Gildred Cos. Acquires La Mirada Business Park In Vista California For $16.1M

The transaction involved the acquisition of La Mirada Business Park, a 76,391-square-foot multi-tenant industrial property located at 975 & 985 Poinsettia Avenue and 2835 La Mirada Drive in Vista, California. This fully occupied property spans 4.4 acres and features six suites with grade-level loading. The transaction was completed for $16.1 million, translating to a price per square foot of $211.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,100,000
• Purchase Square Footage: 76,391
• Price Per Square Foot: $211
• Address: 975 & 985 Poinsettia Avenue; 2835 La Mirada Drive
• Market: Vista, CA
• Acres: 4.4
• Buyer: Gildred Cos.
• Seller: Catesgarb Holdings
• Brokers: Williams Roth Group & Jeff Bethel - Lee & Associates

Lee & Associates represented both the buyer, Gildred Cos., and the seller, Catesgarb Holdings, in this off-market deal, highlighting the involvement of significant brokerage entities in the transaction.