{"id":1004345711,"date":"2019-08-14T08:17:56","date_gmt":"2019-08-14T16:17:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004345711"},"modified":"2019-08-14T08:17:56","modified_gmt":"2019-08-14T16:17:56","slug":"san-diego-area-industrial-asset-sells-for-7m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/","title":{"rendered":"San Diego-Area Industrial Asset Sells for $7M"},"content":{"rendered":"<div id=\"attachment_1004345714\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004345714\" data-attachment-id=\"1004345714\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/1964_kellogg_main-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS-1D X Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1545459780&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;11&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.6&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"1964_Kellogg_main (1)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1964 Kellogg. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg?w=800\" class=\"wp-image-1004345714 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004345714\" class=\"wp-caption-text\">1964 Kellogg Ave. <em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p><\/div>\n<p>First Industrial Acquisitions II has purchased a 40,831-square-foot Class A industrial facility in Carlsbad, Calif., for $7.3 million. Cushman &amp; Wakefield arranged the sale of the building on behalf of the seller, Gemological Institute of America Inc., whereas the buyer was self-represented. The seller was also the former occupant of the facility, which is currently vacant.<\/p>\n<p>The facility is situated at 1964 Kellogg Ave., adjacent to the McClellan-Palomar Airport and near Interstate 5, which provides easy access to San Diego and the San Diego International Airport. The building occupies 5.5 acres and features dock-high loading and 55 feet column spacing. Additional characteristics of the asset include a gated truck court.<\/p>\n<p>According to a research conducted by Cushman &amp; Wakefield, in San Diego county the industrial vacancy rate is at 4.4 percent. Besides this, the market has also experienced nearly 45 percent overall rent growth since 2013.<\/p>\n<p>Cushman &amp; Wakefield\u2019s Vice Chairman Aric Starck represented the seller. Earlier this year, Starck also brokered <a href=\"https:\/\/www.commercialsearch.com\/news\/raf-pacifica-acquires-60m-north-san-diego-portfolio\/\">the sale of five industrial and office assets in Carlsbad<\/a>, Calif., for a total of $59.6 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &#038; Wakefield arranged the transaction of the 40,831-square-foot facility on behalf of the seller. The buyer was self-represented in the deal. <\/p>\n","protected":false},"author":871,"featured_media":1004345714,"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":[46676,32799],"class_list":["post-1004345711","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-aric-starck","tag-cushman-wakefield"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego-Area Industrial Asset Sells for $7M - 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\/san-diego-area-industrial-asset-sells-for-7m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego-Area Industrial Asset Sells for $7M\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield arranged the transaction of the 40,831-square-foot facility on behalf of the seller. The buyer was self-represented in the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/\" \/>\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=\"2019-08-14T16:17:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/\",\"name\":\"San Diego-Area Industrial Asset Sells for $7M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\",\"datePublished\":\"2019-08-14T16:17:56+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-diego-area-industrial-asset-sells-for-7m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/1964_Kellogg_main-1.jpg\",\"width\":800,\"height\":620,\"caption\":\"1964 Kellogg. 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