San Marcos, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $3.9M sale of an 18,452 SF industrial building located at 307 E Carmel Street in San Marcos, CA. The building features 30% showroom, 30% office and 40% warehouse with freeway frontage directly on Highway 78. The property, formerly occupied by SoCal Piano was purchased by an investor who leased the facility to Chefs Toys, LLC under…
Lee & Associates – North San Diego County Completes $3.9M Sale of Industrial Building in San Marcos, CA
Lee & Associates – North San Diego County Completes Sale of Multi-Tenant Industrial Building in Escondido, CA
Escondido, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $940,000.00 sale of a 5,400 SF multi-tenant industrial building. The property features four (4) grade level doors, 13’ ceiling clearance and is divided into four (4) 1,350 SF suites. Trent France of Lee & Associates – North San Diego County represented the Seller, Blue Peters Holdings LP. The Buyer, 3 Gen Holdings, LLC, was represented by Kameli…
Lee & Associates – North San Diego County Completes $2.7M Sale of 60 Unit 2-story Townhome Site in Murrieta, CA
Murrieta, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2.7M sale of a 60 unit 2-story townhome site in Murrieta, CA. The 4.64 acre parcel is located on the Southeast corner of Washington Avenue and Lemon Street. The Final Map is recorded. The site is partially improved with some grading, streets, water, sewer, curbs, and gutters installed over 10 years ago. The property was in escrow…
Net Lease Investments: Understanding the Retail Pharmacy Sector
The Retail Pharmacy Sector The Retail Pharmacy sector has been a safe and solid investment for investors and 1031 exchange buyers for many years. The two companies dominating the retail pharmacy investments are Walgreens (NYSE: WBA) and CVS Pharmacy (NYSE: CVS). Walgreens and CVS both have investment-grade credit rating of BBB. These companies have both been very active with mergers, acquisitions in an effort to enhance their stance in the pharmacy sector. Just last year,…
Lee & Associates – North San Diego County Completes the Sale of a 7-Eleven in Salinas, CA
Salinas, CA – February 15, 2019 – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2.16M sale of a 7-Eleven in Salinas, CA. This investment property consists of a 2,251-square-foot retail building that sits on an approximately 0.28 acre parcel. Built in 1987, the building is leased to 7-Eleven Inc. (corporate) who holds an AA- investment credit rating from Standard & Poor’s. The 7-Eleven is ideally located on…
Q4-2018 Quarterly Reports
At the close of 2018, the San Diego Industrial market rental rates again set an all-time high, while the vacancy rate increased over the previous quarter with a significant amount of new construction coming on line. Read More… The San Diego Office market ended the fourth quarter 2018 with a vacancy rate of 9.7%. The vacancy rate was up over the previous quarter, with net absorption totaling positive 133,074 square feet in the fourth quarter. Read…
Lee & Associates – North San Diego County Completes the Combined Sale of Two Office Suites in Oceanside, CA
Oceanside, CA – January 2, 2019 – Lee & Associates, one of the largest national commercial real estate firms, has completed the $860,000.00 combined sale of two office suites located at 301 Mission Ave in Oceanside, CA. The office suites are part of the Oceanside Terraces. This beautiful multi-use complex featuring on-site conference room, gym facilities with shower, use of natural stone and granite finishes and secured parking. Suite 207 consisting of 1,569 SF in…