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Avison Young brokers $4.8 million sale of 4.03-acre development opportunity in Vista, CA

Avison Young brokers $4.8 million sale of 4.03-acre development opportunity in Vista, CA 12 Jul 2021

Irvine, CA – Avison Young announced today that it has brokered the $4.8 million sale of a 4.03-acre development opportunity located at 510 and 522 North Avenue in Vista, CA (north San Diego County). The site is entitled for a self-storage facility with RV and boat storage along with on-site parking. The two-story building will also include minimal office space.

Alan Pekarcik, Principal and Chris Smith, Senior Associate who are based in Avison Young’s Irvine office represented the seller, a southern California-based partnership. The buyer was Clear Sky Capital out of Arizona. Stephen Grossman of RE/MAX One Commercial also assisted in marketing of the transaction.

“This transaction reflects a purchase for an entitled self-storage facility and one of the most desirable product types in today’s market,” said Smith. “North San Diego County has witnessed a steady increase in rental rates as well as demand for this property type which will satisfy a demand in the five-mile radius. The buyer has continued to target sites ripe for self-storage development and once completed, this facility will be highly competitive for users.”

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.

Avison Young is a 2021 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 10 consecutive years.

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For more information:

  • Alan Pekarcik ([email protected]), Principal | Capital Markets Group, Irvine, CA: +1 949.757.1595 
  • Chris Smith ([email protected]), Senior Associate | Capital Markets Group, Irvine, CA: +1 949.430.0683