CBRE Facilitates $14.5 Million Sale of Industrial Property in San Marcos, California

CBRE announced the $14.5 million sale of a 66,976-square-foot industrial property at 1755 La Costa Meadows Drive in San Marcos, California.

CBRE’s Matt Pourcho, Anthony DeLorenzo and Rob Gunness represented the private seller La Costa Meadows LLC. The buyer was a private 1031 investor represented by Michael Albert of Pacifica Capital and Kelly Betpolice of Kidder Matthews.

The single-tenant property is fully leased to Fluid Components International (FCI), which has occupied the building since its construction in 1981 and uses it as its primary U.S. manufacturing facility.

“Assets with long-term tenancy and functional improvements continue to attract strong investor interest, particularly in supply-constrained industrial submarkets like North County San Diego,” said Pourcho, Executive Vice President at CBRE. “This property offered stable cash flow and a well-located 9.78-acre site in one of the region’s tightest industrial markets.”

Situated on approximately 9.78 acres, the property includes a 6.59-acre private park with walking trails, a running brook and open space, a rare amenity for an industrial asset in San Diego County. The building has been well maintained, with recent capital improvements including a new roof installed in 2022 and a resurfaced parking lot.

The San Marcos and Vista industrial markets continue to experience limited availability, particularly for larger flex buildings. Vacancy for flex industrial buildings above 50,000 square feet in San Marcos is effectively zero, underscoring strong investor demand for assets of this scale.

Located near Bressi Ranch, California State University San Marcos and McClellan-Palomar Airport, the property offers access via State Route 78 and Interstate 5.