September 8, 2021 Carlsbad CA – Lee & Associates, a nationwide leader in commercial real estate services, announces the sale of a 542 unit apartment site on Los Alamos Rd in Murrieta CA. The sale was brokered by the Lee Land Team consisting of Matt Weaver, Al Apuzzo and Alex Bentley. The property consists of 24.81 acres and is substantially mass graded. The 542 unit site consists of 2 phases. “There is a lack of…
31 Acre Final Map adjacent to Bedford master plan sells in Corona CA
Carlsbad CA – August 12, 2021 – Lee & Associates, a nationwide leader in commercial real estate services, announces the sale of a 31-acre development within the Bedford Specific Plan in Corona, CA. The sale was brokered by the Lee Land Team consisting of Matt Weaver and Al Apuzzo. The property consists of 17.4 acres that allows for approximately 125 dwelling units with various densities within the specific plan and 11.1 acres in open space….
Multi-Tenant Industrial & Office Park Sells for $9.7M
Carlsbad, CA – August 16, 2021 – Rusty Williams, SIOR, Chris Roth, SIOR, and Jake Rubendall of Lee & Associates – NSDC have just sold 1945-1947 Camino Vida Roble in Carlsbad, a rare multi-tenant industrial and office business park. The sale of the two buildings totaling 53,057 square feet features a 14-suite industrial building and a 17-suite Class B office building that was recently renovated. The Williams Roth Group of Lee & Associates represented the…
11,650 SF Industrial Building Sells in San Marcos
Lee & Associates – North San Diego County announces the sale of 11,650 square-foot, industrial building at 2750 S Santa Fe Ave, CA for $2.59 million, or $222/SF. Trent France and Michael Golden of Lee & Associates – NSDC represented the buyer, Vascan Tile, and Steven Crockett of Lee & Associates – NSDC and Matt Calvet of Kidder Mathews represented the Seller, Gill Gregory Trust. The recently remodeled building is situated one block from the…
High-Water Mark Set for Medical/Office Building Sales in North San Diego County
July 29, 2021 (San Diego, CA) – Lee & Associates – North County San Diego announces the sale of 6,300 square-foot, Class A medical office building at 2010 Cassia Road in Carlsbad, CA for $4.7 million, or $746/SF. James Bengala, Alex Gudim and Selina Sounakhene of the CORE Office Group at Lee & Associates – NCSD represented the seller. The building which completed construction in 2007 is situated at the signalized intersection of El Camino…
103 unit approved town home site sells in Vista CA
July 26, 2021 Carlsbad CA – Lee & Associates, a nationwide leader in commercial real estate services, announces the sale of Green Oak Villas, a fully entitled 103 townhome project in Vista CA. Located on the corner of Green Oak Rd. and Sycamore Ave. in Vista CA the site consists of a fully entitled 2 story townhome site with a grading permit ready to be pulled. “It is rare to have a fully entitled site…
Multifamily Advisory Group Completes Sale of 6-Unit Property in Santa Monica, CA
Santa Monica, CA – Eric von Bluecher, with Lee & Associates-North San Diego County’s Multifamily Advisory Group, has completed the investment sale of a 6-unit multifamily building at 1326 Yale, in Santa Monica, CA. The property featured two vacant units, providing an outstanding value-add investment opportunity for the buyer. The property sold at a cap of 3.55% on current rents and 6.28% cap on market rents, which is the 7th-lowest reported cap rate in Santa…
Industrial Team Negotiates $20.5M Lease
Vista, CA – Lee & Associates – North San Diego County has completed the $20,500,000 lease of a 155,000 square-foot single-tenant industrial building located at 1395 Park Center Drive, Vista CA. The freestanding facility features 20,000 SF of office space (13%), 4 dock high doors, 8 grade level doors and 135,000 SF of warehouse space with 4,000 amps 277/480-volt power. The tenant, M2 Ingredients, signed a long term lease and will use the new facility…
Investment Team Completes $12.56M Sale of CVS Portfolio
Heath, TX/Sandy, UT – Lee & Associates, one of the largest national commercial real estate firms, has completed the nearly $12.3 million investment sale of a 2-property CVS portfolio in Heath, TX (Dallas MSA) and Sandy, UT (Salt Lake City MSA). Both CVS properties had 20+ years remaining on their absolute NNN leases and were originally developed as build to suit projects back in 2015. Each respective property was located on a signalized hard corner…