San Diego, Calif. (January 8, 2018) – A 19,504 square foot industrial building, located at 1221 Liberty Way in Vista, California, has sold for $3,492,000 in an off-market sale. The buyer was a local private investor who was represented in the transaction by Kidder Mathews’ commercial real estate brokers, Joe McDermott and Jeffrey Crocker. The seller was Gieger Court LLC.
“The sale of 1221 Liberty Way was an off-market leased investment transaction,” said Crocker. “There is a great deal of competition for quality industrial properties in today’s market, and investors need to be ready to act quickly when an opportunity is uncovered that aligns with a buyer’s investment strategy,” he said.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $5.6 billion in transactions, manages over 47 million square feet of space, and conducts 1,300 appraisals annually. For more information, visit kiddermathews.com.