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Thursday, Mar 28, 2024
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Industrial Property Sells for $9 Million in San Marcos

Hager Pacific Properties of Newport Beach has acquired a San Marcos industrial property for $9 million in an all-cash transaction, the company announced.

According to CoStar Group, the seller of the 208,570-square-foot property, at 260 S. Pacific St., was MacDermid Group Inc. of Denver. The property was built on 8.6 acres in 1975.

The buyer and seller were represented by Mike Erwin and Tucker Hohenstein of brokerage company Colliers International, who will also be listing the property for lease.

A Hager Pacific Properties statement said the company plans to complete more than $2 million in renovations, including new roofing, lighting, loading areas, landscaping, offices and floors.

Officials said this is the company’s second San Diego County acquisition, following its earlier purchase of the 180-unit Woodside Apartments in Lakeside.

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