News

The Retail Pharmacy sector has been considered a “safe” investment sector for investors and 1031 exchange buyers for many years. The two companies dominating the retail pharmacy investments are Walgreens (NYSE: WBA) and CVS Pharmacy (NYSE: CVS). Walgreens and CVS both have investment-grade credit ratings of BBB. These companies have both been very active in strategic mergers, acquisitions, and updating their brick and mortar footprint. This is an effort to grow their market share in…

Cardiff, CA – Al Apuzzo, Patrick Miller and Matt Weaver of Lee & Associates North San Diego County have just sold 0.21 acres of residential land located at 1541 & 1545 San Elijo Ave.  The two lots are approximately 4,600 square feet each custom home lots near the planned Verdi Street Under Crossing and adjacent to the Coastal Rail Trail.  The location features expansive ocean views while maintaining immediate proximity to upscale grocery, restaurants, and…

Pauma Valley, CA – Matt Weaver and Al Apuzzo of Lee & Associates North San Diego County have just sold approximately 140 acres of agricultural land for $5,500,000.00. The ranch is located along Highway 76 adjacent to Casino Pauma. The property features producing citrus and avocado groves with multiple water sources including 8 wells on flat to gently sloping terrain and offers beautiful valley and mountain views. Matt and Al represented the Seller, FRP Properties…

Oceanside, CA – Marko Dragovic, Isaac Little and Tim Moore of Lee & Associates – North San Diego County represented the tenant, M2 Ingredients, Inc, on the lease of a 32,019 square foot freestanding industrial building located at 3977 Ocean Ranch Blvd, Oceanside, CA. The property features 8% newly upgraded office, 5 Grade Level doors, 2 Dock High doors, ESFR sprinkler system throughout, heavy power, and 24’ clear ht. The Landlord, Innovative Development Enterprises, Inc.,…

San Marcos, CA – Matt Weaver and Al Apuzzo of Lee & Associates North San Diego County have just sold 6.24 acres of developmental land entitled and permitted for an office development.  The land is located at 337 E Carmel St and sits adjacent to the Sprinter line near Cal State San Marcos.  The property is located in “Heart of the city Specific Plan Area”.  Matt and Al represented both the Seller, Carmel St LLC,…

Sorrento Mesa, CA – Marko Dragovic and Isaac Little of Lee & Associates – NSDC represented the Buyer, WestPac Wealth Partners, on the sale of this office building located at 5280 Carrol Canyon Rd.  The 32,830 SF, three story office building consists of an attractive creative office space with large floor plans, an impressive bright-entry lobby, exceptional glass-line with canyon views, building-top signage, ample parking, excellent egress/ingress and walkable amenities.  Buyer plans to fully turnkey…

Fontana, CA – Alex Weiss and Greg Pieratt of Lee & Associates – NSDC recently represented the Buyer, Equipment Share, on the sale of 15495 Arrow Route in Fontana, CA.  The Seller, Trautwein Family Trust, was represented by Joseph Paredes of Daum Commercial.  The 27,960 square foot building sits on a 2.13 acre lot and features 1,000 square feet of office space, 21’ warehouse clearance, heavy power, 4 ground level doors, 2 dock high doors,…

Cardiff By The Sea, CA – Matt Weaver and Al Apuzzo of Lee & Associates North San Diego County have just sold a 4,748 SF office building located at 119 Aberdeen Dr.  They represented the Buyer, 119 Aberdeen Drive LLC.  The Seller, 119 Cardiff LLC, was represented by Marc Posthumous or Colliers International.  The subject site is located on the south side of Aberdeen Drive between Newcastle Avenue and San Elijo Avenue and is positioned…