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…
Lee & Associates – North San Diego County Completes $2.7M Sale of 60 Unit 2-story Townhome Site in Murrieta, CA
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 CRE Newsletter | June 2019
Click below to view the interactive Lee & Associates, Inc. – NSDC Newsletter for June 2019. Read the most current CRE highlights, learn what’s happening in our office, explore our new listings and more…
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…
Newsletter | May 2019
Click below to view the interactive Lee & Associates, Inc. – NSDC Newsletter for June 2019. Read the most current CRE highlights, learn what’s happening in our office, explore our new listings and more…
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…
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 $4.5M sale of an approximately 23,500 SF freestanding industrial building located in the Oak Ridge Business Park at 2445 Grand Ave in Vista, CA. The building has approximately 25% newly renovated office space with 75% warehouse area including three grade level loading doors and one dock high loading door. In addition, the property was located on a…
When it Comes to Housing, The Public Deserves Better
California, one of the largest and wealthiest states in the nation, has an ongoing housing shortage of approximately 185,000 homes annually. In the past four years home prices have increased by more than 30% while building permits have declined year over year. Why? Because the cost of what used to be a simple parcel map is more than $100,000. Tract maps, conditional use permits, zone changes, general plan amendments and environmental studies can cost hundreds…