acquisition, valued at roughly $248 per square foot, was not just any ordinary transaction. Representing Hana Roads Holdings, LLC, the team from CBRE, including Matt Pourcho, Anthony DeLorenzo, Matt Harris, and Casey Sterk, brought the sale over the finish line. Notably, after CBRE's effective negotiation, the property was wrapped with warehouse and office amenities, signed, sealed, and delivered to its new owner.

Built to impress, the industrial site boasts 25,969 square feet of warehouse space and, for those looking for a touch of corporate gloss, an additional 9,500 square feet of office space. Climbing 24 feet to the skies, its clear height is a towering spectacle, only matched by the state-of-the-art rooftop solar system, which ensures the structure is fully powered by the sun, as reported by Traded.co.

"Owner-user demand remains robust in North County," said Matt Pourcho of CBRE, highlighting the building's allure. "This building was a perfect fit for a company looking to expand and was a great result for all parties," he told CBRE in a statement. The prized property, surrounded by high-quality business parks, sits snug in a city where vacancy rates plummet, currently at 2.7%, according to CBRE research.

Dangra, Inc., eager to place their marker on the Vista map, had Sam Sukut of Matthews Real Estate in their corner, who proved instrumental in the company securing their new commercial foothold. With every square foot of this industrial build reflecting the quality and potential for growth, it's a sure bet that Dangra, Inc. is looking at a bright future beneath the California sun.