Since the summer of 2007, an area in Oceanside has seen developers, financiers and construction crews as a wave of new office and industrial buildings will soon occupy the locale.
The Pacific Coast Business Park is the site of this new development, where 120 acres of land will become the newest breeding ground for local and national firms.
Once the project is complete, the development will include 1.5 million square feet of industrial and office buildings, corporate headquarters and office and industrial condominiums for sale and lease.
The business park will have build-to-suit opportunities for sale and lease at 20,000 square feet to 27,000 square feet on lots up to 20 acres; multitenant condominiums for sale and lease in four buildings totaling 78,000 square feet; medium sized industrial buildings for sale; and land parcels from 1.58 acres for sale and building for sale.
AMB Property Corp., Guthrie Development Co. and DWO Enterprises are the developers of the business park, which is located at the intersection of College Boulevard and Old Globe Road, and Colliers International is in charge of marketing. Lee and Associates is handling leasing.
So far, the first 14 buildings have been completed and will provide 206,875 square feet of office and industrial space.
These buildings are for sale and range between 4,817 and 28,308 square feet, and each feature heights of 18 to 24 feet, electrical supplies of 400 to 800 amps, fire sprinklers and finished office areas. They are scheduled to range in cost from $155 to $185 per square foot.
Construction was completed by KPRS Construction Services Inc. Ware Malcomb provided the architectural design and BHA Inc. performed the civil engineering.
Last September, 6.48 acres were sold to Pacific Marine Credit Union for the construction of a new corporate headquarters for $6.6 million.
The project consists of a two-story, 60,000-square-foot office building that will include a ground floor retail credit union and ATMs. The rest of the building will serve as general and administrative offices for the credit union.
Two other lots also have been sold, including one for the construction of the 11-story, 80,000-square-foot Pacific Coast Medial Center on a 7.88-acre lot, which just started construction, and another for a new Oceanside fire station on a 1.67 lot.
According to Jim Spain, managing director for Colliers International in San Diego, the business park is on schedule and holding up to the demand for these types of office and industrial spaces.
"Although the supply of available employment land in North San Diego County is generally viewed as quite constrained," he said, "the Pacific Coast Business Park offers multiple opportunities to acquire lots or arrange build-to-suit transactions."
Pacific Coast Business Park, which used to be a strawberry field, is part of the industrially designated area within the central portion of the city of Oceanside. The property is located within the Rancho Del Oro Specific Plan area.
As part of this specific plan, the design and development standards for the property were included in Oceanside's Rancho Del Oro Industrial Master Development Plan that stipulates the business park be divided into large parcels, with major streets and infrastructure provided by the master developer, to facilitate buildout with a variety of business park and industrial uses.