A private investor has acquired an industrial facility in Vista, California, for a record $217 per square foot in the market. The single-tenant, freestanding building totals 10,940 square feet and sold for $2.4 million.

The North County industrial market has a sub 3% vacancy rate, and the property is currently occupied by Arrow Pipeline, which signed a five-year lease.

JLL North San Diego County team of Chris Baumgart and Steven Field represented the seller, 4S Properties / Saddleback Associates. Rusty William and Chris Roth of Lee & Associates represented the buyer.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.