Industrial Prices Continue to Climb
An industrial facility in Vista, California, has traded hands for a record $217 per square foot.
The North County industrial market has a sub 3% vacancy rate, and the property is currently occupied by Arrow Pipeline, which signed a five-year lease.
JLL North San Diego County team of Chris Baumgart and Steven Field represented the seller, 4S Properties / Saddleback Associates. Rusty William and Chris Roth of Lee & Associates represented the buyer.