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REIT buys Rivian-leased San Diego-area industrial building

Canadian trust pays $16 million for Vista manufacturing property
The Palomar Corporate Center in Vista, California, is occupied by Rivian under a triple-net lease. (CoStar)
The Palomar Corporate Center in Vista, California, is occupied by Rivian under a triple-net lease. (CoStar)
By Aaron Tamblyn with
CoStar Research
April 3, 2026 | 2:26 P.M.

Automotive Properties REIT acquired a 59,828‑square‑foot industrial manufacturing building in Vista, California, from RAF Pacifica Group for $16 million, or $267 per square foot.

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