Rose Canyon Business Park

San Diego, CA

Address:   4901-4907 Morena Boulevard

Year Built:   2015

Building SF:   232,000 SF

Acquisition Date:   March 2023

Projected Hold Period:   3.0 Years


Multi-tenant light industrial project comprised of fifteen buildings and 146 individual units
  • With flex industrial properties coming offline and repurposed into different uses in the market there is a clear path to increase rents;
  • Mark-to-market leasing as tenants role to capture significant upside since average in-place rents 30% below market rate at acquisition.
  • Apply condominium map on the property for exit optionality and provide the ability to subdivide allowing for the sale of individual buildings as income producing assets

Overview – Projected Project Level Returns


Projected IRR


Equity Multiple

3.0 Years

Hold Period