Realterm buys newly renovated distribution facility in San Diego

Realterm has announced the acquisition of a 104,510-square-foot highly functional industrial distribution facility located at 7995 Armour Street in San Diego. The 10-acre property is 10 miles north of downtown San Diego and has 16 loading positions.

The financial terms and the seller were not disclosed.

The newly renovated facility is located in Kearny Mesa, one of San Diego’s growing industrial submarket. Comprised of one industrial building, the property features concrete tilt-up construction, well-designed ingress/egress, efficient warehouse and office layouts, dock and grade loading capabilities, and ample parking.

“This is a continuation of our strategy to acquire the best final-mile facilities in the top metropolitan areas where market fundamentals are projected to outperform the broader United States,” said Stephen Panos, senior vice president, fund and asset management, Realterm. “It was an attractive offering and a perfect addition to the Realte