“There is a positive synergy among breweries, and they tend to work together as opposed to being overly competitive,” explains Robinson. “We believe that we can leverage this cohesion to attract local brewers to our property.”

The 91,485 square-foot Shadowridge Business Center is comprised of four buildings, including two single-tenant buildings, which are fully leased, as well as two multi-tenant buildings offering suite sizes as small as 1,000 square feet.

Louay Alsadek and Barbara Emmons of CBRE represented SR Commercial as the buyer, and also represented the seller in the transaction.

The property is located at 1930 & 1960 Watson Way and 2025 & 2055 Thibodo Road in Vista,

Creative Space With First-Class Finishes in Carlsbad

SR Commercial also recently acquired a free-standing corporate headquarters flex/R&D property totaling 65,041 square feet in Carlsbad, for a total consideration of $8.725 million.

The property is an especially attractive investment based on its exceptional high-end finishes, according to SR Commercial principal Stos.

“The previous owners invested $3.6 million into the property's interior, resulting in an extremely attractive space that will be in high demand in the Carlsbad submarket,” said Stos, who added that the property's interior was refinished with expansive glass in order to create an open, creative work environment.

“Vacancy in Carlsbad continues to decline, and we anticipate strong leasing interest in this property as the market continues to tighten,” Stos said. “The building's floor plan is efficient, and is divisible for two tenants, however we believe we will be able to lease it to one quality tenant. In addition, parking for this property is above average for the market, offering a ratio of 3.4 spaces per 1,000 square feet.”

The building is in like-new condition, according to Stos, who notes that SR Commercial still plans to touch up the exterior paint and parking lot, and update the landscaping.

Aric Starck of DTZ represented SR Commercial as the buyer and also represented the seller in the transaction.

The property is located at 3193 Lionshead Ave. in Carlsbad.

Rare Industrial Spaces in Escondido

SR Commercial also acquired two free-standing, fully-occupied industrial buildings totaling 17,970 square feet in Escondido, California.

“This is one of those hard-to-find, quality industrial investments that every investor is seeking in the San Diego market,” said Stos. “The buildings are zoned for fenced yards, which is a rare find in this area, and is also a highly desirable attribute in a market that is already experiencing sub-four percent industrial vacancy.”

SR Commercial was able to negotiate a competitive price for the acquisition based on its local broker relationships and its history of strong transactions with the seller, according to Stos.

“We had acquired a separate property from the seller earlier this year, and our work together was very smooth,” explained Stos. “Based on that relationship, we were able to secure a purchase price of $105.73 per square foot. This is well below the market value of $150 per square foot, and represents a significant discount to the property's replacement cost of approximately $175 per square foot.”

Tucker Hohenstein and Mike Erwin of Colliers represented SR Commercial as the buyer, and also represented the seller in the transaction.

The property is located at 240-245 Pauma Place in Escondido.

SR Commercial is a privately held, full-service commercial real estate investment company that acquires, owns and develops income-producing industrial and office properties. The firm, which partners with both high net worth private capital and institutional investors, has acquired 74 properties totaling over two million square feet and more than $275 million in commercial properties since 2011.

With its corporate office in San Diego and the principals' close ties to Orange County and Los Angeles County, SR Commercial has positioned itself as one of the leading real estate investment companies in its markets.