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…
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,…
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 Sale of 3.87 Acres in San Marcos, CA
San Marcos, CA – January 23, 2019 – Lee & Associates – North San Diego County has completed the sale of 3.87 acres located on the West side of Woodward Street near the connection with Vineyard Road and is positioned less than 1 mile north of Highway 78. The site is zoned for up to 77 residential units although it sits in a wetlands area with sensitive biology. Matt Weaver and Al Apuzzo of Lee…
Lee & Associates – North San Diego County Completes Lease Of Industrial Building in San Diego, CA
San Diego, CA – December 4, 2018 – Lee & Associates, one of the largest national commercial real estate firms, has completed a lease for 6006 Miramar Rd in San Diego, CA. The lease term was negotiated for ten years with the consideration of over $6M. The building features 19,338 SF with showroom, office, parts storage, service area, and 17 service bays. The property is a 3.83 acre parcel situated on a signalized corner. Alex…
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…