Lee News

  Greenwood, IN – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2,100,000 sale of a newly constructed retail building occupied by Bank of America. The approximately 4,050-square foot retail building, completed in July this year, is located at 649 State Road 135 in Greenwood, Indiana (Indianapolis MSA). Bank of America’s new 15-year Absolute NNN ground lease commenced in January 2020 and features 10% rent increases every five…

Lemon Grove & Calexico, CA – Matt Weaver and Al Apuzzo of the Lee & Associates North San Diego County Land Team have just closed two land deals! The first is in Lemon Grove located at Palm St & Troy St. This 2.06 acres with expansive views has entitlements for 20 residential lots and was sold to Santee Investment Properties LLC, represented by Bob Stewart. Matt Weaver and Al Apuzzo represented the Seller, Vista Azul…

Oceanside, CA – Rusty Williams SIOR, Chris Roth SIOR and Jake Rubendall of Lee & Associates – NSDC represented the tenant, Pirch, Inc, on the lease for 67,913 square feet located at 1322 Rocky Point Dr. The class A building features 30’ clear height, 14 dock doors, 2 grade level doors, skylights, LED warehouse lights, and K-25 sprinkler system throughout. Ryan Spradling, Greg Lewis and Andy Irwin represented the landlord, EastGroup Properties.

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Poway, CA – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC represented both the Seller, 12150 Flint Place LLC, and the Buyer, Filtrous, Inc, on the sale of 12150 Flint Place. This was an off-market transaction and the Buyer was an owner/user who was attracted to the Poway market. The 13,431 square foot building features approximately 30% high image office, ample power, one grade level door, and a…

San Marcos, CA – Rusty Williams, Chris Roth and Jake Rubendall of Lee & Associates – NSDC represented the Buyer, Nurchez Capital LLC, on this sale located at 1980 Diamond St in San Marcos. The buyer will be occupying the building to operate their outdoor spa and grill business. The building features 2,500 square feet of office, 18’ clear height, electrical service and air distributed throughout, two grade level loading doors, and a secured yard…

Chula Vista, CA – Victor Aquilina of Lee & Associates – NSDC and Brian Bielatowicz of Lee & Associates – Temecula Valley represented the Buyer on the sale of this 8,488 square foot free standing retail building located at 876-880 Broadway in Chula Vista. The Seller represented itself. The property sits on a 31,363 square foot lot and is located at a highly trafficked signalized intersection. The property will be redeveloped into a multi-tenant drive…

Oceanside, CA – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC represented the Buyer, 3927 Oceanic Dr LLC, on the sale of 3927 Oceanic Drive. The seller, Rexford Industrial Realty Inc, was represented by Greg Lewis, Ryan Spradling, and Andy Irwin of JLL. The 54,740 square foot building features 7,022 SF of high-end improvements including two story lobby, restrooms/break areas on both floors, large private offices with views…

Poway, CA – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC represented both the Seller, 12150 Flint Place LLC, and the Buyer, Filtrous, Inc, on the sale of 12150 Flint Place. This was an off-market transaction and the Buyer was an owner/user who was attracted to the Poway market. The 13,431 square foot building features approximately 30% high image office, ample power, one grade level door, and a…