Cushman and Wakefield of San Diego, as exclusive advisor, is pleased to present the opportunity to acquire 10054 Old Grove Rd (the “Property”), a best-in-class Property representing an excellent investment opportunity in one of San Diego’s most unique industrial submarkets, Scripps Ranch. The 85,824 square foot industrial building features concrete tilt-up construction, well designed ingress/egress, efficient warehouse and office layouts, dock & grade loading capabilities and ample parking. Additionally, the Property is optimally located in the heart of Scripps Ranch near I-15 freeway, providing access throughout San Diego County’s various residential communities, San Diego International Airport, the Port of San Diego and the extensive amenity base San Diego has to offer.
Ownership has just completed an extensive renovation, including a new roof, completely redesigned office area, new drought tolerant landscaping and an updated entry way. The offering provides the potential for immediate value enhancement through the lease-up of the vacancy. With a state-of-the art renovation, prime location and historically strong market fundamentals, the Property represents an extremely rare opportunity to acquire a sizable newly renovated industrial asset in the Scripps Ranch submarket, one of the most desirable investment markets in San Diego.