Industrial ReportNorth San Diego County
3rd Quarter 2011PREPARED BY:
Adam Molnar
Greg Lewis
Tucker Hohenstein
Mike Erwin
Mike Bench
COLLIERS INTERNATIONAL
5901 Priestly Drive, Suite 100
Carlsbad, CA 92008
Fax 760 438 8925
www.colliers.com/carlsbad
AT A GLANCECARLSBAD
www.colliers.com/carlsbad
Market ConditionsAfter posting four consecutive quarters of positive absorption, Carlsbad’s Industrial/R&D
vacancy rate was dealt a slight blow in Q3 2011 with nearly 300,000 sf of negative
absorption. However, if the layers are peeled back and examined it becomes clear that
the vast majority of this negative activity can be attributed to a very small number of large
buildings. Upper Deck (249,000 sf) and No Fear (65,000 sf) jettisoned their corporate
headquarters facilities in favor of much less space. Other users are taking advantage of
a depressed o ce market and upgrading their corporate image by relocating from highly
parked R&D properties into more traditional o ce space. Examples of this trend include
3E and NTN Buzztime. The most positive segment of the leasing market by far was the
15,000 to 25,000 s.f. range with 5 transactions in 3Q 2011. This is encouraging as this
size range has been fairly stagnant in recent quarters.
There was a slight uptick in sales activity in Q3 with contributions from investors and
owner-users. L.B.A. was able to complete a rare tenant-in-tow transaction by purchasing
the last remaining bank owned building at Raceway Point (64,000 sf). Prana Clothing
originally had this property tied up as an owner-user but then opted to assign the escrow
and sign a long term lease. Other acquisitions included two investment deals on Las
Palmas Drive and an owner-user purchase on Rutherford Road.
Despite a temporary setback in the vacancy rate, expect a more positive conclusion to
2011 with no new construction underway or in the planned stage and signi cant tenant
activity in the market.
MARKET INDICATORS
INDUSTRIAL/R&D VACANCY RATESQ3 2011
Q3 2011 | INDUSTRIAL
CARLSBAD HISTORICAL MARKET TRENDS
11.1%
9.8%
9.2%
16.8%
5.9%
14.5%
12.7%
5.9%
7.1%
10.9%
17.0%
15.1%
0% 5% 10% 15% 20%
North County
Vista
San Marcos
Oceanside
Escondido
Carlsbad
R&D Industrial
INDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
0%
2%
4%
6%
8%
10%
12%
14%
16%
-200
-100
0
100
200
300
400
500
600
700
2003 2004 2005 2006 2007 2008 2009 2010 2011
YTD
Vacancy R
ate
SF (
00
0s)
Net Absorption New Supply Vacancy
CARLSBAD HISTORICAL MARKET TRENDSINDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
Q3 2011
Q42011 (forecast)
VACANCY
NET ABSORPTION
CONSTRUCTION
RENTAL RATE
Ocean
Oceanside
Vista
SanMarcosCarlsbad
Carlsbad
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
1 2261 Rutherford Road Owner User 21,743 $2,032,500 $93.48
2 2151 Las Palmas Drive Investor 31,824 $3,250,000 $102.12
3 2070 Las Palmas Drive Investor 32,555 $3,030,000 $93.08
4 3209 Lionshead Avenue Investor 64,327 $5,775,000 $89.78
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
5 1815 Aston Avenue JetHead Development, Inc. 17,766 36 months $1.29 MG
6 1905 Aston Avenue Ryderz Compound, LLC 19,794 52 months $0.87 NNN
7 6190 Corte del Cedro Photothera, Inc. 20,423 48 months $0.85 NNN
8 5850 El Camino Real Project Walk 22,043 72 months $1.22 MG
