#United States #Oceanside #Food Processing #Hilco Real Estate #Onyx Asset Advisors

Bankruptcy Sale of a Food Processing Facility in San Diego

In a significant opportunity for investors and business owners, Hilco Real Estate Sales, in partnership with Onyx Asset Advisors, is facilitating the bankruptcy sale of a food processing facility located in San Diego. This property, which spans approximately 28,900 square feet, is now open for offers, allowing potential buyers to secure a prime asset in the heart of a bustling commercial area.

Property Details

The facility is situated in the Vista Pacific Business Park, at 2614-16 Temple Heights Drive in Oceanside, California. Constructed in 1988, this one-story building covers an area of approximately 1.28 acres and has undergone remodeling in 2009. Key features of the property include:

• - Seven Loading Docks: Ideal for the logistics and distribution of food products.
• - Ceiling Heights of 19 feet: This offers ample vertical space, accommodating various food processing equipment.
• - Dedicated Parking: The facility includes 43 designated parking stalls, enhancing access for employees and deliveries.
• - Mezzanine Office Space: A 3,200-square-foot office space is available for administrative functions.
• - Heavy-Grade Power Supply: With 1,200 amps of power, the facility can support commercial ovens, mixers, coolers, and more essential food manufacturing equipment.

Currently, a bakery operating within the premises specializes in products like bread, rolls, sandwich buns, and flatbreads, but the facility is versatile and suitable for various food processing, packaging, warehousing, and distribution activities.

Strategic Location

The property's proximity to major transportation routes enhances its appeal significantly. Located near the Vista-Oceanside border, it provides efficient access to State Routes 76 and 78, which directly connect to Interstates 5 and 15. This connectivity allows for streamlined regional distribution across Southern California and beyond.

Additionally, the surrounding environment adds substantial value; the area is rich in retail centers, dining options, and essential services, fortifying the location for operational convenience. The local labor market is robust, with Oceanside hosting around 84,800 individuals in the workforce, a notable percentage of whom are employed in manufacturing and food services.

Demand for Food-Grade Facilities

Experts in the industry highlight the ongoing demand for specialized industrial space in Oceanside and the broader North County area. Jonathan Cuticelli, vice president at Hilco Real Estate Sales, emphasizes that this property meets the key requirements for businesses aiming to scale their production or enhance distribution capabilities. Its prime location provides excellent access to vital Southern California markets, making it highly sought after.

Christian Koulichkov, managing director at Hilco Real Estate Sales, elaborates on the added value of potentially purchasing existing equipment through Onyx Asset Advisors, offering a turnkey solution for immediate operational use or future expansion.

Sale Process and Next Steps

This sale is contingent on the approval of the U.S. Bankruptcy Court for the Southern District of California (San Diego) under Case No. 23-03478-CL11, following the situation of Sadie Rose Baking Co. Interested parties can review the Purchase Sale Agreement available on the Hilco Real Estate Sales website, which contains details regarding the bidding process and terms of sale.

On-site inspections will be conducted by appointment, and bidders should familiarize themselves with the requirements for participation in the sale. For any inquiries, potential bidders can reach out to Christian Koulichkov at (847) 449-7757 or [email protected], or Jonathan Cuticelli at (203) 245-0539 or [email protected].

For detailed information regarding the property, the sale process, and access to due diligence documents, visit Hilco Real Estate Sales or call (855) 755-2300.

Hilco Real Estate Sales is recognized for its expertise in optimizing real estate assets and providing strategic advisory services, solidifying its reputation in the complex landscape of real estate transactions. The trusted team at Hilco has assisted clients in securing significant value in their real estate portfolios over the past two decades.

Onyx Asset Advisors, on the other hand, specializes in asset monetization and advisory services that span various asset classes, making it an essential partner in this transaction.

In conclusion, this is an excellent investment opportunity for those looking to enter or expand within the food processing industry in Southern California. Don't miss your chance to bid on this prime facility.