Lee & Associates – North San Diego County Completes the $3,755,000 Sale of a 31,000 SF Industrial Facility in La Costa Meadows, San Marcos
San Marcos, Calif.—January 5, 2017— Lee & Associates, one of the largest national commercial real estate firms, has completed the $3,755,000 sale of a 31,246 square foot manufacturing and distribution site located at 1880 Diamond Street, within the La Costa Meadows submarket of San Marcos. The facility features 27% office and HVAC production areas, dock and grade level loading, 26 foot clear height and is located on a 1.78 acre parcel.
Isaac Little, Marko Dragovic and Chuck Hardy of Lee & Associates represented both the seller, DonMar,LLC and the buyer, RAF Pacifica Group.
“This an excellent site for corporate headquarters and manufacturing facility,” explained Little. “The Buyer RAF Pacifica Group plans to substantial renovate the property to include RAF’s new Creative Industrial improvements which should be complete by the 2nd quarter of 2017.”
“La Costa Meadows is a prestigious neighborhood, located within close proximity to Carlsbad, Rancho Santa Fe, La Costa, and Encinitas,” noted Dragovic. “It is one of North San Diego County’s strongest submarkets. Recently, we have seen vacancy rates drop to as low as to 2.33%. We expect to continue to see demand in this area rise in 2017.”
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About Lee & Associates
Celebrating more than 37 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Texas, Vancouver BC, Washington and Wisconsin. With almost 900 brokers, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, national and international level. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn and Twitter.