Rancho Bernardo Vista is a 142,000 SF Class A, newly constructed, infill industrial building 100% leased to the largest e-commerce company in the world.  The asset is located in the coveted Rancho Bernardo submarket of San Diego, California with co-tenancy of many of the world’s largest technology and defense firms including Amazon, Apple, Sony, HP, Northrop Grumman and General Atomics.

• Purchased a 141,518 SF Class A, newly constructed infill industrial building in the Rancho Bernardo submarket of San Diego, California, in an off-market transaction for $50M ($353/SF) and a 4.00% cap rate in February 2021
• Trophy / core asset, 100% leased upon closing to investment grade credit tenant and the largest e-commerce company in the world, Amazon (NASDAQ: AMZN | S&P AA-) through December 31, 2030
• Located in one of San Diego’s strongest and fastest-growing submarkets with world-class corporate neighbors such as HP, Sony, Northrup Grumman, General Atomics and Apple, who acquired a 68-acre office campus for $445M in 2022 and announced plans to hire 5,000 workers locally by 2026
• Institutional-quality industrial building featuring 32’ clear heights, desirable allocation of 91% low finish warehouse and 9% office, with ample loading and truck courts that, prior to executing lease with Amazon, was highly sought after by credit tenants such as Apple and Home Depot
• Long-term optionality on the 10-acre property which has an allowable floor area (FAR) of 2.0 with no restrictions on its building heights offering future development potential of up to 300,000-400,000 SF of office