San Diego North County, CA – Lee & Associates, one of the largest national commercial real estate firms negotiates both sides on an industrial 1031 exchange transaction in North San Diego County totaling $2,742,000.

Isaac Little, Marko Dragovic, TJ Donnelly of Lee & Associates – North San Diego County represented the Seller, Gunter Family Trust, on the sale of 1531-1535 Seminole Street, San Macros, CA (the “Relinquished Property”), which featured a fully leased 8,832 SF 3-tenant industrial property that sold for $1,222,000. Barbara Kreis of Sperry Van Ness represented the Buyer, John and Laura Warren.  In order to accommodate the Gunter Family Trust’s 1031 exchange requirement, Isaac Little, Marko Dragovic, TJ Donnelly of Lee & Associates identified an off market industrial sale leaseback opportunity and represented both the Buyer, Gunter Family Trust, and Seller, Ron Gladnick and Paul Ryan, on the sale of 2585 Jason Court, Oceanside, CA (the “Replacement Property”) which features a freestanding 8,690 SF single tenant industrial building which was sold for $1,520,750 on a sale leaseback basis under undisclosed lease terms.

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Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link, our company blog.