Just Closed: Oceanside Blvd Expansion
LA JOLLA, CA, March 7, 2025 – Legacy West Partners is excited to announce the expansion of the Oceanside Blvd Industrial Park with the acquisition of five additional industrial buildings. This latest purchase includes an approximately 0.41-acre lot with nearly 5,500 square feet of industrial space, strategically positioned adjacent to the northwest portion of our existing holdings. With this acquisition, Legacy West Partners has consolidated control over a contiguous and more optimally configured section of the block, encompassing over 50,000 square feet of industrial space across three acres. Additionally, the firm holds 40,000 square feet on the adjacent 3.76-acre site south of Oceanside Blvd. Both projects are currently fully occupied, with the newly acquired units anticipated to be leased immediately.
This expansion strengthens our foothold in the Oceanside market, reinforcing our commitment to long-term value creation through both industrial operations and forward-looking development. With deep expertise in real estate investment, asset management, and strategic repositioning, our team excels at unlocking hidden potential in dynamic, evolving markets.
As the City of Oceanside advances its proposed master plan—expected to take effect later this year—our team is poised to help shape the future of this corridor. The plan presents an opportunity to explore the redevelopment of the northern portion of Oceanside Blvd Industrial Park, where we envision a thoughtfully designed, high-quality residential community with nearly 250 apartment units. This development would enhance the area's livability while complementing its industrial foundation. At the same time, we remain committed to our other existing properties on the south side of Oceanside Blvd, ensuring a strong, well-managed environment for industrial tenants to thrive.
This acquisition is a testament to our ability to identify opportunities that drive long-term value. Through strategic site control, market expertise, and a hands-on approach to asset enhancement, we continue to deliver results that align with both investor objectives and community growth. Our partners remain focused on creating lasting value—through industrial excellence today and visionary development for the future.
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