RPG Sells 60K SF, Rivian-Leased Industrial Asset Near San Diego
A joint venture of RAF Pacifica Group and CenterSquare Investment Management has sold an approximately 60K SF industrial building at 3280 Corporate View in Vista.
The property was fully leased to electric carmaker Rivian, according to a release from the sellers.
The property sold for $16M. The buyer was not disclosed.
RPG and CenterSquare acquired the property in 2022 for approximately $10.8M, property records show.
The North San Diego County property is close to affluent coastal communities including Rancho Santa Fe, La Costa, Encinitas and Carlsbad. Vista is an established hub for advanced manufacturing, logistics, and research and development.
Q4 2025 marked the San Diego industrial market's fourth consecutive quarter of positive net absorption, according to CBRE. The market saw net absorption of 1.4M SF in the full year.
Availability held steady at 9.2% in Q4, the first time in more than eight quarters the overall availability rate did not increase, CBRE found.
Cushman & Wakefield represented RPG and CenterSquare in the transaction.
