{"id":1004455720,"date":"2020-06-11T03:50:18","date_gmt":"2020-06-11T11:50:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004455720"},"modified":"2020-06-11T03:50:18","modified_gmt":"2020-06-11T11:50:18","slug":"rpg-pockets-44m-for-san-diego-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/","title":{"rendered":"RPG Pockets $44M for San Diego Industrial Asset"},"content":{"rendered":"
\"\"<\/a>

Vector. Image courtesy of Cushman & Wakefield<\/em><\/p><\/div>\n

RPG, formerly RAF Pacific Group, has sold Vector, a newly constructed, 169,825-square-foot Class A industrial facility<\/a> in Carlsbad, Calif., to 3200 San Fernando LLC for $44 million. The suburban San Diego property is leased to two tenants.<\/p>\n

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READ ALSO<\/strong>: How to Underwrite Real Estate Acquisitions During Volatile Markets<\/a><\/p>\n

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Located at 2882 Whiptail Loop East on an elevated site with good visibility, Vector was constructed in 2019. The property features 30-foot clear heights, heavy power, ample dock and grade loading positions and extensive glasslines, expansive two-story lobbies, a second-story outdoor deck and break area. The property also features outdoor amenities including fire pits and bocce ball.<\/p>\n

Aric Starck, vice chairman with Cushman & Wakefield, represented RPG in the sale. Starck said in prepared remarks the transaction speaks to the ongoing demand for quality industrial investment facilities in San Diego. Calling Vector a \u201cbest-in-class industrial development,\u201d<\/em> Starck noted the fully leased property represented an ideal stabilized industrial investment because of its strong in-place rents and well-established tenants. He also credited RPG for a design that is attractive to modern industrial tenants with contemporary creative office space and a high-image exterior along with efficient industrial warehouse space.<\/p>\n

Industrial, office deal<\/strong><\/h2>\n

Based in Encinitas, Calif., RPG is known for developing and acquiring high-end, state-of-the-art mixed-use, creative office and creative industrial properties in Southern California. In March 2019, RPG acquired five industrial and office assets<\/a> in Carlsbad for $59.6 million in a transaction also brokered by Starck<\/a>. A 67,528-square-foot industrial building at 6305 El Camino Real was among the assets acquired. The property included warehouse, office and R&D space, along with 195 parking stalls. Other industrial assets in that transaction included three properties at the Carlsbad Research Center. The fifth was Avenida Crossing, a newly renovated 68,392-square-foot office campus.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield brokered the sale of the newly constructed, 170,000-square-foot Class A property. <\/p>\n","protected":false},"author":1068,"featured_media":1004455729,"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":[46676,32799,32825],"class_list":["post-1004455720","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","tag-raf-pacifica-group"],"acf":[],"yoast_head":"\nRPG Pockets $44M for San Diego Industrial Asset - 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\/rpg-pockets-44m-for-san-diego-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RPG Pockets $44M for San Diego Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield brokered the sale of the newly constructed, 170,000-square-foot Class A property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/\" \/>\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=\"2020-06-11T11:50:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Vector-Main.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=\"Gail Kalinoski\" \/>\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\/rpg-pockets-44m-for-san-diego-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/\",\"name\":\"RPG Pockets $44M for San Diego Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Vector-Main.jpg\",\"datePublished\":\"2020-06-11T11:50:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rpg-pockets-44m-for-san-diego-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Vector-Main.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Vector-Main.jpg\",\"width\":800,\"height\":620,\"caption\":\"Vector. 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