Carlsbad, CA – Lee & Associates, has completed the sale of 1.87 acres located at El Camino Real & Kelly Dr in the newly developed Robertson Ranch community. The land is graded and zoned CF (Community Facilities) which allows for minimal uses including day care or church. There were 10+ offers on the property however the buyer, a Montessori School operator, closed very quickly. Matt Weaver and Al Apuzzo of Lee & Associates – North…
Lee & Associates – North San Diego County Completes Land Sale Totaling $2,450,000.00
San Marcos, CA – Lee & Associates, one of the largest national commercial real estate firms completed the sale of 1.6 net acres. The property is positioned near the intersection of Rancho Santa Fe Road and San Elijo Road in the City of San Marcos, County of San Diego. Located in the Old Creek Ranch Specific Plan, the property borders San Marcos’ prestigious master-planned community, San Elijo Hills. Surrounded by several new home communities built…
All About Opportunity Zones
A valuable breakdown of the benefits Garrett Parsons, Lee & Associates Inc. – NSDC WHAT IS THE OPPORTUNITY ZONE PROGRAM? The Opportunity Zone program is a tax incentive program that was brought to the public through the Tax Cuts and Jobs Act of 2017 with the goal of bringing long term investment capital into low-income areas to stimulate local economies and rehabilitate distressed cities. Through the program, governors of the 50 states and 4 territories…
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 Sale of 2.42 Acres Residential Land in Vista, CA
Vista, CA – Lee & Associates, one of the largest national commercial real estate firms, has completed the $2,050,000.00 sale of 2.42 acres of residential land located at 915-949 Sycamore Ave in Vista, CA. The property is just south of Watson Way on the west side of Sycamore Avenue, located approximately 1/2 mile south of California State Hwy 78. The site is part of a larger residential subdivision approval totaling 57 single family lots. Al…