LEE & ASSOCIATES NEGOTIATES $1.22 MILLION RETAIL SALES TRANSACTION
SAN LUIS OBISPO, Calif.—September 5, 2007— Senn-Lee & Associates, part of the Lee & Associates group of companies, has closed a $1.22 million sales transaction for a 3,000-square-foot retail building located at 1511 Monterey Street in San Luis Obispo, Calif.
Kaye-T Wing of the Lee & Associates Irvine office and Robert Haupt of Senn-Lee & Associates, represented the Buyer and Seller. The Seller was 1511 Monterey, LLC and the buyer is Vernon and Jan Wilson. The building was home to CALA furniture. The buyer plans to continue operations as a home furnishings retail store.
About Lee & Associates
Celebrating more than 28 years of leadership excellence in commercial real estate, Lee & Associates is one of the largest national commercial real estate providers with regional expertise. As a group of independently owned and operated companies, Lee & Associates currently has 33 offices located in California, Arizona, Nevada, Missouri, Illinois, Michigan, New Jersey, Texas and Wisconsin. Lee & Associates’ clients enjoy a comprehensive range of specialized commercial real estate services including: industrial, office, multifamily and retail property sales and leasing; real estate investment consulting, property acquisition and disposition; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research. Additional information is available at www.lee-associates.com.