9 3209 Lionshead Avenue prAna Clothing 64,327 108 months $0.88 NNN
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
El C
amino R
eal
El C
amino R
eal
El C
amino R
eal
Gateway RdGateway Rd
Whiptail LoopWhiptail Loop
El Camino Real
Cannon Rd
Faraday Ave
Faraday Ave
College B
lvd
College B
lvd
Palom
ar A
irpo
rt R
d
Palom
ar A
irpo
rt R
d
Poinsettia Ave
Poinsettia Ave E
l Fuerte S
t
El F
uerte S
t
Alga Rd
Melrose D
r
Melrose D
r
Poinse
ttia Ave
Arm
ada D
r
Paseo
Del N
orte
Palomar Airport Rd
Aven
ida E
ncin
as
Aviara Pkwy
Busin
ess P
ark Dr
Busin
ess P
ark Dr
Sycamore Ave
Palomar Airport Rd
Palomar Airport Rd
El Fuerte St
El Fuerte St
Faraday AveFaraday Ave
Mel
rose
Dr
Mel
rose
Dr
Loker A
ve
Loker A
ve
Pacif icOcean
Lionshead Ave
Lionshead Ave
McClellan Palomar Airport
McClellan Palomar Airport
VistaC
ity B
oundary
Park Hyatt Aviara Resort
La Costa Resort & Spa
The Crossings at CarlsbadGolf Course
sings badurse
Legoland
Palomar AirportBusiness Park
Palomar AirportBusiness Park
Carlsbad Airport Center
Carlsbad Airport Center
CarlsbadResearchCenter
CarlsbadResearchCenter
Carlsbad Oaks
Carlsbad Oaks
Carlsbad
Oaks North
Carlsbad
Oaks North
Carlsbad RacewayCarlsbad Raceway
Palomar Forum
Palomar Forum
Bressi RanchBressi Ranch
CarlsbadRanch
7
8
9
prepared by ADAM MOLNAR, GREG LEWIS, TUCKER HOHENSTEIN
MIKE ERWIN, MIKE BENCH 760 438 8950
This document has been prepared by Colliers International for advertising and general information only. Colliers
International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party
should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes
all liability for loss and damages arising there from.
AT A GLANCE | Q3 2011 | INDUSTRIAL | CARLSBAD
AT A GLANCEVISTA
www.colliers.com/carlsbad
Market ConditionsRecent leasing by large corporations may be a sign of increasing corporate con dence.
John Deere, Zodiac and DJO Global all signed leases during Q3 for a combined total of
234,000 sf. This is the rst time during 2011 that we have seen this level of demand
from large corporations. While leasing activity improved, there were no building sales
larger than 10,000 sf. Two consecutive quarters of reduced sales activity continues to put
downward pressure on pricing, even though supply is limited.
Lease rates are averaging $0.56 psf per month NNN and have been relatively stable
during 2011. These rates could begin to move higher in 2012 due to dwindling supply.
Companies looking to lease or purchase space larger than 50,000 sf in Vista may be
surprised that there are currently only ve (5) existing opportunities totaling 386,000 sf.
When taking into consideration a company’s speci c clear height, loading and/or o ce
requirements, this list could quickly drop to 1 or 2 viable options. Based on the Q3 gross
absorption rate of 234,000 sf there is approximately six (6) months of supply of buildings
larger than 50,000 sf.
One quarter of positive net absorption is not enough to establish a trend, but is certainly
a welcome move in the right direction. Vacancy decreased from 11% at the end of Q2 to
9.33% at the end of Q3 due to larger user demand. This downward trend in vacancy is
expected to continue through Q4 although at a slower pace.
