The Future for San Diego Life Science Real Estate
San Diego has firmly installed itself as one of the top life science clusters in the nation while the sector has seen tremendous growth fueled by the pandemic and recent advances in health technology. Investors have accelerated funding to these San Diego biotech and life science related companies which has caused a surplus of demand for space that has outpaced available supply. San Diego’s focus as a life science hub can be attributed to its…
Investment Team Completes $12.56M Sale of CVS Portfolio
Heath, TX/Sandy, UT – Lee & Associates, one of the largest national commercial real estate firms, has completed the nearly $12.3 million investment sale of a 2-property CVS portfolio in Heath, TX (Dallas MSA) and Sandy, UT (Salt Lake City MSA). Both CVS properties had 20+ years remaining on their absolute NNN leases and were originally developed as build to suit projects back in 2015. Each respective property was located on a signalized hard corner…
Lee & Associates – North San Diego County Industrial Team Negotiates a Five-Year Lease Valued at $1,963,000
Vista, CA – April 13th, 2021 – Isaac Little and Marko Dragovic of Lee & Associates – North San Diego County represented the Landlord, Wilco Investments on a lease valued at $1,963,000 for a 31,776 square foot industrial building located at 2750 La Mirada Drive, Vista CA. The freestanding facility features 30% office, 5 Grade Level doors, 3 Dock High doors and a fully fenced and secured yard area. The Tenant, Atwater Supply, Inc., was…
Times They Are A Changing
It’s been a full year since last year’s article titled “What Was and What Is Yet to Come,” and we have experienced some truly amazing happenings in the last 12 months. Last April, COVID-19 had just reared its ugly head and so much was unknown about the virus. Now in March of 2021, we have grown accustomed to stay-at-home ordinances and the shutdown of every business that is not considered to be essential. The continued…
Net Lease Investments: Understanding the Retail Pharmacy Sector
The Retail Pharmacy sector has been considered a “safe” investment sector 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 ratings of BBB. These companies have both been very active in strategic mergers, acquisitions, and updating their brick and mortar footprint. This is an effort to grow their market share in…
Lee & Associates – North San Diego County Sells Fontana Industrial Investment Property For Over $5.2M
Fontana, CA – Alex Weiss and Greg Pieratt of Lee & Associates – NSDC recently represented the Buyer, Equipment Share, on the sale of 15495 Arrow Route in Fontana, CA. The Seller, Trautwein Family Trust, was represented by Joseph Paredes of Daum Commercial. The 27,960 square foot building sits on a 2.13 acre lot and features 1,000 square feet of office space, 21’ warehouse clearance, heavy power, 4 ground level doors, 2 dock high doors,…
Proposition 15 Defeated, California Voters Reject Initiative To Raise Commercial Property Taxes
Election Day 2020 showcased a very close race between the two presidential candidates – Donald Trump and Joe Biden. The final results were 51.3% to Biden and 47% to Trump, but that was not the only thing on the ballot that barely squeezed out a win. On California’s ballot, Prop 15 nearly didn’t pass, with margins similar to that of the presidential race – 48.2% voted for the measure and 51.8% against. Back in 1978,…