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The Lee & Associates Q2 2019 industrial, office, and retail market reports are up. Get insight from local market experts from across North America. CLICK HERE.

Buellton, Calif.—January 24, 2019—Lee & Associates has completed the sale of the 126.27 acres land parcel that includes main house, two additional residences and two barns. A new 540 feet well with 10 inch casing was installed in 2017 and test pumped at 1,200 gpm. There are high pressure irrigation lines which serve the entire property. This is a well-located property with commanding 180 degree views of the Santa Ynez River Valley and hills beyond….

Buellton, Calif.—October 23, 2018—Lee & Associates has completed the sale of the 72.72 acres land parcel. This is a flat nearly all usable parcel located adjacent to the Santa Ynez River just west of Buellton. The excellent soils have supported a wide variety of crops over the years. A new 500 gpm well has been installed and would support nearly any farming operation. Property has great views of the river basin and surrounding hillsides. Tom Davidson with…

Santa Barbara Calif. – Aug. 27, 2018 – Lee & Associates has completed a sale of a 10 unit Multifamily Building located at 6597 Trigo Road in Isla Vista which was listed at $3, 000,000. The property was sold to a local investor. Sharif Elseify, Rob Adams and Steve Leider with the Santa Barbara office represented the seller.

Santa Barbara Calif. – Aug. 15, 2018 – Lee & Associates has completed a $2,150,000 sale of a 6,063 square-foot M-1 zoned industrial property located at 116 N. Nopal Street in Santa Barbara. The property consisted of five units and offers a rare mix of smaller sized industrial condominiums with high ceilings and roll-up doors. The property was sold to a local investor in an off market transaction. Sharif Elseify, Christi Vior and Rob Adams with…

SAN LUIS OBISPO, Calif.—Aug. 10, 2018—Lee & Associates has completed a 4,900 square foot sale for two distinct buildings close to Cal Poly University and Sierra Vista Hospital located at 365 Santa Rosa Street in San Luis Obispo. Retail building is 3,800 square foot with upstairs apartment and single family residence on high traffic corridor. President, Marty Indvik with the San Luis Obispo office represented both parties.

Santa Barbara, Calif.—Aug. 7, 2018—Lee & Associates has completed the lease of the 2,034  square-foot retail space located in Santa Barbara waterfront district, at 35 State Street within the Hotel Californian. This historic property reopened as a luxury hotel in September 2017, set on the most desirable location on the Santa Barbara Riviera. Hotel is part of a development known as La Entrada. Tom Davidson with the Los Olivos office represented the tenant, Margerum Wine Company….

Santa Maria, Calif.—July 10, 2018—Lee & Associates has completed the lease of the 23,777 square-foot state of the art Industrial Building located at 3042 Industrial Parkway in Santa Maria. Tom Davidson with the Los Olivos office represented the Landlord and the Tenant, United States Army Corps of Engineers. This commercial building has an excellent loading and 24’ clearance height, includes dock-high and ground level loading.

Santa Maria, Calif. – June 29, 2018 – Lee & Associates has completed a $1, 430,000 sale of 11,700 square-foot industrial building located at 2624 Airpark Drive in Santa Maria. Associate Paul Davies with the Santa Barbara office represented the buyer in the sales transaction. Conception Tile is expanding the business and this new space will serve as their new headquarters. Conception Tile was founded in 1976 by Randal E. Phillips of Lompoc, California. Initially,…