Hill Properties Acquires 80,900 SQFT Industrial Asset in San Diego for $17.5MM

San Diego, Hill Properties, Via Frontera Business Park, Rancho Bernardo, Xpress Data Inc., Cushman & Wakefield

SAN DIEGO, Calif., January 10, 2022 – San Diego-based Hill Properties has acquired the Via Frontera Business Park, an 80,900-square-foot property comprising two industrial/R&D flex buildings in the suburban submarket of Rancho Bernardo in San Diego, California. The multi-tenant property was 100% leased at the time of sale and sold in an off-market deal for $17.5 million. Hill Properties plans modern improvements to the property’s exterior including signage, landscaping and amenities.

The seller was Xpress Data, Inc., which agreed to leaseback 41,000 square feet of space that it will continue to occupy within the park.

Philip Roberts with Cushman & Wakefield had worked with both parties in the transaction.

“Hill Properties is excited about our acquisition of the Via Frontera Business Park. We have been focused on low-rise, technology-oriented buildings in the I-15 corridor and this project has been on our radar for a long time. We look forward to making the project one of the most well-recognized buildings in the submarket,” said Jason Hill of Hill Properties. 

Spanning the addresses 10965 to 10993 Via Frontera Drive, Via Fontera Business Park consists of two single-story buildings on a single parcel of ±6.21 acres. The property features approximately 16-foot clear height, grade level loading, 3/1000 parking, 100% HVAC, and is fully sprinklered.

The location provides excellent access to I-15, retail amenities and is surrounded by many world class corporate neighbors. The property is also situated in a San Diego Enterprise Zone.

About Hill Properties

Hill Properties is a real estate investment company focused on value-add office and industrial investments in the San Diego region. We were founded in 2001 by Rob Hill – a former investment broker and real estate attorney – who has over 30 years of experience in the local real estate market which has led to extensive relationships with local brokers and property owners. For more information visit https://www.hillproperties.net/