MARKET INDICATORS
INDUSTRIAL/R&D VACANCY RATESQ3 2011
Q3 2011 | INDUSTRIAL
CARLSBAD HISTORICAL MARKET TRENDS
11.1%
9.8%
9.2%
16.8%
5.9%
14.5%
12.7%
5.9%
7.1%
10.9%
17.0%
15.1%
0% 5% 10% 15% 20%
North County
Vista
San Marcos
Oceanside
Escondido
Carlsbad
R&D Industrial
INDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
CARLSBAD HISTORICAL MARKET TRENDSINDUSTRIAL/R&D VACANCY RATESQ3 2011
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
-200
-100
0
100
200
300
400
500
600
700
2003 2004 2005 2006 2007 2008 2009 2010 2011
YTD
Vacancy R
ate
SF (
00
0s)
Net Absorption New Supply Vacancy
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
Q32011
Q42011 (forecast)
VACANCY
NET ABSORPTION
CONSTRUCTION
RENTAL RATE
Ocean
Oceanside
Vista
SanMarcosCarlsbad
Vista
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
There were no buildings sales larger than 15,000SF during Q3
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
1 2611 Commerce Way Ste B-E Zodiac Pool Systems 104,832 84 months $0.59 NNN
2 990 Joshua Way John Deere 76,000 62 months $0.53 NNN
3 3151 Scott Street DJO Global 53,256 88 months Undisclosed
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
Sycamore Ave
Sycamore Ave
Syc
amor
e Ave
Oleander Ave
eander Ave
Green Oak Rd
Green Oak Rd
Shadowridge Dr
University Dr
La Mirada Dr
La Mirada Dr
Mel
rose
Dr
Mel
rose
Dr
Par
k Cen
ter Dr
Par
k Cen
ter Dr
Lionshead AveLionshead Ave
Palomar Airport R
d
Poin
settia
Ave
Poin
settia
Ave
Shadowridge
Golf Course
Shadowridge
Residential
Business Park D
r
Business Park D
r
Faraday AveFaraday Ave
AT A GLANCE | Q3 2011 | INDUSTRIAL | VISTA
prepared by ADAM MOLNAR, GREG LEWIS, TUCKER HOHENSTEIN
MIKE ERWIN, MIKE BENCH 760 438 8950
This document has been prepared by Colliers International for advertising and general information only. Colliers
International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party
should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes
all liability for loss and damages arising there from.
AT A GLANCEOCEANSIDE
www.colliers.com/carlsbad
Market ConditionsAlthough the Oceanside industrial submarket continues to have the highest vacancy rate
in North County at 16.05%, the good news is that the rate decreased in the third quarter
from 16.83%. This 0.78% reduction is signi cant and a trend that is expected to continue
into 2012.
Users are taking longer to make decisions, and relocating is a time consuming process.
However, tenants and buyers are using the down market to move from leased properties
to owned properties, and are opting for better properties at attractive terms.
Two industrial sales occurred in the quarter. The rst sale was a 19,628 sf user
purchase of a new building at 1338 Rocky Point Drive in the Paci c Coast Business Park.
The buyer will be using the property to warehouse vintage VW auto parts. The second
sale was a user purchase of a 43,500 sf life science lab building located at 4049 Avenida
de la Plata. The seller was Genetech and the buyer was Gilead Sciences from the Bay
Area.
Lease activity was good; 62,720 sf of positive net absorption occurred. Panoramic Doors
leased 12,000 sf for 3½ years at 3265 Production Avenue in the Oceanside Airport Area.
This is a positive sign as the residential service/supply market and subcontractors have
been one of the hardest hit industry sectors in the area.
A signi cant land transaction in Ocean Ranch is in escrow. U.S. Food Service has 28
acres of industrial land under contract with Hamann Construction. This is the largest
piece of contiguous industrial land in the market.
