Poway, CA – November 1, 2022 – Jake Rubendall, Rusty Williams, SIOR, Chris Roth, SIOR, and of Lee & Associates – NSDC have just sold 13100 Danielson Street in Poway for $35,100,000 in an off-market transaction. The approximately 129,910 square foot industrial building is 25 percent office and features four loading docks, five additional exterior dock positions, 24-foot clear height and ample power. It sits on 7.22 acres with secured drive around access. It’s convenient…
Williams Roth Group Sells Single-Tenant Industrial Building in Poway for $11M
Poway, CA – October 25, 2022 – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC have just sold 13535 Danielson Street in Poway in an off-market transaction. This approximately 30,667 square foot freestanding single-tenant industrial building is fully temperature-controlled and features two dock high doors, one grade level door, and a 26’ clear height. The Williams Roth Group of Lee & Associates North San Diego County represented the…
Lee Land Team Sells a 600+ lot Development Valley Center CA
Lee & Associates, a nationwide leader in commercial real estate services, and the Lee Land Team, announce the $6.3M sale of an 84.7-acre site in Valley Center CA. The property is located Valley Center Rd. and Cole Grade Rd. in Valley Center CA, and is zoned for up to 611 residential lots. Matt Weaver, Patrick Miller, Al Apuzzo and Alex Bentley represented both the Seller, Weston – Valley Center LLC and the Buyer, Indian Creek…
The Inventory Issue
March 24, 2022 | Alex Weiss Lee & Associates, Inc. – North San Diego County A former manager of mine used to refer to the commercial real estate business as “Mr. Toads Wild Ride.” It was a phrase that described the unpredictability in the industry and to be ready for whatever life throws at us next and to create solutions whenever necessary. The phrase was mainly in context with our own brokerage careers, but it…
38-Unit Multifamily Investment Property in El Cajon Sold for $9M
El Cajon, CA – January 25, 2022 – Lee & Associates Multifamily Advisory Group (MAG) and Eric von Bluecher just completed the sale of 38 Units in El Cajon. The property was well maintained and featured 16, two bed, one bath units, 16, one bed, one bath units, six studios, 31 parking spaces, community pool and laundry room. Eric von Bluecher and the Lee & Associates Marketing Team executed full marketing on the property, generated multiple offers from…
Work From Home: COVID Fad or Long-Term Trend?
January 12, 2022 | Tim Gosselin – Principal | Lee & Associates North San Diego County
Here Today and Gone Tomorrow
The Industrial sector is the new “Park Place” on the Monopoly board. Who survived and thrived during and post-pandemic? Answer: construction supplies, Amazon. fabricators, tile, marble, granite, and woodworkers, and all associated construction suppliers are struggling to meet customer demand and are expanding. Essentially the wholesale sector and supply chain vendors who line the shelves and bays at the likes of Home Depot. It’s these companies and business segments that are the big winners right…
2021 Q1 North America Market Report
INDUSTRIAL OVERVIEW: CONSTRUCTION SETS RECORD, GROWTH CONTINUES Strong tenant expansion continued in the first quarter as developers were underway on a historic volume of new projects while the pace of rent increases downshifted slightly. Net absorption totaled 73,987,060 SF in the first quarter, bringing the aggregate for the last four quarters since the lockdown to 252.3 million SF the most since 2017. Vacancy is projected to remain between 5% and 6%, roughly half of the…