Cushman and Wakefield of San Diego, as exclusive advisor is pleased to present the opportunity to acquire Avenue of Science Center (the “Project”), a best-in-class Project representing one of San Diego’s finest investment opportunities in one of San Diego’s most unique submarkets, Carmel Mountain Ranch. Comprised of a three building flex portfolio, the 107,320 square foot asset features concrete tilt-up construction, well designed ingress/egress, efficient warehouse and office layouts, grade loading capabilities and ample parking. Additionally, the Project is optimally located in the heart of the I-15 corridor near I-15, CA-56 and CA-163 freeways, 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.
The Project is 100% leased to a desirable and highly diversified tenant mix, together providing stable in-place income with attractive lease terms and a well-balanced tenant rollover profile. The offering also provides the potential for value enhancement through the lease-up of upcoming availability, an advantageous position within the San Diego industrial market which continues to experience high tenant demand and strong rent growth. With outstanding quality tenants, prime location and historically strong market fundamentals, the Project represents an extremely rare opportunity to acquire a sizable multi-tenant flex industrial portfolio in the Carmel Mountain Ranch submarket, one of the most desirable flex investment markets in San Diego.
Bryce Aberg (858) 546-5462