Lee & Associates - North San Diego County Negoitates $1.3 Million Retail Sale
CARLSBAD, CA.— December 27, 2013— Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $1,300,000 sale of a 8,066 square-foot building located at 12411 Poway Road in Carlsbad, CA. The property is located at the signalized corner of Poway Rd and Pomerado Rd, one of the city’s busiest intersections with over 55k ADT. The building was originally ground leased to a financial institution, which built the existing improvements in the 1970s.
Ryan Litrich, Principal with Lee & Associates Carlsbad, mentioned, “After a thorough marketing of the site, we had an outstanding response from retail developers throughout Southern CA. Based on our analysis of the property and upon reviewing offers on the table, we advised the seller on selecting a local business owner/developer that understood the value of the location.”
Ryan Litrich and Jim Garvin of Lee& Associates–North San Diego County’s office in Carlsbad represented the seller, Craig L. Vejraska Family Limited Partnership, in the transaction. The buyer, Veck Investment Properties, LLC, was also represented by Ryan Litrich & Jim Garvin of Lee & Associates – North San Diego County’s office.
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 49 locations across the nation including Arizona, California, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, New York, South Carolina, Texas and Wisconsin. With a roster of nearly 730 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com