Old Grove LLC Acquires 102,239 SF Industrial Buildings In Vista For $29.4M

CBRE has orchestrated the $29.4 million sale of 3215 and 3225 Executive Ridge in Vista, California, to Old Grove LLC, a 1031 exchange buyer. The industrial property consists of two buildings with a total square footage of 102,239. The sale price equates to a price per square foot of $288. The buildings are occupied by BioFilm, Inc., a healthcare product manufacturer. The property's attractive features, such as stable income, a strong credit tenant, and a prime location, contributed to the high demand in the market.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $29,400,000
• Square Footage: 102,239
• Price per Square Foot: $288
• Address: 3215 & 3225 Executive Ridge, Vista, California
• Market: Vista

The sale of 3215 and 3225 Executive Ridge involved several key individuals and companies. The buyer, Old Grove LLC, completed the transaction through CBRE's representation, specifically Anthony DeLorenzo, Blake Wilson, Matt Harris, Matt Pourcho, and Roger Carlson. On the other hand, DXW LLC was the seller in the deal.