Sumit Roy Of Realty Income Acquires Industrial Facility In Poway For $43.3 Million

The transaction involves the sale of a 7.2-acre light industrial and manufacturing facility located at 13100 Danielson Street in Poway. The property was sold for $43,300,000 and has a total square footage of 133,844. It is fully leased to a corrugated packaging manufacturer and is equipped with nine dock-high doors, 11 grade-level doors, and a secure truck court, strategically situated along the Interstate 15 corridor in a tight Central San Diego industrial submarket.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $43,300,000
• Address: 13100 Danielson Street
• Market: Poway
• Asset Size: 7.2 acres
• Square Footage: 133,844
• Price per Square Foot: $324
• Buyer: Sumit Roy - Realty Income
• Brokers: Hunter Rowe, Brian Russell, Mike Longo & Matt Carlson - CBRE

CBRE facilitated the sale and represented Realty Income in the transaction. The property’s features and location within a competitive industrial submarket contributed to the successful acquisition by Sumit Roy.