Escondido, CA – Daniel Knoke and Peter Merz of Lee & Associates, Inc – North San Diego County have just completed the sale of 124 S Market Place in Escondido totaling $2,800,000. The 19,525 square foot multi-tenant industrial building Consisted of four suites leased to three tenants with a long rental history in the building. This investment property close proximity to the 78 freeway, the I-5, and the I-15 plus the building amenities attribute to the buildings lease ability. Daniel Knoke and Peter Merz represented both the Buyer, PGP Beach Colony Ltd, and the Seller, Morris Alkin Revocable Trust.

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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.