Santa Monica, CA – Eric von Bluecher, with Lee & Associates-North San Diego County’s Multifamily Advisory Group, has completed the investment sale of a 6-unit multifamily building at 1326 Yale, in Santa Monica, CA. The property featured two vacant units, providing an outstanding value-add investment opportunity for the buyer. The property sold at a cap of 3.55% on current rents and 6.28% cap on market rents, which is the 7th-lowest reported cap rate in Santa…
Industrial Team Negotiates $20.5M Lease
Vista, CA – Lee & Associates – North San Diego County has completed the $20,500,000 lease of a 155,000 square-foot single-tenant industrial building located at 1395 Park Center Drive, Vista CA. The freestanding facility features 20,000 SF of office space (13%), 4 dock high doors, 8 grade level doors and 135,000 SF of warehouse space with 4,000 amps 277/480-volt power. The tenant, M2 Ingredients, signed a long term lease and will use the new facility…
Investment Team Completes $12.56M Sale of CVS Portfolio
Heath, TX/Sandy, UT – Lee & Associates, one of the largest national commercial real estate firms, has completed the nearly $12.3 million investment sale of a 2-property CVS portfolio in Heath, TX (Dallas MSA) and Sandy, UT (Salt Lake City MSA). Both CVS properties had 20+ years remaining on their absolute NNN leases and were originally developed as build to suit projects back in 2015. Each respective property was located on a signalized hard corner…
Lee & Associates – North San Diego County Completes the $825,000 Sale of a Small Office Building in Oceanside
Oceanside, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $825,000 sale of an approximately 2,000-square-foot office building located at 709-711 Pier View Way in downtown Oceanside, CA. The small office property is situated along Pier View Way directly across from Oceanside’s City Hall and Oceanside Museum of Art, and features an urban design with high ceilings, large open interior space and a front patio area. Jeff…
Lee & Associates – North San Diego County Industrial Team Negotiates a $1.15M Industrial Yard Sale
San Marcos, CA – Trent France, Isaac Little and Marko Dragovic of Lee & Associates – North San Diego County negotiates a $1,150,000 sale on a 0.70-acre yard property located at 149 Pawnee Street, San Marcos, CA. The property featured a 1,520 SF concrete block Industrial building located on a fenced and gated 0.70-acre concrete yard. Trent France, Isaac Little and Marko Dragovic of Lee & Associates – North San Diego County represented both the…
Lee & Associates – Negotiates Sale of 11-Unit Multifamily Investment for Over $4.7M
Santa Monica, CA – April 19th, 2021 – Eric von Bluecher of Lee & Associates, Multifamily Advisory Group – North San Diego County, a leading commercial real estate brokerage firm specializing in investment sales and advisory services, represented the Seller, Los Gavilanes LLC, in the sale of 1245 10thStreet. The 11-unit building is a well maintained, mostly stabilized multifamily investment located on 10th and Wilshire in Santa Monica. Each unit offers spacious, efficient, and bright floor…
Lee & Associates – Negotiates Lease of Industrial Suite for over $8.5M
Carlsbad, CA – April 9, 2021 – Rusty Williams, Chris Roth, and Jake Rubendall of Lee & Associates – NSDC have just leased 2800 Whiptail Loop. The 46,838 square foot industrial suite features 8 dock high positions, a 32’ clear height, and heavy power. Rusty Williams, Chris Roth and Jake Rubendall represented the Tenant, Aethercomm, Inc. The Landlord, Gateway Pacific View, LLC with Ryan Companies US, Inc, were represented by Roger Carlson, Sean Williams and…
Lee & Associates – Sells Industrial Building for $13M
Carlsbad, CA – March 11, 2021 – Rusty Williams, Chris Roth, Greg Pieratt and Jake Rubendall of Lee & Associates – NSDC have just sold 6212 Corte del Abeto located in the Palomar Airport Business Park. This 70,224 square foot single-tenant industrial building was built in 1987, features 2 Dock High Doors, 6 Grade Level Doors, ceiling clearance up to 26’, and visibility to Palomar Airport Road. “This building is well positioned long term to…
Lee & Associates – North San Diego County Land Team Sells 4 Shovel Ready Lots in Encanto
San Diego, CA – Matt Weaver and Al Apuzzo of Lee & Associates have just sold four residential lots located at 6035-6055 Creighton Way in Southeast San Diego. The subject property has approved plans for 4 single-family residences, 1,879 sf homes with 4 bedrooms, 3 ½ baths and 2-car garages. Matt and Al represented the Seller, BC Creighton LLC. The Buyer, Vu Pham, was represented by Pida of Blue Star Realty West. The property sold for…