West Sacramento, CA – September 19, 2024 – Lee & Associates is pleased to announce the successful sale of a unique heavy industrial-zoned property at 3961 Channel Drive, West Sacramento. The 23.55-acre site, which features direct access to the Sacramento Deep Water Ship Channel, was sold to Teichert Inc., a prominent construction firm, for $17.99 million under its affiliate, Greencycle Properties LLC. Alex Weiss and Greg Pieratt of Lee & Associates represented the Seller, Yara…
Off-Market Multi-Tenant Industrial Property in Vista Sells for $7,350,000
Vista, CA – September 13, 2024 – Isaac Little and Marko Dragovic of Lee & Associates – NSDC have just negotiated the sale of the Creekview Industrial Park, Vista, for $7,350,000 in an off-market transaction. The 30,866 square foot multitenant industrial park consists of 21 units ranging in size from 900 to 4,000 square feet and was 95% leased at the time of sale. Built in 1994, the project has an average of 10% improved…
37.9 Acres of Industrial Land in Otay Mesa Sells for $58M
Otay Mesa, CA – August 21st, 2024 – Rusty Williams, SIOR, Chris Roth, SIOR, Jake Rubendall, SIOR and Andrew Kenny of Lee & Associates – NSDC as well as Eugene Kim of Lee & Associates LA North/Ventura have just sold 5761 Airway Rd in Otay Mesa, San Diego for $58,000,000 in an off-market transaction, which is the largest land transaction to take place in San Diego in the last 2 years. Totaling approximately 37.9…
59-Unit Multifamily Investment Building in Vista Sold for $14.1M
Vista, CA –August 8, 2024 – Lee & Associates – The Von Bluecher Group, the Multifamily Group of Lee & Associates North San Diego County, represented the seller and repeat client, The Ivicevic Family Trust, in the sale of the Pine View Apartments, a 59-unit multifamily investment in Vista, CA. The sales price was $14,100,000, which equates to $238,983 per unit and $273 per square foot, with an estimated cap rate around 5% and approximately…
On-Market Industrial Building Sells for $2.4M in Vista
Vista, CA, July 18, 2024 – Lee & Associates – North San Diego County (NSDC) Rusty Williams, SIOR, Chris Roth, SIOR, Jake Rubendall, SIOR, and Stephen Crockett of Lee & Associates – NSDC have just sold 1204 Avenida Chelsea in Vista for $2,412,500 in an on-market owner user transaction. The 7,424 square foot single tenant freestanding industrial building is located in the Vista Business Park and features two grade level doors, 18’ clear height,…
19.24 Acres on Rancho California Road in Temecula Wine Country Sold in 9 Days
July 12, 2024, Carlsbad, CA – Lee & Associates, a nationwide leader in commercial real estate services, and the Lee Land Team, announce the sale of a grove & vineyard along Temecula’s renowned Winery Row. The 19.24 acre property, located on Rancho California Road in Temecula, CA sold for $2,700,000. Matt Weaver, Al Apuzzo, Alex Bentley, and Brianna Lehman represented both the Buyer and Seller of the property. The property sold to Bacchus Investment LLC….
44-Unit Multifamily Investment Building in San Diego Sold for $7,125,000
San Diego, CA –March 5, 2024 – Lee & Associates – NSDC is excited to announce the sale of 5052 Wightman Street, a 44-unit multifamily investment property located in San Diego. The Von Bluecher Group – the Multifamily brokerage team of Lee & Associates North San Diego County, Eric von Bluecher and Ivan Del Muro-Garcia brokered the sale of 44 units in the City Heights/Colina Del Sol neighborhood of San Diego, representing both the…
Historic “Kahle Residence” in San Diego’s Golden Hill Sells for $1,196,000
San Diego, CA – January 19, 2024 – Lee & Associates – NSDC, is excited to announce the sale of 1058 21st St, a historical residential/mixed use property in San Diego. This vernacular-style home was originally constructed as a single-family residence and later converted into an office space, operating seamlessly for over 35 years. Despite the building’s age, it remained well maintained throughout multiple decades of ownership. The comprehensive marketing plan, officially launched…
4-Unit Multifamily Investment Property in Vista Sells for $1,387,430
Vista, CA –January 11, 2024 – Lee & Associates – NSDC, a premier commercial real estate firm in San Diego County, is excited to announce the sale of 247 Alestar St, a 4-unit investment property in Vista. The property was sold for $1,387,430 which was 103% of the listing price. Brought to market on November 1, 2023, The Von Bluecher, the Lee & Associates North San Diego County Multifamily Team – Eric von Bluecher…