Lee & Associates Brokers $12.6 Million Multi-Tenant Retail Sale of Oceanside Center
OCEANSIDE, Calif. — March 27, 2014 — Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered the $12.6 million sale of the Flags on Mission Shopping Center in Oceanside, Calif.
Marc Dudzik and Bo Havlik, both principals with Lee & Associates – North San Diego County’s office in Carlsbad, Calif., represented the seller, Mission Avenue Investors, as well as the Buyer, Doerken Properties Inc., a California corporation, in the transaction.
“The Oceanside community is rich with Hispanic influences, with the population exceeding 50 percent within a one mile demographic radius,” said Dudzik. “The Flags on Mission center is a retail hub that caters to this community, offering a variety of retail amenities, including anchors by popular retail chains El Super grocery and dd’s Discounts. Doerken Properties was a very capable and professional buyer, and their reputation for serving the Hispanic community makes this a strong addition to their portfolio.”
Located at 1527 Mission Ave., the multi-tenant property consists of 107,600 square feet of leasable retail space, situated on 10.7 acres of land.
About Lee & Associates
Celebrating more than 34 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 51 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas, and Wisconsin that house more than 750 brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.