MARKET INDICATORS
INDUSTRIAL/R&D VACANCY RATESQ3 2011
Q3 2011 | INDUSTRIAL
CARLSBAD HISTORICAL MARKET TRENDS
11.1%
9.8%
9.2%
16.8%
5.9%
14.5%
12.7%
5.9%
7.1%
10.9%
17.0%
15.1%
0% 5% 10% 15% 20%
North County
Vista
San Marcos
Oceanside
Escondido
Carlsbad
R&D Industrial
INDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
CARLSBAD HISTORICAL MARKET TRENDSINDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
-400
-200
0
200
400
600
800
2003 2004 2005 2006 2007 2008 2009 2010 2011
YTD
Vacancy R
ate
SF (
00
0s)
Net Absorption New Supply Vacancy
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
Q32011
Q42011 (forecast)
VACANCY
NET ABSORPTION
CONSTRUCTION
RENTAL RATE
Ocean
Oceanside
Vista
SanMarcosCarlsbad
Oceanside
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
1 1338 Rocky Point Drive Owner/User 19,628 SF $1,865,000 $95.02/SF
2 4049 Avenida de la Plata Owner/User 43,500 SF $11,000,000 $252.97/SF
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
3 3265 Production Avenue Panoramic Doors 12,000 SF 42 months $0.50/g
4 4055 Oceanside Blvd Grace Anglican Church 10,964 SF 36 months $0.55/g
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
El CorazonEl Corazon
Ocean Ranch
Plaza Retail
Ocean Ranch
Plaza Retail
Paci c CoastBusiness ParkPaci c CoastBusiness Park
OceanRanchOceanRanch
Rancho Del OroRancho Del Oro
OceansideGateway
OceansideGateway
Sprinter Light
Rail Line
Sprinter Light
Rail Line
Ran
cho D
el O
ro D
r
Ran
cho D
el O
ro D
r
College B
lvd
College B
lvd
Mes
a Dr
Mes
a Dr
Avenida De La PlataAvenida De La Plata
Old Grove Road
Old Grove Road
Ocean
Ranch
Blvd
Ocean
Ranch
Blvd
Nor
th
Ave
Nor
th
Ave
Temple H
eights Dr
Temple H
eights Dr
Avenida D
el Oro
Avenida D
el Oro
Melro
se Dr
Oceanside BlvdOceanside Blvd
Cor
po
rate
Cen
ter D
r
Cor
po
rate
Cen
ter D
r
AT A GLANCE | Q3 2011 | INDUSTRIAL | OCEANSIDE
prepared by ADAM MOLNAR, GREG LEWIS, TUCKER HOHENSTEIN
MIKE ERWIN, MIKE BENCH 760 438 8950
This document has been prepared by Colliers International for advertising and general information only. Colliers
International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party
should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes
all liability for loss and damages arising there from.
EFF RATE
AT A GLANCESAN MARCOS
www.colliers.com/carlsbad
Market ConditionsThe San Marcos Industrial Market had a positive Q3 absorption of approximately 36,000
sf, slightly decreasing vacancy to 8.92%. The positive absorption is mainly attributed to
one large lease and a few small building buyers bene ting from the record low interest
rates and the stabilizing of real estate prices. Although the Year-to-Date absorption is still
a negative 45,000 sf, we should continue to see a positive trend in vacancy as the local
market continues to recover from the signi cant negative impact the economy has had on
local industrial companies since 2008.
There were four industrial building sales during this quarter, and the average price of these
building sales was approximately $100 psf. The largest sale was the 17,600 sf building on
130 Bosstick, which sold for $98 psf.
Lease activity during the 3rd quarter mainly consisted of small multi-tenant transactions
and one large 41,000 sf lease by Teamwork Athletic Apparel at 740 Los Vallecitos.
Currently, there is only one building available larger than 30,000 sf in San Marcos, as
the vacancy is mainly concentrated in the 15,000 sf – 30,000 sf range and multi-tenant
incubator space. The multi-tenant market lease rates continue to have downward pressure
as Landlords provide concessions to ll vacancy as the market recovers.
The limited supply of available large buildings in San Marcos will put upward pressure
on lease rates throughout the North County industrial market. The multi-tenant market
will improve as the overall economy continues to recover, which will encourage local
entrepreneurs to start-up new ventures.
Overall, we should see continued improvement in the vacancy and absorption as no new
speculative industrial inventory is planned or under construction in San Marcos. Moreover,
supply of industrial buildings and land parcels has been reduced by the City’s rezoning of
multiple properties to o ce, housing and retail zones.
