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Friday, Sep 29, 2023
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Former Chula Vista Toys R Us Site Sold

A former Toys R Us store in Chula Vista and adjacent land that was used for parking have been sold in two deals for a combined price of nearly $15.3 million.

Interstate 5 Centre, LLC an affiliate of Kleege Enterprises, was the seller in both transactions.

The company sold the 72,000 square-foot former Toys R Us building at 1002-1008 Industrial Blvd. to 1002 Industrial Blvd. LLC for nearly $10.3 million.

The building is on a 4.9 acre site.

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No brokers were involved in the sale.

Interstate 5 Centre also sold an adjacent 2.9 acre parcel of vacant land for $5 million to WPC-NN CHULA I-5 JV LLC, an affiliate of Wentworth Property Company.

Michael Mossmer of Voit Real Estate Services represented both parties in the vacant land sale.

Real estate reporter Ray Huard may be reached at rhuard@sdbj.com or 858-277-8904.

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