Lee & Associates – North San Diego County Completes the $1,650,000 Sale of a 1.74 Acre Industrial Site

San Marcos, Calif.—February 16, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,650,000 sale of a 1.74-acre industrial site in San Marcos. The site, located at 2638 South Santa Fe Avenue, consisted of several warehouse and showroom structures located on a large fenced and paved yard with multiple access points. The property was previously occupied by a granite fabrication and slab yard.

Marko Dragovic, Isaac Little and TJ Donnelly of Lee & Associates – North San Diego County represented the seller, Bruno DeAngelis. The buyer, GRL Property Management, was represented by Andy Melzer of Cushman and Wakefield and Ed Engle of Asset Management Specialists.

“This property is excellently positioned, near three major highways and interstates, perfect for a company in need of a large yard property. The owner took advantage of the current demand for these types of properties and sold the property at a peak price,” explained Dragovic.

“In addition to its prime location, the site also included added income from a cell tower which is situated on the property,” noted Dragovic. “At the time of the sale, the tower had a new five-year lease in place with two options to extend, providing hands-free passive income for the buyer.”

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About Lee & Associates

Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With almost 900 brokers, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, national and international level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.