LPC West, in a joint venture with Alcion Ventures, has acquired 7615 Siempre Viva Road, an 86,680-square-foot industrial building in South San Diego just north of the Otay Mesa Port of Entry at the U.S.-Mexico border.
LPC West and Alcion acquired the property in an off-market transaction from an owner-user that focuses on the production and distribution of canvas artwork. The seller has owned and occupied the building since it was developed in 2003. Following the acquisition, the company will remain in the building as the sole tenant.
“We’re thrilled to acquire 7615 Siempre Viva Road, a best-in-class industrial asset in Otay Mesa. The property is located less than five miles from the U.S.-Mexico border, and will benefit tremendously from nearshoring trends as supply chains continue to evolve,” said Ben Bucci, vice president of LPC West’s San Diego region.
The property is ideally suited to warehousing or distribution uses, with 27.5-foot warehouse clearan
