Carlsbad, Calif.—April 11, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,390,000 sale of a restaurant building located at 12717-12721 Poway Road in Poway.

Victor Aquilina and Mario Martinez of Lee & Associates – North San Diego County represented the buyer, Pho Ca Dao, in the transaction. The seller, Mogavero Giuseppa 1990 Family Trust, was represented by Mickey Roberts of Re/Max Associates.

The acquisition of the 4,800 square-foot freestanding building was part of an expansion effort into Poway for Pho Ca Dao, which operates a chain of Pho Vietnamese restaurants. Pho Ca Dao plans to renovate the current restaurant building to suit their business needs. 

“This was a great opportunity for Pho Ca Dao to penetrate a new market at only $289 per square foot,” explained Martinez. “The freestanding building sits on busy Poway Road and offers great demographics.”

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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.