SANTA BARBARA, Calif.—November 14, 2016—A multi-family complex property located at 6503 Pardall Road in Santa Barbara, was purchased for $1,870,000. Lee & Associates Associate Rob Adams, who represented the buyer, negotiated the sales transaction of the 7-unit apartment complex.
Lee & Associates Negotiates Long-Term Lease for California Electric Supply
Lee & Associates Central Coast Negotiates Long-Term Lease for California Electric Supply SANTA MARIA, Calif.—November 14, 2016—The Central Coast offices of Lee & Associates, the largest broker-owned commercial real estate firm in North America, has negotiated a long-term industrial lease for California Electric Supply (CES). Al Segal and Marty Indvik, who are principals in Lee & Associates’ Los Olivos and San Luis Obispo offices respectively, represented CES in negotiating the 10-year lease for…
Lee & Associates Negotiates Downtown Santa Barbara Building Sale
Lee & Associates Negotiates Downtown Santa Barbara Building Sale SANTA BARBARA, Calif.—October 28, 2016—A free-standing, 10,723-square-foot building located in Santa Barbara’s central business district, was sold for $5.3 million. Clarice Clarke and Steve Leider of Lee & Associates Santa Barbara, and Paul Capra of Lee & Associates LA/North Ventura, represented the seller, WAAM LLC. The buyer, Foundation for Santa Barbara City College, represented themselves. Built in 1974 and renovated in 2007-2008, the property is located at…
Multi-Family Project Sells for $5.8 Million
PASO ROBLES, Calif.—October 26, 2016—The Buena Vista Apartments, a 144-unit multifamily complex located at 708-1002 Experimental Station Road in Paso Robles, was sold for $5,805,000. Marty Indvik of Lee & Associates San Luis Obispo and Jim Fisher and Michael Smith of Berkadia, represented the seller, Arjun Buena Vista Properties LLC. The buyer, MBK Rental Living, LLC, represented themselves. The 202,299-square-foot multifamily property is situated on approximately 12.5 acres with 144 units. It is…
Lee & Associates Welcomes Paul Davies
Lee & Associates – Central Coast is pleased to welcome Paul Davies as an Associate specializing in Office and Industrial brokerage. Paul joins us with over 14 years of combined sales, management and commercial real estate experience. Prior to joining Lee, Paul worked with Marcus & Millichap as a commercial office and industrial broker in their San Diego office. During this time, Paul negotiated a commercial portfolio of office, industrial brokerage on behalf of private and large investment groups….
Lee & Associates Negotiates Off-Market Sale Santa Barbara’s Funk Zone
SANTA BARBARA, Calif.—October 4, 2016—A retail property located at 36 E. Montecito Street in Santa Barbara, was purchased at a record-breaking $1,866.67 per square foot. The Lee & Associates Santa Barbara team of Christi Vior, who represented the buyer, 34 East Montecito 2016, LLC, and Rob Adams and Steve Leider, representing the seller Avis Rent A Car, negotiated the sales/leaseback transaction of the 1,350-square-foot property. “This transaction is marked by a record-setting price per-square-foot,” said Adams…
Lee & Associates Ranks No. 1 in Regional Brokerage Ranking
Lee & Associates Ranks No. 1 for 5th Consecutive Year Pacific Coast Business Times has ranked Lee & Associates as the No. 1 Commercial Real Estate firm in the region. This marks the fifth consecutive year Lee & Associates has been recognized as the areas leading Commercial Real Estate provider.
Lee & Associates Negotiates Off-Market Sale in Funk Zone
SANTA BARBARA, Calif.—September 6, 2016—A retail property located at 123 Gray Avenue in Santa Barbara, was purchased at a $1,515,000. The Lee & Associates Santa Barbara team of Natalie Wagner & Clarice Clarke, represented the buyer, in the off-market purchase of the 1,300-square-foot property. The Funk Zone area offers a diversified tenant mix of wineries, art galleries, eclectic restaurant and bars, that continues to attract businesses eager to be in the area. The recently revitalized zone is home…
Lee & Associates Represents Buyer in $6.4 Million Land Sale
SAN LUIS OBISPO, Calif.—August 19, 2016—A 19.6-acre land parcel, which is located at 265 Meissner in San Luis Obispo, was sold for $6.4 million. Marty Indvik of Lee & Associates – San Luis Obispo and Allen Segal of Lee & Associates – Los Olivos, represented the buyer, Meissner Lane SLO LLC. The seller was Henry Myers, who was represented by an outside firm. “The buyer plans to sell off the parcels or pursue build to suits,”…