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,…
19.24 Acres on Rancho California Road in Temecula Wine Country Sold in 9 Days
July 12, 2024, Carlsbad, CA – Lee & Associates, a nationwide leader in commercial real estate services, and the Lee Land Team, announce the sale of a grove & vineyard along Temecula’s renowned Winery Row. The 19.24 acre property, located on Rancho California Road in Temecula, CA sold for $2,700,000. Matt Weaver, Al Apuzzo, Alex Bentley, and Brianna Lehman represented both the Buyer and Seller of the property. The property sold to Bacchus Investment LLC….