Lee & Associates – North San Diego County Completes $3.925M Sale of an Industrial Building in San Marcos, CA
San Marcos, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $3.925M sale of a 22,565 square foot industrial building located at 674 Rancheros Drive. The building features a 20,000 square foot paved fenced yard area, 8,000 SF office space, 5 Dock High Doors, and 1 Grade Level Door. Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates – North San Diego County, represented the…
Lee & Associates – North San Diego County Completes $3.9M Sale of Industrial Building in San Marcos, CA
San Marcos, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $3.9M sale of an 18,452 SF industrial building located at 307 E Carmel Street in San Marcos, CA. The building features 30% showroom, 30% office and 40% warehouse with freeway frontage directly on Highway 78. The property, formerly occupied by SoCal Piano was purchased by an investor who leased the facility to Chefs Toys, LLC under…
Lee & Associates – North San Diego County Completes Sale of Multi-Tenant Industrial Building in Escondido, CA
Escondido, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $940,000.00 sale of a 5,400 SF multi-tenant industrial building. The property features four (4) grade level doors, 13’ ceiling clearance and is divided into four (4) 1,350 SF suites. Trent France of Lee & Associates – North San Diego County represented the Seller, Blue Peters Holdings LP. The Buyer, 3 Gen Holdings, LLC, was represented by Kameli…
Lee & Associates – North San Diego County Completes $2.7M Sale of 60 Unit 2-story Townhome Site in Murrieta, CA
Murrieta, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2.7M sale of a 60 unit 2-story townhome site in Murrieta, CA. The 4.64 acre parcel is located on the Southeast corner of Washington Avenue and Lemon Street. The Final Map is recorded. The site is partially improved with some grading, streets, water, sewer, curbs, and gutters installed over 10 years ago. The property was in escrow…
Net Lease Investments: Understanding the Retail Pharmacy Sector
The Retail Pharmacy Sector The Retail Pharmacy sector has been a safe and solid investment for investors and 1031 exchange buyers for many years. The two companies dominating the retail pharmacy investments are Walgreens (NYSE: WBA) and CVS Pharmacy (NYSE: CVS). Walgreens and CVS both have investment-grade credit rating of BBB. These companies have both been very active with mergers, acquisitions in an effort to enhance their stance in the pharmacy sector. Just last year,…
Lee & Associates – North San Diego County Completes Sale of Mixed Use Land in Solana Beach, CA
Solana Beach, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $9.425M sale of 1.91 acres of mixed use land located at the Northwest corner of S Coast Hwy 101 & Dahlia Dr in Solana Beach, CA. The property is within walking distance to Fletcher Cove, Cedros Avenue, and the Del Mar Race Track. The site is known as Solana 101 and was entitled by Zephyr Partners…
Lee & Associates – North San Diego County Completes Sale of Industrial building in Vista, CA
Vista, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $14M sale of a freestanding industrial building located in the Oak Ridge Business Center at 1125 Joshua Way in Vista, CA. The building is situated on 4.75 acres (206,926 SF), the project totals 77,736 square feet, with 21,359 sf lease at the time of the sale. The buyer intends to occupy the remaining 56,377 sf. The project…