MARKET INDICATORS
INDUSTRIAL/R&D VACANCY RATESQ3 2011
Q3 2011 | INDUSTRIAL
CARLSBAD HISTORICAL MARKET TRENDS
11.1%
9.8%
9.2%
16.8%
5.9%
14.5%
12.7%
5.9%
7.1%
10.9%
17.0%
15.1%
0% 5% 10% 15% 20%
North County
Vista
San Marcos
Oceanside
Escondido
Carlsbad
R&D Industrial
INDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
CARLSBAD HISTORICAL MARKET TRENDSINDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
-300
-200
-100
0
100
200
300
2003 2004 2005 2006 2007 2008 2009 2010 2011
YTD
Vacancy R
ate
SF (
00
0s)
Net Absorption New Supply Vacancy
SAN MARCOS HISTORICAL MARKET TRENDS
Q32011
Q42011 (forecast)
VACANCY
NET ABSORPTION
CONSTRUCTION
RENTAL RATE
Ocean
Oceanside
Vista
SanMarcos
Escondido
Carlsbad
San Marcos
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
3 220 Bingham Dr #103/104 R&M Industries 11,550 36 months $0.63 G
4 180 Bosstick Blvd Piercan USA 16,509 84 months $0.76 G
5 740 Los Vallecitos Blvd Teamwork Athletic Apparel 40,962 60 months $0.51 N
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
1 130 Bosstick Blvd Owner User 17,637 $1,730,000 $98.09
2 1011 Rancheros Dr Owner User 10,250 $875,000 $85.37
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
prepared by ADAM MOLNAR, GREG LEWIS, TUCKER HOHENSTEIN
MIKE ERWIN, MIKE BENCH 760 438 8950
This document has been prepared by Colliers International for advertising and general information only. Colliers
International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party
should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes
all liability for loss and damages arising there from.
AT A GLANCE | Q3 2011 | INDUSTRIAL | SAN MARCOS
AT A GLANCEESCONDIDO
www.colliers.com/carlsbad
Market ConditionsEscondido continues to maintain the lowest vacancy rate in the North San Diego County
industrial market at 5.7%. This is up slightly from 5.5% at Q2 2011. The increase in
vacancy is directly attributable to the challenging economy. Escondido’s service and
contracting rms struggle to procure new business. Owners and tenants have adopted a
“wait and see” attitude and are not relocating to larger properties.
Two industrial sales occurred in the quarter which include a 20,000 sf user purchase of
a distressed property for $73.75 psf at 622 South Vinewood; and the City of Escondido
bought a 40,680 sf building at 455 North Quince Street. The seller, Wickline Bedding,
has been a long time manufacturer in Escondido. The City acquired the property as part
of the assemblage of surrounding properties including those on Spruce Street for the
proposed minor league baseball park.
Lease activity was limited but did include the renewal and expansion of Nexsan in the
Enterprise Heights Industrial Park. Nexsan, a hardware and software storage products
rm, grew from 14,000 to 22,000 sf and extended their lease term. COR-O-VAN is
expanding into a new 90,000 sf BTS by Hamann Construction in the Escondido Research
& Technology Center.
Lease rates and sale prices have stabilized and are forecast to increase slightly by the
end of Q1 2012. No new speculative inventory is planned or under construction in
Escondido. The limited supply is positive for the owners of existing buildings.
