San Diego, CA – Cardinal Industrial and Lee & Associates – North County San Diego completed the sale of an existing industrial facility located at 5150 University Ave. San Diego in early February 2020 for $7,750,000. The 2.18 acre lot is zoned commercial community and has a 38,610 SF Industrial building on it.  Located in the neighborhood of City Heights in San Diego, the property is the home of the San Diego Rescue Mission who will be moving to a new facility.  The buyer plans to redevelop the property into a self-storage facility

Cardinal Industrial – George Hicker and Michael McFarland and Lee & Associates - Matt Weaver and Al Apuzzo represented both the Seller, San Diego Rescue Mission, and the Buyer, University Storage LLC.

ABOUT LEE & ASSOCIATES
Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.