LPC West, Crow Holdings Acquire 112,000 SF Distribution Facility in Southern California
CHULA VISTA, CALIF. — A joint venture between LPC West and Crow Holdings Capital has purchased 491 C Street, an industrial distribution building in Chula Vista. Terms of the transaction were not released.
Approximately 62,000 square feet of low-finish warehouse and distribution space is available for lease at the 112,000-square-foot property. The building features ample truck storage, 10 dock positions, a cross-dock appendage with 10 additional dock positions, 24-foot minimum warehouse clearance and two drive-in doors. The building is situated at the axis of State Route 54 and Interstate 5 and offers access to downtown San Diego, the Port of San Diego and the Otay Mesa Port of Entry at the United States and Mexico border.
Ron Bement of Newmark Knight Frank and Syke Cook of Cushman & Wakefield handled the transaction, which marks the first time the property has changed hands since it was developed in 1992.