Escondido, CA – March 7, 2023 – Lee & Associates - NSDC, a leading commercial real estate firm in San Diego County, has just announced the sale of a 5,600-square-foot concrete block industrial building located at 435 Venture Street in Escondido. This impressive building sits on a 0.31-acre parcel and can be easily divided into two approximately 2,800 SF units, making it a versatile investment.

The Seller, the estate of a longtime client of Lee NSDC, was represented by Trent France of Lee & Associates - NSDC. The buyer, Popoff Living Trust was represented by Jonathan Peacher of Investor Property Management Group.

The building's tenant, Unreal Design, is leasing the space through August 2024, at a below-market rent. The Cap Rate at purchase is 5.3%, making this an attractive investment for the buyer.

"The sale of this property was an excellent opportunity for the buyer to acquire a well-maintained industrial building in a prime location in Escondido," said Trent France. "We were pleased to represent the seller and facilitate a successful transaction for all parties involved."