A 129,000-square-foot Poway industrial building has been sold for $35 million.
LPC West in a joint venture with New York Life Investors bought the building on a 7.22-acre site at 13100 Danielson St.
The property has one tenant — Liberty Diversified International.
About 25% of the building is office space.
The building has four loading docks, five additional exterior dock positions and 24-foot clear height.
The deal was brokered by the Williams Roth Group of Lee & Associates North County.
“Even with the rapidly changing debt and equity markets, there is still extremely high demand for well-located and functional assets like 13100 Danielson St.,” said Jake Rubendall, Lee & Associates principal. “Poway is a historically tight submarket with a range of defense, distribution and manufacturing tenants that are vital to the San Diego region.”
