Real Estate Briefly: Hager Pacific Acquires Industrial Property In San Marcos
25 Oct 2015
Newport Beach-based real estate investment firm Hager Pacific Properties has acquired a 208,570-square-foot industrial property at 260 S. Pacific St. in San Marcos. The all-cash transaction was made through Colliers International. The property is HPP’s first acquisition in north San Diego and its second acquisition in San Diego County, the other being the 180-unit Woodside Apartments complex in Lakeside. The new property features multiple loading positions, a fenced 2-acre storage yard and 10,000 amps of power. HPP hopes to complete $2 million in renovations that will include new roofing, lighting, loading, landscaping, offices and floors.