Sagard Real Estate, formerly known as EverWest Real Estate Investors, has purchased an industrial property in the infill Miramar submarket of San Diego. This is the firm’s inaugural investment under a new separate account with a state public pension plan. The financial terms were not disclosed.

The fully occupied building acts as a regional receiving hub for an electric car company.

The property is situated in the Miramar submarket, a key area within Central San Diego known for its blend of service providers, distribution tenants, contractor storage yards, showrooms and traditional manufacturing users. The proximity to Miramar Airbase and high-value housing enhances the site’s appeal, ensuring a steady demand from a wide array of industrial tenants. Furthermore, the Miramar submarket’s trend toward denser, higher-value uses indicates strong future growth potential, potentially leading to higher rent growth and reduced supply, further bolstering the property’s v