Safe Manufacturer Buys Vista Building for $5.56MMonday, August 5, 2013
B Group Holdings LLC, doing business as Brown Safe Manufacturing, has purchased a Vista industrial property for approximately $5.56 million.
A statement from brokerage firm Cushman & Wakefield, which represented the buyer, said the property is at 1081 Poinsettia Ave. The seller was Symphony Asset Pool XIV, represented by Colliers International.
The buyer was occupying the property at the time of the purchase, and exercised an option to purchase 12 months into its initial lease term at a predetermined price.
The 65,002-square-foot facility was built on approximately 3 acres in 2002. It consists of 85 percent industrial space and 15 percent office space.
-- SDBJ Staff Report