RPG sells new industrial facility in Carlsbad to L.A. buyer for $44m
RPG, formerly RAF Pacific Group, has sold Vector, a newly constructed 169,825-square-foot class A industrial facility in Carlsbad (San Diego), Calif.
The buyer was 3200 San Fernando, which acquired the premier coastal property for $44 million. Vector is 100 percent leased to two tenants.
“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,” said Aric Starck, vice chairman with Cushman & Wakefield, which represented RPG in the sale. “This transaction also speaks to the ongoing demand for quality industrial investment product in San Diego.”
Located at 2882 Whiptail Loop East on an elevated site with good visibility, Vector was cons