LPC West & Crow Holdings Capital Purchase Chula Vista Warehouse For Unknown Amount

The industrial distribution building located at 491 C Street in Chula Vista, California, spans a total of 112,000 square feet. Situated at the intersection of State Route 54 and Interstate 5, the property offers various features such as 10 dock positions, a cross-dock appendage with 10 additional dock positions, 24-foot minimum warehouse clearance, and two drive-in doors. Additionally, the building provides ample truck storage and is in close proximity to key locations including downtown San Diego, the Port of San Diego, and the Otay Mesa Port of Entry at the United States and Mexico border. The recent transaction involved a joint venture between LPC West and Crow Holdings Capital.

Summary of transation details:

• Property Type: Warehouse
• Transaction Amount: Not Disclosed
• Address: 491 C St, Chula Vista, CA, 91910
• Market: Chula Vista
• Buyer: LPC West
• Seller: Unknown
• SF: 112,000
• Buyer's Rep: Ronald (Ron) Bement (Newmark)
• Seller's Rep: Syke Cook (Cushman & Wakefield)

The acquisition of 491 C Street marks the first change of ownership for the property since its development in 1992. The deal was facilitated by Ron Bement of Newmark Knight Frank representing the buyer, LPC West, and Syke Cook of Cushman & Wakefield representing the seller. The involvement of these key individuals underscores the strategic importance of the transaction in the Chula Vista industrial real estate market.