News

Des Moines, IA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $7,000,000 sale of an approximately 90,838-square-foot distribution building leased to Keurig Dr Pepper. Constructed in 1992 as a build-to-suit for the tenant, the building sits on an approximately 6.46-acre parcel and is located at 1635 NE 53rd Ave in Des Moines, Iowa. The tenant has occupied 100 percent of the facility since the completion of the…

Chula Vista, CA – James Pieri, Jr., Sr. Vice President of Lee & Associates – North San Diego County negotiated a seven and a half (7.5) year lease totaling over $3.5M in consideration.  Mr. Pieri represented the Landlord, AVG Chula Vista, LLC, and Steve Avoyer of Flocke & Avoyer represented the Tenant, TG The Gym. The property is a freestanding retail building previously housed by 24 Hour Fitness Chula Vista totaling 23,958 SF and is…

Fort Worth, TX – Lee & Associates, one of the largest national commercial real estate firms, has completed the $8,110,000 sale of an approximately 92,450-square-foot distribution building leased to Federal Express Corporation. Constructed in 1998 as a build-to-suit for the tenant, the building sits on an approximately 10.412-acre parcel and is located at 5601 Mark IV Pkwy in Fort Worth, Texas. The building features (11) loading doors expansive parking, and a vehicle maintenance shop with…

Winnfield, LA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $3,350,000 sale of an approximately 19,097-square-foot retail building leased to Tractor Supply Company. Constructed in 2015 as a build-to-suit for the tenant, the building sits on an approximately 4.25-acre parcel and is located at 1805 W Court Street in Winnfield, Louisiana. The site features a 15,000-SF fenced outdoor display area, ample parking, drive-around truck access, and two…

Stevens Point, WI – Lee & Associates, one of the largest national commercial real estate firms, has completed the $1,170,212 (4.70% Cap Rate) investment sale of a property being occupied by Cave Enterprises Operations, LLC dba Burger King. The approximately 3,248-square foot retail building, completed in early 2019 to the specifications of Burger King’s latest prototype facade, is located at 1617 Schofield Avenue in Stevens Point, Wisconsin. It opened for business in July 2019. Burger…

Stevens Point, WI – Lee & Associates, one of the largest national commercial real estate firms, has completed the $882,500 (5.09% Cap Rate) sale of a newly constructed retail building occupied by Ole Real Estate Holdings, LLC dba Taco John’s. The approximately 2,011-square foot retail building, completed in early 2019 to the specifications of Taco John’s latest prototype facade, is located at 1616 Academy Avenue in Stevens Point, Wisconsin. It opened for business in August…

El Cajon, CA – Greg Pieratt and Alex Weiss of Lee & Associates – NSDC represented the tenant, Larson Packaging Holdings Inc, on a ten-year lease.  The Landlord, Hamann Companies, was represented by Mick Toller and Robbie Cornell of Toller Cornell Commercial Real Estate.  The 40,550 SF industrial building is located at 280 Cypress Lane and features 4 GLD, 1 DHD, 22’ clear ceiling height, and heavy power.

  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…