MARKET INDICATORS
INDUSTRIAL/R&D VACANCY RATESQ3 2011
Q3 2011 | INDUSTRIAL
CARLSBAD HISTORICAL MARKET TRENDS
11.1%
9.8%
9.2%
16.8%
5.9%
14.5%
12.7%
5.9%
7.1%
10.9%
17.0%
15.1%
0% 5% 10% 15% 20%
North County
Vista
San Marcos
Oceanside
Escondido
Carlsbad
R&D Industrial
INDUSTRIAL/R&D VACANCY RATESQ3 2011
VISTA HISTORICAL MARKET TRENDS
OCEANSIDE HISTORICAL MARKET TRENDS SAN MARCOS HISTORICAL MARKET TRENDS
0%
2%
4%
6%
8%
10%
12%
14%
16%
-200
-100
0
100
200
300
400
500
600
700
2003 2004 2005 2006 2007 2008 2009 2010 2011
YTD
Vacancy R
ate
SF (
00
0s)
Net Absorption New Supply Vacancy
ESCONDIDO HISTORICAL MARKET TRENDS
Q32011
Q42011 (forecast)
VACANCY
NET ABSORPTION
CONSTRUCTION
RENTAL RATE
Ocean
SanMarcos
Oceanside
Vista
Escondido
Carlsbad
Escondido
Nor
dahl Roa
d
Nor
dahl Roa
Mission Road
Mission Road
Montiel Rd
Montiel Rd
Auto Park Way
Auto Park Way
Country Club DrCountry Club Dr
Industrial Ave
Industrial Ave
Simpson Way
Simpson Way
Citracado P
kwy
Citracado P
kwy
N A
ndr
ease
n D
rive
N A
ndr
ease
n D
rive
S A
ndr
ease
n D
rive
S A
ndr
ease
n D
rive
Enterprise St
Enterprise St
Val
ley
Par
kway
Val
ley
Par
kway
9th AveAv
Washington Avenue
Washington Avenue
Tulip
St
Tulip
St
Mission Avenue
Mission Avenue
Esco
ndid
o A
ve
Esco
ndid
o A
ve
Cen
ter City P
arkway
Cen
ter City P
arkway
Quin
ce St
Quin
ce St
Rock S
prin
gs R
d
Rock S
prin
gs R
d
PalomarPomeradoHospital
PalomarPomeradoHospital
EscondidoAuto ParkEscondidoAuto Park
Myers Avenue Myers Avenue
Auto Park Way
Auto Park Way
N. H
ale
Ave
nue
N. H
ale
Ave
nue
78
EscondidoResearch
& Tech Center
EscondidoResearch
& Tech Center
## PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
1 622 S. Vinewood Street Owner-user (distressed) 20,000 $1,475,000 $73.75
2 455 N. Quince Street Agency (City of Escondido) 40,680 $4,925,000 $121.07
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
# PROPERTY NAME/ADDRESS BUYER TYPE SIZE SF SALE PRICE PRICE/SF
# PROPERTY NAME/ADDRESS TENANT NAME SIZE SF TERM EFF RATE
3 302 Enterprise Street Nexsan 22,000 12 $0.84 MG
SALES ACTIVITY
LEASING ACTIVITY
TRANSACTION ACTIVITY - Q3 2011
prepared by ADAM MOLNAR, GREG LEWIS, TUCKER HOHENSTEIN
MIKE ERWIN, MIKE BENCH 760 438 8950
This document has been prepared by Colliers International for advertising and general information only. Colliers
International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding
the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party
should undertake their own inquiries as to the accuracy of the information. Colliers International excludes
unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes
all liability for loss and damages arising there from.
AT A GLANCE | Q3 2011 | INDUSTRIAL | ESCONDIDO
Colliers International is the leader in global real estate services, defined by our spirit of enterprise. Through a culture of service excellence, and a shared sense of initiative, we have integrated the resources of real estate specialists worldwide to accelerate the success of our clients, our people and our communities.
We offer a complete range of services to real estate users, owners and investors on a local, regional, national and international basis. The foundation of our service is the strength and depth of our local specialists. Our clients depend on our ability to draw on years of direct local market experience.
CORE SERVICESOur comprehensive portfolio of services includes:
› Brokerage and Agency › Landlord Representation › Tenant Representation
› Corporate Solutions › Investment Services › Project Management › Real Estate Management Services › Valuation and Advisory Services
We offer our core services across a variety of property sectors including:
› Office › Industrial › Retail › Hotel › Multi-Family › Mixed-Use › Land
In addition to these sectors, we provide our clients with a deep level of knowledge within specialized industries such as call centers, law firms, healthcare and more.
Accelerating success.
AT A GLANCE
Colliers International512 offices in 61 countries
$1.5 billion USD in
annual revenue
12,500 employees
979 million* square feet
under management
$59.6 billion USD in
total transaction value
* Together, Colliers International and
FirstService manage 2.2 billion
square feet of property—second-
most in the world.
2011
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