{"id":1004187792,"date":"2017-08-21T08:03:49","date_gmt":"2017-08-21T16:03:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004187792"},"modified":"2022-12-08T10:23:36","modified_gmt":"2022-12-08T18:23:36","slug":"cush-wake-brokers-san-diego-industrial-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cush-wake-brokers-san-diego-industrial-sale\/","title":{"rendered":"Cush &amp; Wake Brokers San Diego Industrial Sale"},"content":{"rendered":"<p>By Ariela Moraru \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/p>\n<div id=\"attachment_1004187794\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004187794\" data-attachment-id=\"1004187794\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-brokers-san-diego-industrial-sale\/5260-anna-ave-san-diego\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg\" data-orig-size=\"1217,931\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Ariela Moraru&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1503317342&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"5260 Anna Ave., San Diego\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;5260 Anna Ave., San Diego&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg?w=1024\" class=\"wp-image-1004187794 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg\" alt=\"5260 Anna Ave., San Diego\" width=\"300\" height=\"229\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg 1217w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg?resize=300,229 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg?resize=768,588 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg?resize=1024,783 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004187794\" class=\"wp-caption-text\">5260 Anna Ave., San Diego<\/p><\/div>\n<p>A Lincoln Property Co. entity, 5260 Anna Ave. LP, acquired a 72,220-square-foot industrial facility in San Diego\u2019s Morena submarket for nearly $11.5 million. Cushman &amp; Wakefield represented both the buyer of the single-tenant property and the seller, Bixby SPE Finance 1 LLC.<\/p>\n<p>Square Peg Packaging and Printing leases the entire 2.3-acre property located at 5260 Anna Ave. The facility comprises 66,395 square feet of warehouse and 5,825 square feet of office space and is suitable for manufacturing, distribution and warehouse uses. The asset features four dock and two grade doors, 53 parking spaces, 16-foot to 30-foot clear heights and a secured fenced yard. Cushman &amp; Wakefield\u2019s Bryce Aberg and Brant Aberg worked on behalf of the buyer, joined by Ryan Spradling to also represent the seller in the deal. Rexford Industrial Realty Inc. also recently disposed of two 373,744-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/rexford-acquires-sells-industrial-properties-in-ca\/\">vacant industrial buildings<\/a>\u00a0two miles away for $40.1 million.<\/p>\n<h2>Tight industrial submarket<\/h2>\n<p>The property is just off Interstate 5 and has easy access to interstates 8, 805 and 15 and Highway 163, as well as retail amenities. The asset is less than a\u00a015-minute drive to San Diego International Airport and Port of San Diego. The Morena industrial submarket reported an overall vacancy of 2.3 percent at mid-year 2017, nearly half Central County\u2019s collective rate of 4.5 percent or San Diego\u2019s countywide vacancy of 5.1 percent, according to Cushman &amp; Wakefield\u2019s latest research report.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Lincoln Property Co. entity nabbed the asset for $11.5 million. The single-tenant property is located in the tight Morena industrial submarket, which has a vacancy rate nearly half the county rate.<\/p>\n","protected":false},"author":960,"featured_media":1004187794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1608,15],"tags":[34896,32838],"class_list":["post-1004187792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-san-diego","category-west","tag-cushman-wakefield","tag-lincoln-property-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cush &amp; Wake Brokers San Diego Industrial Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-brokers-san-diego-industrial-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cush &amp; Wake Brokers San Diego Industrial Sale\" \/>\n<meta property=\"og:description\" content=\"A Lincoln Property Co. entity nabbed the asset for $11.5 million. The single-tenant property is located in the tight Morena industrial submarket, which has a vacancy rate nearly half the county rate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cush-wake-brokers-san-diego-industrial-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-21T16:03:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:23:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/5260-Anna-Ave.-San-Diego.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1217\" \/>\n\t<meta property=\"og:image:height\" content=\"931\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cush-wake-brokers-san-diego-industrial-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cush-wake-brokers-san-diego-industrial-sale\\\/\"},\"author\":{\"name\":\"Ariela Moraru\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/411d261c513cee4c8ccbfb27f5380e0b\"},\"headline\":\"Cush &amp; 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