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SR Commercial Buys Big From Issa

San Diego
SR Commercial Buys Big From Issa

SR COMMERCIAL LA PACIFICA

In North San Diego's largest industrial acquisition this year to date, SR Commercial bought La Pacifica--a three-building, 230k SF industrial park in Oceanside--from one of the area's Congressional reps: the 49th District's Darrell Issa. (A building with famous parents.) SR paid nearly $20M cash for the property,which was 75% occupied at the time of purchase. (Well, it's hard to keep properties full when you're out legislatingfor conservative causes.) Principal Adam Robinson says a 17k leasesigned during escrow and a 38k SF lease being negotiated with a major retailer will bring the project to 100% occupancy.

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Related Topics: SR Commercial, Darrell Issa