A major development project in Oceanside is in the works, on the 152-acre site formerly known as Rancho Del Oro II.
On Jan. 17, Pacific Coast Business Park LLC, a joint venture between the La Jolla-based developer Monarch Group and two Southern California industrial firms, DWO Enterprises of Solana Beach and Guthrie Development Co. of Costa Mesa, announced its purchase of a 124-acre parcel in Oceanside for $28.2 million. The remaining 28 acres of the site were purchased by the Monarch Group for $6.3 million.
Larry Strickland and Shane Strickland at the San Diego office of Lee & Associates, a regional commercial real estate firm, represented both buyers.
According to Larry Strickland, the 124 acres acquired by Pacific Coast will become a master planned business park called Pacific Coast Park, which will include 1.8 million square feet of research-and-development, manufacturing, distribution and office buildings. There will also be a “for sale” program on buildings ranging from 3,000 to 50,000 square feet, in which developers will sell buildings directly to users, as well as a multi-tenant park and a lot-sale program with build-to-suit options, said Strickland.
He said he expects building to begin in April or May. Rancho Santa Fe-based JT Kruer has been contracted to begin the initial work on infrastructure improvements on the property, according to Strickland.
, Heather Bergman