San Marcos, CA – May 14, 2025 – The Little Dragovic Team at Lee & Associates – North San Diego County has successfully negotiated the sale of a 18,452-square-foot freestanding showroom/flex building located at 307 Carmel Street in San Marcos, California. The property was sold for $6,016,000. Strategically positioned just off Highway 78 with exposure to over 178,000 vehicles per day, the single-tenant building features a desirable mix of 40% showroom, 25% office, and 35%…
Former Consulate Hotel in Point Loma Sold for $17.4M
San Diego, CA – February 21, 2025 – The Former Consulate Hotel, located at 2901 Nimitz Blvd. in San Diego’s Point Loma neighborhood, has been sold for $17,400,000. The 110-room hotel, which includes a bar (ABC 47), restaurant, and amenity space, will be redeveloped into a mix of student and market-rate housing by the buyer, Ambient Communities. The 63,234-square-foot building, situated on 0.90 acres, was originally built in 1971. The transaction closed with entitlements…
7-Unit Apartment Building in North Park Sells for $2,940,000
North Park, CA – December 12, 2024 – Lee & Associates – The Von Bluecher Group – the Lee & Associates San Diego Multifamily team – successfully represented the seller in the North Park Multifamily sale of 3746 31st St, a well-maintained apartment building located just steps from University Avenue and the vibrant 30th Street corridor. Through our strategic multi-phase marketing process, we navigated challenges such as a high-interest rate environment, the property’s age, and three vacancies…
60,000 SF State-of-the-Art Industrial Facility for PODS Completed in Desert Hot Springs, CA
Desert Hot Springs, CA – October 29, 2024 – Team Nicholls Martinez is thrilled to announce the completion of a new, state-of-the-art 60,000 square-foot industrial facility for PODS, strategically located on a 3-acre site at the corner of 19th Avenue and Calle de Los Romos, just north of I-10. This custom, Class-A build-to-suit project is designed to support PODS’ expanding operations with cutting-edge capabilities, setting a new standard for industrial facilities in the region. …
Rare Heavy Industrial Property at Port of West Sacramento Sells for $17.99M
West Sacramento, CA – September 19, 2024 – Lee & Associates is pleased to announce the successful sale of a unique heavy industrial-zoned property at 3961 Channel Drive, West Sacramento. The 23.55-acre site, which features direct access to the Sacramento Deep Water Ship Channel, was sold to Teichert Inc., a prominent construction firm, for $17.99 million under its affiliate, Greencycle Properties LLC. Alex Weiss and Greg Pieratt of Lee & Associates represented the Seller, Yara…
Off-Market Multi-Tenant Industrial Property in Vista Sells for $7,350,000
Vista, CA – September 13, 2024 – Isaac Little and Marko Dragovic of Lee & Associates – NSDC have just negotiated the sale of the Creekview Industrial Park, Vista, for $7,350,000 in an off-market transaction. The 30,866 square foot multitenant industrial park consists of 21 units ranging in size from 900 to 4,000 square feet and was 95% leased at the time of sale. Built in 1994, the project has an average of 10% improved…
37.9 Acres of Industrial Land in Otay Mesa Sells for $58M
Otay Mesa, CA – August 21st, 2024 – Rusty Williams, SIOR, Chris Roth, SIOR, Jake Rubendall, SIOR and Andrew Kenny of Lee & Associates – NSDC as well as Eugene Kim of Lee & Associates LA North/Ventura have just sold 5761 Airway Rd in Otay Mesa, San Diego for $58,000,000 in an off-market transaction, which is the largest land transaction to take place in San Diego in the last 2 years. Totaling approximately 37.9…
59-Unit Multifamily Investment Building in Vista Sold for $14.1M
Vista, CA –August 8, 2024 – Lee & Associates – The Von Bluecher Group, the Multifamily Group of Lee & Associates North San Diego County, represented the seller and repeat client, The Ivicevic Family Trust, in the sale of the Pine View Apartments, a 59-unit multifamily investment in Vista, CA. The sales price was $14,100,000, which equates to $238,983 per unit and $273 per square foot, with an estimated cap rate around 5% and approximately…
On-Market Industrial Building Sells for $2.4M in Vista
Vista, CA, July 18, 2024 – Lee & Associates – North San Diego County (NSDC) Rusty Williams, SIOR, Chris Roth, SIOR, Jake Rubendall, SIOR, and Stephen Crockett of Lee & Associates – NSDC have just sold 1204 Avenida Chelsea in Vista for $2,412,500 in an on-market owner user transaction. The 7,424 square foot single tenant freestanding industrial building is located in the Vista Business Park and features two grade level doors, 18’ clear height,…